The best source for Realtors to find free “calculator” tools and research, to help people decide the best cities in the US to live, are provided by the Economic Research Institute. The best page to find these valuable tools is the ERI “Career and Cost of Living Comparison” page. In addition a number of valuable reports are available for purchase.
Understanding Your Niche and Choices
As a Realtor or broker, you can elevate your perception with consumers as well as become more knowledgeable, if you are willing to research. Some of the best research available on cost of living, relocation, and economic conditions can be found at the Economic Research Institute. The information is global in scale and very detailed nature.
2 Career Cost of Living Comparison Tools
1. Salary Potential 2023: This tool “reports the estimated annual mean salary potential for 5,634 positions in the Year 2023.”
2. Cost of Living: This tool is a fantastic point of reference. It calculates cost of living for cities around the world and in some cases neighborhoods within the cities.
In my example I found the following information about San Francisco’s Pacific Heights neighborhood: “Student Cost of Living for Consumables as a percentage of the U.S. National Norm: 125%”
There are many more detailed reports comparing cities globally and nationally, cost of living conversion rates and economic condition calculators. Although these reports are not free, the descriptions of the reports can give you a starting point to becoming an expert.