The product is a tool that compares take-home pay by city. You can input your salary and select a city to see details like tax, mandatory contributions, housing costs, living expenses, and car expenses. It helps you analyze and calculate your savings and spending power in different locations.
Features
City Comparison
Compare your take-home pay across three different cities, allowing you to explore the impact of taxes, living costs, and savings.
Currency Toggle
Switch between your local currency and USD to better understand potential earnings and costs in familiar terms.
Expense Breakdown
View detailed breakdowns of expenses including taxes, housing, car expenses, and living costs excluding housing.
Savings Calculation
Determine your savings by calculating the difference between annual salary and total expenses, helping you understand your financial standing in each city.
Currency Exchange Rates
Uses the latest exchange rates from the previous business day, sourced from Yahoo Finance.
Tax Calculation Assumptions
Taxes are calculated assuming a single (unmarried) resident filer based on 2024 tax rates. Personal income taxes include national and regional taxes, while other taxes are excluded.
Housing Costs
Assumes rent for an 'Apartment (1 bedroom) in City Centre' in all cities, with data sourced from Numbeo.
Living Costs
Uses the living cost for a single person, with data sourced from Numbeo.
Car Expenses
Assumes the purchase of a Toyota Corolla Sedan 1.6l 97kW Comfort or equivalent. Depreciated over 5 years without considering additional costs like insurance. Data is sourced from Numbeo.
Sales Tax Calculation
Estimates the amount spent on local sales tax if all savings were used after tax. Uses hypothetical scenarios for illustration.