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Calculating Your New Placement

When searching for new job opportunities, it is important to keep in mind that a change in your career can also mean a change in your wallet.

Before you move, it can be beneficial to calculate the ways that your spending habits and cost of living can change from city to city. Luckily, there are many tools online that can help you compare and make the best decision to support your preferred standard of living.

A useful tool for comparing the cost of living in your current city to that of another is Bankrate's Cost of Living Calculator. This calculator will allow you to see the equivalent income needed in order for you to maintain your current standard of living and plan ahead for a job opportunity in a new city.

Another way to plan ahead could be to use this Living Wage Calculator, first developed at MIT. This calculator is able to estimate cost of living in a community or region based on typical expenses in the area.

Check back here for more helpful tools when calculating your expenses while considering new job opportunities.

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