COST-OF-LIVING DIFFERENTIALS
Not a Simple Calculation
Employees relocating to a higher cost location often ask: how much more
expensive will it be exactly? They often expect a simple answer: 10%, 20% or 30%
more expensive - for everyone - in the new location. Finding a free or inexpensive
online calculators that try to answer this question is easy. But it's not that simple.
An individual's family size, homeowner/renter status and income are all essential
factors in the calculation. Any tool or data source that tries to provide a simple
percentage difference between two locations - and doesn't ask for specifics
regarding the individual - will provide significantly flawed results.
