Cost of living in a community

So what are the real costs of living where you do? Or if you’re thinking of relocating do you know the true costs of living in a particular location?

If you’re not taking transportation expenses into account then you are missing a significant expense. And if you don’t know about the transportation options in your community, then you are missing out on potential savings. Did you know that the average working family spends almost 50% of their income on housing and transportation.

Here’s something that might help. The Fast Lane blog has posted about a new tool created by HUD and DOT that can help “consumers calculate the true cost of their combined housing and transportation expenses, helping them make more informed decisions about where to live and work.”

It’s called the Location Affordability Portal. Check it out.



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