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Cost of Living Calculators and Wages

Cost of Living Calculators and Wages. Additional information of potential interest to NDOL Career Centers, Economic Developers, Employers, and Job Seekers. December 12, 2013. Cost of Living Calculators. There is no official government data source that measures the cost of living.

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Cost of Living Calculators and Wages

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  1. Cost of Living Calculators and Wages Additional information of potential interest to NDOL Career Centers, Economic Developers, Employers, and Job Seekers. December 12, 2013

  2. Cost of Living Calculators • There is no official government data source that measures the cost of living. • The most commonly cited cost of living index is produced by The Council for Community and Economic Research (C2ER). • The C2ER Cost of Living Index (COLI) is limited to 300 cities throughout the U.S., only 3 of which are located in Nebraska (Omaha, Lincoln, and Hastings). • C2ER charges $7.95 for each city to city comparison. • But there are alternatives!

  3. CNN Money CNN has purchased the data, and created their own calculator using the C2ER data. Allows you to compare two cities, and calculates the cost of living difference between the two. Shows price differences in 5 different spending categories. http://money.cnn.com/calculator/pf/cost-of-living/

  4. Bankrate.com Similar to the CNN Money calculator, but more robust. Allows text entry of income. Cities are listed by city name, rather than by state, then city. Price differences are not categorized. http://www.bankrate.com/calculators/savings/moving-cost-of-living-calculator.aspx

  5. Bureau of Labor Statistics CPI calculator measures changes in prices over time rather than based on geographies. Consequently, prices are for the U.S. as a whole. Consider using the Midwest region CPI, which is the closest geography produced, and available on Neworks. http://www.bls.gov/data/inflation_calculator.htm

  6. How to Find Occupational Wage Information • One of our most requested statistics! • Several options: • From NEworks • From BLS • From the Quarterly Wage sheets • Internal only

  7. NEworks • Historical Data Analysis • Employment and Wage Data • Occupation Data • Occupation Wage Rates

  8. NEworks EDS Wages • Labor Market Data • Get More • Wage Estimates by Occupation • New window, click on Wage Rates

  9. BLS: www.bls.gov • Databases & Tools -> Multi-Screen

  10. COMPARE WAGES

  11. COMPARE WAGES • Employment-Annual & Other

  12. COMPARE WAGES Select your search type The occupations are in order of SOC/O*NET code Select your occupation

  13. COMPARE WAGES Select your geography type Select one or more areas by holding down the control key

  14. COMPARE WAGES Select your data type and output type

  15. Contact Information Jodie Meyer Office of Labor Market Information 402-471-9629 Jodie.Meyer@nebraska.gov Kermit Spade Office of Labor Market Information 402-471-9953 Kermit.Spade@nebraska.gov

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