Cost of Living Comparison

Household and other expenses vary from state-to-state and city-to-city. Use this calculator to gauge how a move or job change might impact your standard of living. Source: Advisorsmith Cost of Living Index

Input

Household Income ?

Your current annual household income before taxes.

Where do you currently live? ?

The city and state you're moving from.

Where do you want to move to? ?

The city and state you're considering moving to.

Enter your values and select Calculate.

The equivalent income figure shows what your current household income would need to be in the new city to buy roughly the same lifestyle you have today. It's built from broad cost-of-living indexes, not your personal budget, so it doesn't account for how much you actually spend on housing, groceries, or transportation.

The two inputs that matter most here are the cities you choose and your current income. A move between cities with a wide cost gap, say from a lower-cost metro to a coastal one, will show a much bigger required change than a move between similarly priced areas.

What's left out matters too: state and local tax differences, cost-of-living index methodology, your specific spending habits, and any change in salary that might come with the new job itself. This is a starting point for a conversation, not a number to negotiate a job offer around.

If you're seriously comparing offers or planning a move, run this again with updated income figures once you have an actual offer in hand, and check it against a cost-of-living index breakdown by category if housing or childcare weighs heavily in your budget. A rough number now still beats guessing.

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.