Compare Bankrate's and SmartAsset's Cost of Living Calculators

Answer

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Bankrate / SmartAsset Cost of Living Comparison Calculators

 

Feature

Bankrate's Calculator

SmartAsset's Calculator

Data Source

ACCRA

Various, including local data

Expenses Covered

Housing, food, taxes, transportation, health care, entertainment, education

Housing, food, childcare, medical costs, transportation

Customization

Allows for necessary vs discretionary spending analysis

Adjusts for household size and income

User Interface

Provides a thorough look at cost of living adjustments

Allows users to type in any city name for more specific data

Special Features

Uses a cost of living index based on consumer expenses

Offers detailed breakdown of living expenses, including budgeting tips

Ease of Use

Best for those willing to sort through extensive data

Quick and user-friendly, with immediate results

Additional Tools

Includes various cost of living indexes

Provides additional financial calculators like mortgage and income taxes

 

Both calculators are designed to help users understand the cost of living differences between two locations. Bankrate's calculator offers a deep dive into the data, which can be beneficial for those who want to thoroughly understand their potential expenses. SmartAsset's calculator, on the other hand, provides a more user-friendly experience with immediate results and the ability to adjust for different household sizes and incomes [1] [2].

When using these tools, it's important to consider your personal circumstances and preferences to choose the one that best suits your needs.

Source: Conversation with Copilot, 5/25/2024

  1. Cost of Living Comparison Calculator - SmartAsset
  2. Cost Of Living Comparison Calculator - Bankrate
  3. The 4 Best Cost of Living Calculators - Ciresi & Morek
  4. Top 6 Best Cost of Living Calculators | Ranking - AdvisoryHQ
  • Last Updated May 26, 2024
  • Views 3
  • Answered By Peter Z McKay

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