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COMPARE: Select A City To Live In: NGPF Activity Bank Budgeting

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17 views4 pages

COMPARE: Select A City To Live In: NGPF Activity Bank Budgeting

Uploaded by

nicholsca27
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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NGPF Activity Bank

Budgeting

COMPARE: Select a City to Live In


Even if you’re pretty sure you know where you want to live as a young adult, it’s a good idea to compare different locations and
make sure you’re making the right financial decision. In this activity, you will research a city and compare it with others researched
by your classmates. Then, you will reflect on where you might choose to live as a young adult.

Part I: Research a City


Follow your teacher’s directions to determine which city you will research from the list below. Then, answer the questions to
complete the activity.

Billings, MT Daytona Beach, FL Gary, IN Madison, WI Reno, NV


Birmingham, AL Denver, CO Honolulu, HI Minneapolis, MN San Diego, CA
Boise, ID Detroit, MI Jackson, MS Nashville, TN San Francisco, CA
Boston, MA Fairbanks, AK Kalamazoo, MI New Orleans, LA Santa Fe, NM
Cedar Rapids, IA Flint, MI Las Vegas, NV Phoenix, AZ Seattle, WA
Chicago, IL Fresno, CA Lincoln, NE Portland, OR Tampa, FL

1. My City, State:

2. Using BestPlaces, search for your city and fill out Table 1 below. Some of the information will be found at the top of the page,
but some of the more detailed information will require you to use the links in the menu on the left side of the page. An
example for Palo Alto, CA has been provided in the first row of the table.

www.ngpf.org Last updated: 9/15/21


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TABLE 1

Median Home Median Rent


Unemployment Percentage of
Population/ Cost/ for 2 bedroom Cost of Living
City, State Rate & Job homes rented
Rate of Change Rate of Change home/ Index
Growth vs. owned
(Appreciation) apartment

EXAMPLE: 67,082 $2,948,200 3.5% Rented: 42.9%


$3,527 471
Palo Alto, CA +7.4% +4.4% -7.07% Owned: 52.3%

3. What does it mean for a city to have a cost of living index that is above or below 100? (Tip: Refer to the “Cost of Living” page
for your city to learn more about the cost of living index.)

4. What is your city’s cost of living index and what does that tell you about how expensive it is to live there?

www.ngpf.org Last updated: 9/15/21


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Part II: Compare Cities
Follow your teacher’s directions to input the data you collected into a shared spreadsheet. Once your classmates have input their
data, use the spreadsheet to input the cities with the highest and lowest values into each category in Table 2.

TABLE 2

Category City, State: High City, State: Low

Population

Median Home Cost

Median Rent for 2 bedroom home/apt

Cost of Living Index

Unemployment Rate

Job Growth

Percentage of Homes Rented

Percentage of Homes Owned

5. From all the data collected in Table 2, explain what you found to be most surprising and why.

www.ngpf.org Last updated: 9/15/21


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Part III: Choose a City
Now that you’ve researched a city and seen some of the data from your classmates’ cities, it’s time to decide where you might want
to live. To make the best decision, take some time to look up any cities you’re interested in that weren’t mentioned in the activity
and/or take a closer look at some of the cities that were listed that you’d like to learn more about. Then, use the information from
your research to answer the questions.

6. Which city do you think would be the best fit for you?

7. Which data categories did you find to be most helpful in making your decision? Explain why.

8. A lot of the data we looked at has to do with the finances of living in specific cities. What non-financial factors do you think
would also be important to consider in your decision? (e.g. Being close to family and friends)

www.ngpf.org Last updated: 9/15/21


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