Ordinary users need tools from developers that can ease down analysis processes. So developers will find the information herewith interesting to find a consistent basis for their developments.
In the early 1900s, New York City was the most expensive place to live in the United States, with an average cost of $8.50 per day. Today, living in New York City is expensive, but not nearly as expensive as it was in the early 1900s. These data can be drawn manually or automatically using a cost of living and average prices application.
The cost of living is a parameter that determines how much it costs to maintain a certain standard of living in a specific location. The cost of living is calculated by comparing the cost of goods and services in one location against those in another. The cost of living is also used to compare the standard of living in different locations around the world. Cities Cost Of Living And Average Prices API is the most recommendable tool for the purpose.
The API allows to make comparative analysis of the evolution of prices and life standards through the years. Likewise it`s useful to establish absolute rates between two cities or two countries. The application also allows to select a field of expenses for ulterior confrontation, as well as finding out which is the most expensive spot in a certain country.
The cost of living (COL) is the amount of money that is required to maintain a certain standard of living in a particular location. The COL is calculated by comparing the cost of goods and services across locations and then adjusting for differences in purchasing power.
This indicator is used to compare the cost of living between locations, as well as to compare the cost of living between two points in time. The COL is used by governments to determine how much public assistance or tax relief is required for individuals and families with low incomes. This API is great for pricing strategy development, product pricing analysis, and price comparison. It is also used by businesses to determine how much they will need to charge for their goods and services in order to be competitive in different markets.
The user can get information on average prices for comparative analysis, but also on other factors like:
- The average monthly rent for a shared flat.
- The average price per kilogram for a loaf of bread.
- The average price per gallon of gas.
- The average price per month of taxes.
How To Use The API
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.
What This API Receives And What It Provides (Input/Output)
This API will receive the city’s name (or an IP) and will provide you with all the information you need about it. All you need to get started is the city’s name or its IP address. You will be receiving things like: average living cost, food cost, rent cost, etc. 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.
If the input is Rome, Italy, then the response will include -for example- the cost of a fast food restaurant for 2 people, the loaf of fresh white bread, or white rice, indices to draw the cost of living in this Italian city. With such an ample range of expenses, the response will be thoroughly accurate and will look like this
{ "Version": 1, "Country Name": "Italy", "City Name": "Rome", "Cost of Living Month Total": "1482.41", "Currency": "USD", "Note": "Total cost of living in Rome for two person with average consumption for one month will be 1482.41 USD, no rent price included", "Status": 200, "Success": true, "Restaurants prices": [ { "Cost": "Meal in Inexpensive Restaurant", "Value": "18.20" }, { "Cost": "Meal for 2 People, Mid-range Restaurant, Three-course", "Value": "72.78" }, { "Cost": "McMeal at McDonalds or Alternative Combo Meal", "Value": "9.70" }, { "Cost": "Domestic Beer, 0.5 liter Draught", "Value": "6.07" }, { "Cost": "Imported Beer, 0.33 liter Bottle", "Value": "5.58" }, { "Cost": "Cappuccino", "Value": "1.56" }, { "Cost": "Coca-Cola, 0.33 liter Bottle", "Value": "2.40" } ], "Markets prices": [ { "Cost": "Water, 0.33 liter Bottle", "Value": "1.37" }, { "Cost": "Milk, Regular,1 liter", "Value": "1.73" }, { "Cost": "Loaf of Fresh White Bread, 0.5 kg", "Value": "2.23" }, { "Cost": "White Rice, 1 kg", "Value": "2.85" }