The Geographic Assessor database defaults to rental at all earnings levels. The program defaults to a square footage based on the specified earnings level and assumes unfurnished rental of apartment, condominium for management level transferees. Amenities vary by region and the program assumes amenities that are "standard" for the region. Family size will affect the cost of utilities and maintenance.
Utilities are estimated based on costs for common heating/cooling/sources of energy for the location. Water and sewer cost estimates are also included.
An estimated Renter’s Insurance cost is included based on local rates.
For Canadian and US comparisons, the user may change Two City Comparisons to ownership, specifying or confirming defaults for square footage, down payment, mortgage, interest rate and home price. Expenses cover all utilities, real estate taxes, mortgage interest and maintenance.
See Housing Assumptions for home ownership situations.
See Monthly Rent for further information.
See Two City Comparison - Background for more information.