What's The True Cost Of Living In Your Town?

If you are like many of us, there's never enough money at the end of the month. And we certainly hope you aren't among those who are furloughed or working through the government shutdown without getting paid.

Have you ever wondered how your family's finances shape up compared to your neighbors? Did you ever wonder whether moving to some place different would be better financially for you?

HowMuch.net, a cost information website, came up with a tool that allows you to explore the costs and expenses of living where you live based on the the way you live. After all, your household may have two adults and two children, while just next door there's a single millennial living with a cat. Obviously, the living expenses would be completely different.

With HowMuch.net's interactive tool you can select your city, define your family and use additional filters to customize your financial situation, even down to whether you eat gourmet food or buy store-brand cereal..

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After you define your household, you can even enter a different location to see how much more or less it would cost to live there.

Try using the tool here.

The data was sourced from several different place, HowMuch.net said.

Income data is mined from the U.S. Department of Labor's Bureau of Labor Statistics and the Department of Labor, wages and Minimum Wage database.

The National Bureau of Economic Research is where data about taxes was derived. HowMuch.net said its calculations tend to err on the higher side, so you might not actually be paying what they estimate.

For more information, go to the HowMuch.net website.

Image via Shutterstock.