Interesting Article on Housing Costs
Ran across an article on CNNMoney from a couple of days ago. It talks about people bailing on expensive housing markets and it has a couple of good sidebar tables outlining areas residents are leaving and areas they're moving to. L. A. was the #3 area in terms of the number of people who leave each year, and the #1 area people move to is Atlanta.
The page also has a calculator that lets you put in your annual salary, the city you live in, and the city you're thinking about moving to. Then it kicks out how much higher or lower your major expenditures (e.g., housing, groceries, utilities) will be. Just for fun I put in going from Atlanta to L.A. and of course everything except healthcare was higher, which was surprising since I only expected housing and auto expenses to be more. Check out the article and try the calculator here.
posted by Teresa | 3:30 PM
2 Comments:
I checked it out too and of course LA was massively higher, 219% in housing. I'm not so sure the utilites would be as high as they say though. Even if the cost per kilowatt, meter or what ever is sky high, the temps are much milder so you wouldn't have to sever your right arm to pay for heating in the winter.
Speaking of utilities, Nashville Gas came by for the 2nd month in a row to read our meter - which has not been turned on since last April. DUH HUH!
Gee, L.A. is only 177% higher than Atlanta. So does that mean it would be cheaper for me to move back than you?
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