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Anonymous
02-04-2002, 11:53 AM
I am not from the US and want to know what does COL mean. Is it some kind of index to compare the cost of life in different cities?

Thank you.

The Mister
02-04-2002, 11:54 AM
Essentially. "Cost Of Living"

WQN
02-04-2002, 01:14 PM
What are the factors included in the comparison?

WWSituation
02-04-2002, 01:17 PM
My guess is that its a combination of housing (median price) and taxes.

Gretchen
02-04-2002, 03:24 PM
Actually, it's usually much more comprehensive than just housing and taxes. Most cost of living indices will also account for average costs of such things as education, healthcare, groceries, transportation, utilities, etc. In other words, they really try to look at the TOTAL costs of living in one are compared to another.

Anonymous
02-04-2002, 03:34 PM
http://www.monstermoving.com/Find_A_Place/Calculators/SalaryCalc/
is a calculator to compare your salary in two cities

Anonymous
02-04-2002, 03:37 PM
On 2002-02-04 15:34, Anonymous wrote:
http://www.monstermoving.com/Find_A_Place/Calculators/SalaryCalc/
is a calculator to compare your salary in two cities

The data provided is for estimation purposes only. Any reliance upon it is at your sole risk.

Cost of living information has been carefully compiled using figures from auto insurance prices, housing costs, property tax information, state and local income taxes, and utility costs. These figures combined with the cost of living index and sales tax information
make up the data sources for the cost of living comparison. This is proprietary data from 1999, and is owned exclusively by Monstermoving.com. These figures are updated annually.

The cost of living Index is based upon an equation that includes the following: A dual spouse family with $50,000 income, 2 children, a 2,000 square foot house and 1 car. It is made up of housing costs, property taxes, state and local income taxes, sales taxes, utilities, and auto insurance costs. Currently, 1999 data is used.

The Mister
02-05-2002, 09:29 AM
On 2002-02-04 15:37, Anonymous wrote:
The cost of living Index is based upon an equation that includes the following: A dual spouse family with $50,000 income, 2 children, a 2,000 square foot house and 1 car.<font size=2>Mom, Dad and 2 kids with only 1 car?!? Yikes! (And the house must be kinda cramped, too...)

Exam Slave
02-05-2002, 12:31 PM
"Standard of Living" is an individual's input.
With personal standards higher than the basic, you'll want to find the area with the flatter slope from the basic. With standards lower than the basic, you'll want to find a steeper slope from the basic.

M.
02-05-2002, 12:40 PM
Man! I ran a few cities through the calculator and was blown away by some of the comparisons. Is this thing reasonably accurate?

davespencer
02-15-2002, 09:22 AM
I've seen several of the COL calculators. They are pretty similar. Many do not take taxes into account. Total taxes can be a shocker, and sometimes offset alot of the COL difference.