If you are planning to move to the USA, you’re probably wondering about the cost of living in America? I found an online tool that calculates this monthly figure.
Watch the video below to discover this tool and see how much it costs to live in the US monthly. DON’T FORGET TO SUBSCRIBE on YouTube!
I have written about this in the past. But I am featuring an updated version of the set of expenses that we have. Please remember that my family and I are located in Nashville, TN. Other cities such as New York and Los Angeles are way more expensive than our city.
Please see the images below to get a glimpse of how much it costs to live in the USA, particularly in Nashville, TN.
For Nashville, TN: a family of 4 (2 adults and 2 kids) will need a total of $6,602 monthly or $79,228 annually to live comfortably. Here’s the breakdown
Do check out http://www.epi.org/resources/budget/ to use this budget calculator.
- Housing: $1,002
- Food: $792
- Child care: $1052
- Transportation: $1170
- Health care: $1170
- Other necessities: $724
- Taxes: $693
Comparing EPI amounts with our actual monthly expenses in Nashville TN
As you can see in the screenshots above, the budget calculator from EPI is pretty close to our actual expenses. But, every family is different, so you’d need to take a look at your own situation and spending habits.