 COL Calc for LLs (by wmh [NC]) Jul 20, 2024 2:54 PM
 COL Calc for LLs (by WMH [NC]) Jul 20, 2024 3:41 PM
COL Calc for LLs (by zero [IN]) Jul 20, 2024 6:49 PM
COL Calc for LLs (by MikeA [TX]) Jul 20, 2024 7:00 PM
COL Calc for LLs (by WMH [NC]) Jul 20, 2024 9:25 PM
COL Calc for LLs (by Rick [IN]) Jul 21, 2024 6:04 AM
COL Calc for LLs (by 6x6 [TN]) Jul 21, 2024 10:17 AM
COL Calc for LLs (by WMH [NC]) Jul 21, 2024 10:42 AM
COL Calc for LLs (by Oregon Woodsmoke [ID]) Jul 21, 2024 10:52 AM
COL Calc for LLs (by NE [PA]) Jul 21, 2024 10:56 AM
COL Calc for LLs (by WMH [NC]) Jul 21, 2024 11:42 AM
COL Calc for LLs (by Sisco [MO]) Jul 21, 2024 3:10 PM
COL Calc for LLs (by Mike A [TX]) Jul 21, 2024 9:35 PM
COL Calc for LLs (by MikeA [TX]) Jul 21, 2024 9:55 PM
COL Calc for LLs (by wmh [NC]) Posted on: Jul 20, 2024 2:54 PM
Message:
Very helpful tool: a cost of living calculator across the country.
For my two counties, I am going to modify it to include what my houses actually cost - I then have real numbers overall to apply to an application.
FWIW:
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://livingwage.mit.edu/
--198.54.xxx.xxx |
COL Calc for LLs (by WMH [NC]) Posted on: Jul 20, 2024 3:41 PM
Message:
This is easier for me because I have so many small houses and a lot of my rents are similar, so I can modify the Housing costs for, say, a studio, a one bedroom and a two bedroom. I don't need to worry much beyond that. They are all about the same class and all command about the same rents per size, give or take.
I like this because I didn't make up the numbers. --198.54.xxx.xxx |
COL Calc for LLs (by zero [IN]) Posted on: Jul 20, 2024 6:49 PM
Message:
Interesting. I opened it just for a quick browse.
Thanks for sharing it.
Also you don't need to worry about the hypertext subs before the link. At least my system lets me just grab after that and jump straight thru.
Save you some typing, even though you are much faster at it than I am. --107.147.xx.xx |
COL Calc for LLs (by MikeA [TX]) Posted on: Jul 20, 2024 7:00 PM
Message:
Those numbers come out of a highly left group. They include many things that are way above the average as a cost of living its more akin to what is defined as middle class. Here's another calculator that is a little less biased
pewresearch.org/short-reads/2020/07/23/are-you-in-the-american-middle-class/ --50.219.xxx.xxx |
COL Calc for LLs (by WMH [NC]) Posted on: Jul 20, 2024 9:25 PM
Message:
I'm not using the numbers as law. I am changing them to suit my info, my needs. I don't look at which way a calc is leaning politically. It's numbers. --198.54.xxx.xxx |
COL Calc for LLs (by Rick [IN]) Posted on: Jul 21, 2024 6:04 AM
Message:
What a "living wage" is varies not only with geographical region but also from person to person. If your making a profit on each rental then your doing ok no matter what fancy statistic/formula/scheme is being pedaled. --75.104.xx.xx |
COL Calc for LLs (by 6x6 [TN]) Posted on: Jul 21, 2024 10:17 AM
Message:
Thank you. --76.129.xxx.xx |
COL Calc for LLs (by WMH [NC]) Posted on: Jul 21, 2024 10:42 AM
Message:
I like having a statistical body behind me backing up that 3x the rent is a good number. Left or right, that's what the number say when I play with them.
Good to know. --198.54.xxx.xxx |
COL Calc for LLs (by Oregon Woodsmoke [ID]) Posted on: Jul 21, 2024 10:52 AM
Message:
Oh. For yourself? I thought it was to figure out whether or not the applicant had enough income to live after the rent was paid.
I already know what my own bills are. --76.178.xxx.xxx |
COL Calc for LLs (by NE [PA]) Posted on: Jul 21, 2024 10:56 AM
Message:
I’m either exempt, disqualified, or off the charts. I have too many kids to fall into any of the categories. --24.152.xxx.xx |
COL Calc for LLs (by WMH [NC]) Posted on: Jul 21, 2024 11:42 AM
Message:
No for average local tenants, OW. It's a State, county or city-specific calculator. I downloaded my two counties, modified the housing costs, which were a bit wrong for us, but I'm assuming the other numbers are close as they are based on county info. So it just gives me another tool when analyzing someone's income. A current one. --198.54.xxx.xxx |
COL Calc for LLs (by Sisco [MO]) Posted on: Jul 21, 2024 3:10 PM
Message:
As per W’s calculator,In my low housing cost area, 6x housing cost take home pay is needed to have living wage…. I feel validated that I couldn’t see the 3x ratio as tenable. I suppose that the 4x that I require isn’t tenable either. --149.76.xxx.x |
COL Calc for LLs (by Mike A [TX]) Posted on: Jul 21, 2024 9:35 PM
Message:
I'm not exactly sure what you are using it for but if it is to evaluate what monthly income is required it very much does matter how it leans. The basis of the numbers that go into the calculation is equivalent to middle class not a minimal living wage. For instance they use the middle of 3 food cost categories published by the government which includes eating out at moderately priced restaurants multiple times a week (I think it was 4 if memory serves me right). Given they are trying to justify higher hourly wages their numbers will likely push you to require a higher income than is necessary. If you can get it that's fine but if your vacancy rate climbs you will know why. --72.45.xxx.xxx |
COL Calc for LLs (by MikeA [TX]) Posted on: Jul 21, 2024 9:55 PM
Message:
Another example is their inclusion of household expenses. The government publishes 3 different number. Lowest is the elderly, middle is low income, and highest is urban consumers. They use the most expensive category when calculating what they are pushing as living wage. Again, they are trying to make the case for justifying higher wages and if you compare it to the middle class calculator you will see that as they have defined living wage it calculates in the middle class range. --72.45.xxx.xxx |
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