The change in Cost of Living by CNN Money

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lovejopd
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Joined: Tue Dec 01, 2009 1:00 pm

The change in Cost of Living by CNN Money

Postby lovejopd » Wed Apr 27, 2011 12:03 am

http://cgi.money.cnn.com/tools/costofli ... iving.html

If you want to know how much more/less COA you need from the place where you live in now, the website might be helpful. Do you think that COA from Law school website is accurate or a little bit lower than real one? 8)

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niederbomb
Posts: 962
Joined: Sat Dec 12, 2009 12:07 pm

Re: The change in Cost of Living by CNN Money

Postby niederbomb » Wed Apr 27, 2011 6:44 am

lovejopd wrote:http://cgi.money.cnn.com/tools/costofliving/costofliving.html

If you want to know how much more/less COA you need from the place where you live in now, the website might be helpful. Do you think that COA from Law school website is accurate or a little bit lower than real one? 8)


Right off the top of my head, I think that calculator makes some false assumptions. It says, for example, that "transportation" would cost 17% more in NYC than it would in Tusacloosa, Alabama. However, in Alabama, one must have a car and pay insurance, car payments, maintenance, and $4-a-gallon gas to get around. In New York, one can do without and take the subway. I know the subway isn't free, but I fail to see how it could be 17% more than driving a car in the South. In DC, for example, I spent only $30 per week on a weekly pass and that was my total transportation cost for the entire summer.

Also, I disagree about groceries costing more in NY, too. Big cities like NYC and DC have lots of cheap options (as well as expensive options) than smaller towns. They just have more options, and one can live as cheaply or expensively as one wants.

Basically, your unavoidable higher costs in big cities come from 1) housing (though the difference need not be huge if you're single) and 2) utilities. I'm not sure to what extent savings in terms of transportation costs would make up for these other, higher expenses, but I sure as hell do not like that calculator at all.

I have never gotten sick, so I can't speak personally to healthcare costs anywhere.




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