College Planning Specialists

May 4, 2008

Student’s #1 “Cost Of Living” Tool: Economic Research Institute

The best source for students to find free “calculator” tools, to help decide on the best cities in the US to live, are provided by the Economic Research Institute. The best page to find these valuable tools is the ERI “Career and Cost of Living Comparison” page which includes the following free tools:

2 Career Cost of Living Comparison Tools For Students

1. Salary Potential 2023: This tool “reports the estimated annual mean salary potential for 5,634 positions in the Year 2023.”

2. Student Cost of Living: This tool is a fantastic point of reference. It calculates cost of living for cities around the world and in some cases neighborhoods within the cities.

In my example I found the following information about San Francisco’s Pacific Heights neighborhood: “Student Cost of Living for Consumables as a percentage of the U.S. National Norm: 125%”

There are many more detailed reports comparing cities globally or nationally, cost of living conversion rates and economic condition calculators. Although these reports are not free, the descriptions of the reports can give you a starting point to performing your own (free) research.

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