The cost of living varies between different areas of the country. If you earned
ID: 1102288 • Letter: T
Question
The cost of living varies between different areas of the country. If you earned $100,000 per year where you live now, and wanted to move. Select a city and state you’d like to move to.
To calculate this answer, log on to: http://www.bestplaces.net/COL/
How much would you need in additional income for your cost of living to remain unchanged?
Or, perhaps your cost of living will decrease! By how much? What might explain the different costs, and how might they influence your decision to move there?
Explanation / Answer
Cost of Living Comparison:
Sydney, North Dakota - Melbourne, Florida
Change Cities or Salary
A salary of $100,000 in Sydney, North Dakota should increase to $106,265 in Melbourne, Florida
Cost of Living Sydney Melbourne
Overall 86.2 91.6
Food 94.7 100.5
Housing 63.1 73.1
Utilities 95 104.7
Transportation 98.5 102.6
Health 98.2 93.1
Miscellaneous 97.7 99.9
100=national average
COMPARISON HIGHLIGHTS
Melbourne is 6% more expensive than Sydney.
Housing is the biggest factor in the cost of living difference.
Housing is 15% more expensive in Melbourne.
additional income required=$6265
food, transportation, housing and all the other costs are more in melbourne as compared to so so shift tydney. so if someone wants to melbourne from sydney the person will have to spend more as compared to what he was spending in sydney. the person will have to decrease his standard of living if he decides to shift to melbourne. all these help in deciding whether you want to shift to the other city or not.
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