Business owners, industrialists and governmental agencies as well as trade unions, are all aware of the relevance of keeping track of the cost of living so as to establish wage schemes and adjustment plans.
Developers are concerned about devising tools for their clients to make it easier for them to be updated with the fluctuations of the cost of living so as to keep competitive with the wages in pursue of the workers´ satisfaction. So they must work on a good and reliable cost of living and average prices software.
They need to determine the cost of living in any city or country, and how it can be used to adjust employees’ salaries competitively so as to gain their loyalty and keep them satisfied.
The Cities Cost of Living and Average Prices API is a great tool for businesses that need to update their salary structures. It´s an easy to use tool that guarantees efficiency and accuracy of data as it´s updated constantly.
Additionally, for business owners who hire contractors or freelancers, they may have noticed that their fees may be increasing as per the CoL, then the data retrieved by the API is a relevant reference for comparison. Definitely they´re all interested in keeping their business profitable and successful; then it`s advisable to consider to adjust salary and wage rates accordingly.
With this information at the fingertip business owners, industrialists, governmental administrators and trade union leaders can make sure the salary scheme is fairly based on what other people are earning in the same city. Furthermore, this type of API is also useful for businesses who want to adjust their prices based on the cost of living in their city.
Likewise this API provides information on over 8000 cities worldwide, so chances are to find what you’re looking for right away! The Cities Cost of Living and Average Prices API is perfect for anyone who wants to compare the cost of living across different cities or find out how much things actually cost in different places.
The API supports 35 different currencies available, and more can quickly be added on request. It includes multiple indexes like Groceries, Purchasing Power, Rent, estate prices and many other basic expenses.
It gives the choice of 4 endpoints: Get Countries, Get Cities By Country, Cost Of Living By Country and Cost Of Living By City.
How Does This API Work?
The Cities Cost of Living and Average Prices API is a great tool for businesses that need to update their salary structures. This API can help determine the cost of living in any city, which can be used to update staff’s salaries.
This API collects data on the cost of living in different cities around the world, along with other factors such as average wages and consumer prices. This data is then used to calculate a “cost of living” index for each city.
Counting on a subscription on Zyla API Hub marketplace, just start using, connecting and managing APIs. Subscribe to Cities Cost Of Living And Average Prices API by simply clicking on the button “Start Free Trial”. Then meet the needed endpoint and simply provide the search reference. Make the API call by pressing the button “test endpoint” and see the results on display. The AI will process and retrieve an accurate report using this data.
Cities Cost Of Living And Average Prices API examines the input and processes the request using the resources available (AI and ML). In no time at all the application will retrieve an accurate response, daily updated.
If the input is Austin, TX, United States, the retrieved information will include CoL per month for a couple with average consumption drawn from a list of basic expenses like beverages, food, restaurant prices, education, clothing, and estate (both rental and purchase). The following is an extract of the response, which will look like this:
{"Version":1,"Country Name":"United States","City Name":"Austin Tx","Cost of Living Month Total":"1171.41","Currency":"USD","Note":"Total cost of living in Austin for two person with average consumption for one month will be 1171.41 USD, no rent price included","Status":200,"Success":true,"Restaurants prices":[{"Cost":"Meal in Inexpensive Restaurant","Value":"15.00"},{"Cost":"Meal for 2 People, Mid-range Restaurant, Three-course","Value":"50.00"},{"Cost":"McMeal at McDonalds or Alternative Combo Meal","Value":"7.50"},{"Cost":"Domestic Beer, 0.5 liter Draught","Value":"4.00"},{"Cost":"Imported Beer, 0.33 liter Bottle","Value":"6.00"},{"Cost":"Cappuccino","Value":"3.95"}{"Cost":"Mortgage Interest Rate in Percentages for 20 Years Fixed-Rate, Yearly, Fixed-Rate","Value":"3.78 %"}],"Childcare prices":[{"Cost":"Private Preschool or Kindergarten, Monthly for 1 Child","Value":"991.06"},{"Cost":"International Primary School, Yearly for 1 Child","Value":"17,000.00"}],"Clothing And Shoes prices":[{"Cost":"Pair of Jeans in a Chain Store Like George, H&M, Zara, etc.","Value":"38.60"},{"Cost":"Summer Dress in a Chain Store Like George, H&M, Zara, etc.","Value":"35.48"},{"Cost":"Pair of Running Shoes, Mid-Range Price","Value":"76.09"},{"Cost":"Pair of Leather Business Shoes","Value":"89.92"}],"Rent Per Month prices":[{"Cost":"One bedroom apartment in city centre","Value":"1,703.34"},{"Cost":"One bedroom apartment outside of city centre","Value":"1,091.27"},{"Cost":"Three bedroom apartment in city centre","Value":"3,119.23"},{"Cost":"Three bedroom apartment outside of city centre","Value":"1,848.89"}],"Buy Apartment prices":[{"Cost":"Price per m2 to Buy Apartment in City Center","Value":"4,366.88"},{"Cost":"Price per m2 to Buy Apartment Outside of City Center","Value":"2,026.72"}]}