Pricing and Costs of Cost of Living Comparisons
Getting cost of living comparisons that offer all you needBusiness owners use cost of living comparisons for different reasons and with differing frequencies. The pricing and costs of cost of living comparisons really depend on the depth/breadth of information you need.
If you periodically use information/comparisons when hiring, you might settle for a free cost of living calculator to give you the information you need. Perhaps you employ staff who reside overseas and require fair compensation packages. As a consultant, you might frequently perform an international cost of living comparison or local/state/regional/national cost of living comparisons. When evaluating pricing and costs of cost of living comparisons, consider:
1. Using free cost of living calculators.
2. Finding desktop software that permits cost of living comparisons, international and national.
3. Ordering reports that compare cost of living information and indices.
Find free cost of living calculators if you don't need much detail
Purchase a cost of living comparison solution you can access from your computerGaining access to software with national and international cost of living comparisons can run from just under $1,000 to more than $2,000 for an annual subscription.
Order reports or services with cost of living index and comparison informationGet single-copy reports ranging from under $100 to more than $1,000 or quarterly reports that fall within the range of just under $150 to nearly $300 for annual subscriptions.
- Form complete cost of living comparisons by also reading consumer price index reports. The CPI measures changes in the cost of a typical basket of services or goods purchased in a U.S. metropolitan area over different periods of time. This information is the chief measure of inflation the U.S. government and private business uses to set wages, welfare benefits and entitlements.
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