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Moving To A New City? See How Much Your Cost Of Living Will Change.

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Mortgage and Lending with AmeriFirst Financial Inc. - for 1st Time buyers, move up buyers 208582 270557

Cost of Living varies from town to townIt's a fact: It's more expensive to live in some cities than others. Beyond just the costs of buying a home, different cities also carry a different Cost of Living. For households relocating from Arizona and  across state lines, the change in "life costs" can be jarring.

Depending on where you live, everyday expenses -- from groceries to gasoline -- make a different-sized dent in a household budget. And now you can see in numbers by how much your expenses might change.

Visit Bankrate.com's Cost of Living Comparison Calculator

The Cost of Living Comparison calculator is as basic as it is thorough. The calculator asks just 3 questions --  (1) Where do you live now, (2) To what city are you moving, and (3) What is your salary -- and uses your answers to produce a detailed, 60-item cost comparison between the two towns.

The city-to-city cost comparisons include:

  • Dry Cleaning Costs
  • Total Energy Costs
  • Beauty Salon Costs
  • Movie Costs
  • Dentist Visit Costs

The list also features a mortgage rate comparison, and a comparison of local home prices.

The Cost of Living calculator is based on data from the ACCRA. On the ACCRA website, a similar report sells for $5. At Bankrate.com, the information is free.

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 AmeriFirst Financial, Inc., 1550 E. McKellips Raad, Suite 117, Mesa, AZ  85203 (NMLS # 145368). 1-877-599-4332 Copyright2012. All Rights Reserved. This is not an offer to enter into an agreement.  Not all customers will qualify.  Information, rates, and programs are subject to change without prior notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. AmeriFirst is required to disclose the following license information: AZ: Arizona Mortgage Banker License No. BK0013635; CA: Licensed by The Department of Corporations under the California Residential Mortgage Lending Act; CO: Regulated by the Division of Real Estate; WA: Washington Consumer Loan Company License No. CL-145368. 


 

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I have used this tool and it is somewhat accurate, but no single statistic will give a true picture. Better solution in my opinion? Go live there for a couple of weeks before deciding to move.

Jun 10, 2011 03:53 AM