Author Topic: Calculator to compare one state against another  (Read 1395 times)

Roadrunner53

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Calculator to compare one state against another
« on: November 06, 2017, 11:47:41 AM »
Is there some kind of a calculator that you can put specific zipcodes into it and determine the cost of living from one state to another.  I would like it to be very detailed so I could put in my exact energy costs, groceries, taxes, etc and get a detailed comparison of another city. If there isn't one, can someone provide a cheat sheet on how to analyze costs to determine if it is worth it to move to a place that has a lower cost of living? I am trying to compare cost of living in CT compared to GA. I have tried some calculators and they seem inaccurate. Some are telling me that it will cost me more in taxes in GA than CT which seems impossible to me. Not sure if these calculators are taking it into consideration that I am retired and would be taxes at a lower rate and would have certain exemptions due to age 65. Thanks!

stealthwealth

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Re: Calculator to compare one state against another
« Reply #1 on: November 06, 2017, 01:19:28 PM »
State to state won't help much.  You have to really dial it in to within a few miles of where you are hoping to reside to get real answers - even metro level data can be very misleading, for instance in rust belt cities where averages are weighed down by large depressed/poor/high crime areas, while the healthy areas are significantly more expensive.  In my opinion, your best bet is forums like CityData to get down to granular understanding of what the costs even are, and using Zillow, walkscore, and ARCGIS data sets to figure out, relatively speaking, which neighborhoods are problematic or lacking essential services and so forth, and go from there. 

It's also possible that if CT has high state taxes, then munis may have low taxes, while GA, being a southern state, probably has super low state taxes, but higher and less efficient muni taxes to make up the difference.