Education in US is expensive for those who earn in Dollars. For International students, when the conversion rates come into to play, it can be very expensive. I have posted few articles about Cost of living in USA.
- Cost of Living Breakdown
- Students Food and Rental Expenses
- Cost of Living at University of Southern California
Cost of living in USA at any given location is greatly influenced by Taxes (Sales, Local, State and Property taxes). You could see that from above links. I paid $75 for apartment rent and students in LA pay around $350 to $400.
Table below shows the taxes data for all 50 states ranked from lowest top highest.
Cheapest States by Taxes in USA
|No||States||State Tax||Sales Tax||Property Tax||Total|
I used taxes data from TaxFoundation.org and created the spreadsheet. Unlike India you will pay sales tax for anything you buy. In California 9.06% sales tax for a $1000 laptop comes to $90 ( total of $1090) and if you buy same laptop in New Hampshire, you have to pay just $1000.
Lets do simple calculation
- Food and Groceries – $200 per month (before taxes)
- 1 Year Total – $200 * 12 = $2400
- You will pay around ( 9.06% of 2400 = $230) in Taxes alone.
- In New Hampshire or Montana you get to save $230 per year.
Also, during month of July/August almost every state in USA will have Tax Free Weekend. For instance here in North Carolina, Tax free weekend is next week for 3 days. Any electronics and school supplies will be sold without sales tax. For NC sales Tax is 8.0% and if I buy a computer, I would pay 8% less, which is very good savings on top of any coupons and sale items. Students should take advantage of this tax free weekend in the state where they live.
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