Wednesday, June 20, 2007 11:30 PM

Moving On Up...

As a soon-to-be New Yorker, I’ve been bracing myself for seriously down-sizing my spending habits. I have lived in Boston for the past few years, so I am accustomed to the costs of urban living, but my new city is going to be on a whole new playing field.

In fact I found out on Bankrate.com’s Cost of Living Comparison Calculator that I’d need a 50% increase in earnings to maintain the same standard of living that I  enjoyed in Boston. Looks like I won’t be buying so many shoes…

The Calculator asks for your current city (or town) and the city you plan to move to, and your current income to tell you how much more you'll need to make to keep livin' the sweet life. Then it tells you how much the price of common purchases vary from place to place, everything from a home to a movie ticket.

The Nest’s Budget Worksheet has proven very helpful in managing my money through the move. But as well know, just because my worksheet is balanced, doesn’t mean my checkbook is.

How did you handle moving to a new city and a new cost of living and still stick with your budget, especially when you walk by pretty shoes?

Posted by Nest Caitlin
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Comments

re: Moving On Up...

Do you know where you'll be living?  Hoboken is a less than 15 min train ride to Manhattan and it's [a little bit] cheaper!

I probably eat out too often but there are definitely tons of good restaurants that you can find that won't be too expensive.  I don't really drink anymore, so this isn't really an issue for me, but a mixed drinks are always practically $15 anywhere you go so that is annoying.  But there are also always lots of free events around the city too.  

Posted by rrotem    Wednesday, June 20, 2007 10:38 PM


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