Cost of living comparison spreadsheet



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Date12.05.2016
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COST OF LIVING COMPARISON SPREADSHEET
Directions:

1. In the blue box, enter your expected annual salary from your career profile

2. In the green box, enter the name of a city to which you would like to move.

3. From the class website, click on the link for the Cost of Living Calculator. Use the website to find out information about living in the new city.


Enter the comparable salary for the new city.
For increases to a cash outflow, use this formula: Cost in Philadelphia x (1.%%)

Example: Housing in Philadelphia will cost $15,000. The website shows that housing costs are 10% higher in the new city.


Cost in New City = Cost in Philadelphia x 1.%%
= $15,000 x 1.10
= $16,500 for housing in the new city

For decreases to a cash outflow, use this formula: Cost in Philadelphia x (1-0.%%)



Example: Housing in Philadelphia will cost $15,000. The website shows that housing costs are 10% lower in the new city.
Cost in New City = Cost in Philadelphia x (1 - 0.%%)
= $15,000 x (1 - 0.10)
= $13,500 for housing in the new city



  1. Repeat steps 2 and 3 for two other cities of your choice. Be sure to enter the name of each city in an orange box.


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