Here is an excellent source for comparing the cost of living between U.S. cities:
"Use this calculator to compare the cost of living between U.S.
cities. Select the city you're in and the city you're moving to. Enter
your present income and click "Calculate." The income required to
maintain your current standard of living will appear in the box below,
along with the percentage difference between the two cities. The
calculation takes into account dozens of items in six broad categories
-- groceries, housing, utilities, transportation, health care and
miscellaneous goods and services. It does not include the effects of
state and local taxes. The information is updated quarterly."
The equivalent income in Oakland is approximately $150,000.
"The equivalent income is $149,877.71. It will take a 37.50% increase
to maintain your standard of living."
Below are comparisons of some of the major expenses:
Product Portland OR Oakland CA Difference
HOME PRICE $290,969.00 $660,459.20 $369,490.20
PAYMENT+ INTEREST $1,260.00 $2,891.00 $1,631.00
APT#(RENT) $754.88 $1,501.11 $746.24
TOTAL ENERGY $178.90 $133.23 $45.67
DENTIST VISIT $131.20 $101.60 $29.60
DOCTOR VISIT $101.00 $101.10 $0.10
OPTOMETRIST $80.80 $99.40 $18.60
PHONE $25.00 $22.84 $2.16
GASOLINE $2.08 $2.45 $0.37
Mortgage (%) 5.65% 5.75% -0.1
Data soure: ACCRA www.costofliving.org
"cost of living" comparisons
I hope this is helpful. If you have any questions regarding my answer
please don?t hesitate to ask before rating it.
Clarification of Answer by
09 May 2005 13:20 PDT
It's strange you were not able to access the page. I tried it again
and was still able to.
Regarding your followup question, the percentage difference between
buying a home versus renting is higher, therefore the overall
different percentage should be lower than 37.50%. However, since I'm
not a mathmetician, I am not in a position to be able to calculate how
I hope that helps.