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WARNING!This comparison is based on only a few data points. At this point it is only a guess. It is based on 536 prices entered by 50 different people.
Full price comparison, by category
(click to expand each category)
| Food | +21% | |||
|---|---|---|---|---|
| Housing | +39% | |||
| Clothes | +5% | |||
| Transportation | +63% | |||
| Personal Care | +7% | |||
| Entertainment | -23% | |||
 | TOTAL | +24% | ||
WARNING!This comparison is based on only a few data points. At this point it is only a guess. It is based on 536 prices entered by 50 different people.
These prices were last updated on December 24, 2023.
Detailed prices for each city individually
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For example, you would need at least $7,309 in Honolulu, Hawaii to maintain the same standard of living that you can have with $5,900 in Anchorage, Alaska.
Do you live in Anchorage, Alaska? We need your help!
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Prices recently added
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I'm well-versed in the intricacies of the cost of living indices and their application in comparative analyses. The data you've provided seems to be from Expatistan or a similar platform, utilizing crowd-sourced information to estimate the cost of living in different cities. This method has its strengths, mainly in its real-time updates and diverse data points. However, the accuracy relies heavily on the number of contributors and their spending habits.
The breakdown you've shared illustrates the various categories influencing the cost of living index: food, housing, clothes, transportation, personal care, and entertainment. These categories encompass essentials and lifestyle elements, creating a comprehensive view of expenses in a particular area. The percentage differences between cities reveal how costs in each category vary, providing a nuanced understanding of where the financial disparities lie.
For instance, the significant deviation in transportation costs by 63% indicates a substantial disparity in this particular aspect between Honolulu, Hawaii, and Anchorage, Alaska. Similarly, the stark difference in housing costs by 39% showcases the substantial contrast in accommodation expenses between these locations.
Additionally, the comparisons with other global cities further contextualize the cost of living variations. These comparisons offer a broader perspective on how different regions stack up against one another economically.
To further enrich your understanding, I can break down these components individually:
- Food: Represents the cost of groceries and dining out.
- Housing: Encompasses rent or mortgage payments, utilities, and property taxes.
- Clothes: Includes the prices of apparel and footwear.
- Transportation: Covers public transport, fuel costs, or vehicle maintenance.
- Personal Care: Involves expenses related to healthcare, personal grooming, and pharmaceuticals.
- Entertainment: Comprises leisure activities, such as movie tickets, gym memberships, or hobbies.
These categories collectively contribute to the overall cost of living index, providing a detailed snapshot of the financial landscape in a particular area. The comparisons with similar cities and countries help individuals assess the affordability and lifestyle variations across different regions, aiding in decision-making for relocation or travel purposes.
