iPhone Screenshots

Description

The first and only cost of living calculator that computes your cost of living in different places (including all forms of taxes) based on what you spend, not what you earn. And then it calculates what you need to earn before income taxes to cover those spending habits. This includes the most accurate measure of your housing cost, which is the biggest after-tax expenditure for most people. Specifically, this patent-pending technology accounts for the size of your home and the ZIP code where your home is located so that an equivalently sized home in an equivalently priced neighborhood can be compared in a different city!

The reality is that you spend after-tax dollars, therefore, you have to earn enough pre-tax income to cover that after-tax spending. Obviously, if you need to spend more in a new city on an after-tax basis, you have to earn even more than that to cover the income taxes at the federal and state levels (in most states). This is why it’s so important to start the computation with spending, because how you spend your after-tax income is what defines your standard of living.

Do you choose to rent a smaller home in a more expensive neighborhood, or are you someone who chose a less expensive neighborhood so that you could get that extra bedroom? Maybe you’re the type who wants to pay a little less in rent so that you can spend more on organic groceries at Whole Foods, or wanted to have more cash to spend on clothes. No matter what your unique spending decisions are, a cost of living calculator should account for them!

Finally, only after arriving at a comparison between the after-tax income needed in each location should a calculation of income taxes be performed. The City Vs City algorithm can perform such a complex calculation that can reverse engineer income taxes based on after tax income and account for state and federal tax brackets.

Moreover, these income taxes need to grouped with the other main forms of taxation (namely, property taxes and sales taxes). This is the only way to obtain a true comparison because a neighborhood in another state, or even just another county, could have a wildly different tax structure. One place might have no income tax but high property taxes, and another location could have the opposite structure. This is why they need to be presented together, as the total taxes you currently pay versus the total taxes you’ll likely pay in a different city.

So it’s finally possible to discover what your lifestyle costs in a different city! All you have to do is enter a few of your unique spending habits, and you can start exploring how much they’d cost in another U.S. city!

What's New

Version 1.4.8

This already powerful cost of living calculator now includes the ability to choose a more or less expensive ZIP code in another city! By default, a ZIP code similarly ranked to your current one will still be located first (based on the median cost of housing), but you will now have the power to specify which ZIP will best suit your needs (and budget).
This complements the expanded set of maps that illustrate the regional boundaries that define each city (just click the map symbol next to any city's name to determine if it's the area that's right for you). Of course, these are just the latest in our tradition of adding great new features to provide the best cost of living calculator on the market.

Other recently added features include the ability to enter your home price or rent in addition to the "slider" so that you can set your housing cost more precisely than before. We also added a help video to demonstrate all the capabilities. And behind the scenes, we are also regularly updating price data so that your cost of living comparisons are the most accurate they can possibly be!

Ratings and Reviews

Super Helpful

brooch

I'm thinking of moving and this app gives me so much valuable information. New York or LA? Now I know!

Information

Seller
Wahrheit Ventures, LLC
Size
67.6 MB
Category
Finance
Compatibility
Requires iOS 9.0 or later. Compatible with iPhone, iPad, and iPod touch.
Languages
English
Age Rating
Rated 4+
Copyright
© 2017 Wahrheit Ventures
Price
Free
In-App Purchases
  1. 1,000 coins $0.99
  2. 10,000 coins $5.99
  3. 2,500 coins $1.99

Supports

  • Family Sharing

    With Family Sharing set up, up to six family members can use this app.

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