Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
www.numbeo.com
Old 11-29-2010, 06:49 PM   #1
Thinks s/he gets paid by the post
BunsGettingFirm's Avatar
 
Join Date: Jan 2004
Posts: 1,502
www.numbeo.com

I am always interested in doing quick cost-of-living comparisons between cities. I know there are a few other enthusiasts who rave about comparable sites such as city-data.com. Here it is Cost of Living. It uses crowd sourcing to gather some of the prices it tracks, kind of like the what the BLS does for CPI but of course with much less rigorous quality control. However, judging by the prices quoted for a few of the cities I have lived in, the costs are not far off. Let me know what you think.
__________________

__________________
BunsGettingFirm is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-29-2010, 07:08 PM   #2
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,823
I didn't think the prices were very close for New Orleans. Maybe this is an anomaly.
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 11-29-2010, 07:13 PM   #3
Thinks s/he gets paid by the post
 
Join Date: Nov 2006
Posts: 2,268
Dallas looks more or less correct
__________________
utrecht is offline   Reply With Quote
Old 11-29-2010, 07:13 PM   #4
Thinks s/he gets paid by the post
BunsGettingFirm's Avatar
 
Join Date: Jan 2004
Posts: 1,502
Hi, are the prices too high or too low or all over the map? How about major categories such as rent, food, and utilities?
__________________
BunsGettingFirm is offline   Reply With Quote
Old 11-29-2010, 07:24 PM   #5
Thinks s/he gets paid by the post
GregLee's Avatar
 
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
Milk in Honolulu doesn't sell by the liter, nor cheese by the kilo. $20 for a "mid-range" bottle of wine? I've certainly never paid that much. $160 for men's leather shoes? Same comment.
__________________
Greg (retired in 2010 at age 68, state pension)
GregLee is offline   Reply With Quote
Old 11-29-2010, 07:32 PM   #6
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,823
Quote:
Originally Posted by BunsGettingFirm View Post
Hi, are the prices too high or too low or all over the map? How about major categories such as rent, food, and utilities?
All over the map. Rent looks low to me for most apartments, restaurant food's too high (like what a tourist would pay at the tourist joints, since they don't know any better), and I have no idea what most people spend on utilities but mine are much lower.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is offline   Reply With Quote
Old 11-29-2010, 07:37 PM   #7
Thinks s/he gets paid by the post
 
Join Date: Sep 2009
Location: Hong Kong
Posts: 1,571
With the exception of rents (which look low to me), eating out (there is a huge range) and shoes (which look too low, possibly distorted by the fact that most places do not sell my size, forcing me to shop in more expensive shops), the numbers for HK look about right.
__________________
Budgeting is a skill practised by people who are bad at politics.
traineeinvestor is offline   Reply With Quote
Old 11-29-2010, 08:14 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Nov 2007
Posts: 7,526
Clearly wrong, because they say you can rent a place in the city center for $700/mo or outside city center for $500/mo. From another thread, it is impossible to rent something so cheap in a metro city area without being surrounded by stabbing hobos, homeless bums, section 8ers, welfare cheats, etc. j/k Seriously, $700/500 might be a tad too low but not far off.

They didn't have it for my city, but the similar city down the road a bit is very accurate for most things. Some exceptions: Beer at the market was way high ($3+ for a bottle of beer??). Rents were pretty close. Sales of apartments outside city center was shown as $160/sf. That is probably 50% higher than the median price per sf for a typical lux condo or house. But the $190/sf for city center apartment buying is probably pretty good for the modern lux condos.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (5, 11, and 12).
FUEGO is offline   Reply With Quote
Old 11-30-2010, 06:36 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 5,280
Quote:
Originally Posted by W2R View Post
I didn't think the prices were very close for New Orleans. Maybe this is an anomaly.
Hmmmm.

Quote:
Consumer Prices in New Orleans, LA are 20.49% lower than in Denver, CO
Consumer Prices Including Rent in New Orleans, LA are 11.03% lower than in Denver, CO
Rent Prices in New Orleans, LA are 9.86% higher than in Denver, CO
Restaurant Prices in New Orleans, LA are 29.41% lower than in Denver, CO
Groceries Prices in New Orleans, LA are 10.70% lower than in Denver, CO
Local Purchasing Power in New Orleans, LA is 57.25% lower than in Denver, CO
Quote:
Indexes at this website are relative to New York City (NYC). Which means that for New York City, each index should be 100(%). If another city has, for example, rent index of 120, it means rents in average in that city are 20% more expensive than in New York City. If the city has rent index of 70, that means in the average in that city rents are 30% less expensive than in New York City.

Consumer Price Excl. Rent Index (CPI) is relative indicator of consumer goods price, including groceries, restaurants, transportation and utilities. CPI Index doesn't include accomodation expenses such as rent or mortgage. If city has CPI index of 120, it means Numbeo estimates it is 20% more expensive than New York (excluding rent).
Rent Index is estimation of prices of renting apartments in the city compared to New York City. If Rent index is 80, Numbeo estimates that price for renting in that city is 80% of price in New York.
Groceries Index is an estimation of grocery prices in the city compared to New York City. To calculate this section, Numbeo uses "Markets" section of each city.
Restaurants Index is a comparison of prices of meals and drinks in restaurants and bars compared to NYC.
Consumer Price Plus Rent Index is an estimation of consumer goods prices including rent in the city comparing to New York City.
Local Purchasing Power shows relative purchasing power in buying goods and services in a given city for the average wage in that city. If domestic purchasing power is 40, this means that inhabitans of that city with the average salary can afford to buy 60% less typical goods and services than New York City residents with an average salary.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is online now   Reply With Quote
Old 12-01-2010, 10:25 PM   #10
Thinks s/he gets paid by the post
BunsGettingFirm's Avatar
 
Join Date: Jan 2004
Posts: 1,502
Quote:
Originally Posted by GregLee View Post
Milk in Honolulu doesn't sell by the liter, nor cheese by the kilo. $20 for a "mid-range" bottle of wine? I've certainly never paid that much. $160 for men's leather shoes? Same comment.
I understand that, but to make comparison easier with the rest of the world that use metric, milk is listed in liters, as a lot of other measurements such as real estate in square meters instead of square feet. I think the conversion can be done.
__________________
BunsGettingFirm is offline   Reply With Quote
Old 12-02-2010, 02:33 AM   #11
Thinks s/he gets paid by the post
Koolau's Avatar
 
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 3,240
What I read for the two cities I'm most familiar with (in recent history) Honolulu and Indianapolis, the costs seem generally in line. Can't comment on how either city compares to NYC on a % basis.

As we've often discussed, such comparisons have some weaknesses but they can be helpful if you understand their limitations. For instance, when you move from Indy to Paradise, you stop buying things like fresh blueberries and substitute more local fruits or less expensive imported fruits. I realize the data wasn't presented as a "market basket", but the same principle holds.

I also wonder if the "naturally frugal" nature of us ERs distorts our perspective. For instance: Utilities in Honolulu were listed at $275/mo. We spend 1/3 that or less, but we dry our clothes in the open air for the most part and we don't have AC. I have heard lots of folks around town suggesting they spend $200+ just for electricity. I couldn't live like that, so it makes some comparisons difficult.
__________________

__________________
Ko'olau's Law -

Anything which can be used can be misused. Anything which can be misused will be.
Koolau is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
www.yourdiseaserisk.com Martha Health and Early Retirement 2 11-16-2006 06:38 PM
Question for the WWW savy Leonidas Other topics 8 11-01-2006 01:28 PM

 

 
All times are GMT -6. The time now is 07:38 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.