Shops and businesses are concerned on creating strategies that will help them reach more customers and increase their profits. Interested in statistics, they surely demand from developers to devise tools that can bring them data in no time.
To know the cost of living and average prices is a key as it allows companies to have a better understanding of how much people are spending on goods and services in different cities. This will help owners to improve the customer experience and augment their commercial strategies.
The cost of living is a measure drawn from a statistics report of the cost and price of a number of symptomatic items. It is used by governments and economists to compare the cost of living in different cities or countries. The cost of living is usually measured using a cost of living index, which compares the cost of basic goods and services (such as food, housing, and transportation) in different locations. The Cities Cost Of Living And Average Prices API is an automated tool to draw this data with accuracy and ease-of-use.
This API is software for companies that want to expand their business to other cities, for example. This way they can forcast costs and expenses in the aspired location. This can be very useful for marketing strategies, since if they know how much income people have in different cities, they can better adapt their marketing strategies and pricing to them.
With this information, business owners can get the average price for items like rent, food, utilities and transportation. This statistics includes specific products, such as rent for apartments or monthly internet bills. This way one has all the information one needs at one´s fingertips.
This API is very easy to use. All you need to do is sign up for an account with Zyla Labs. After that, you can use the API without charge for up to 100 queries per month. You will receive a unique API access key after signing up; this key will allow you to make calls to the API endpoint. It`s daily updated by Numbeo that is an efficient website that provides information on cities all over the world.
The Cities Cost Of Living and Average Prices API offers four endpoints: Get Countries, Get cities By Country, Get Cost Of Living By Country, Get Cost Of Living By City. This tool will provide information such as: The city’s living cost index (which measures how expensive it is to live in a particular city); the average costs of goods and services (including food, housing, transportation, utilities, etc.), and the purchasing power (which measures how much money a set amount can buy in any given city).
How Does The Cities Cost Of Living And Average Prices API Work?
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.
The user can also subscribe to one of the paid plans if they need more than 100 queries per month. They offer a Basic plan that includes 1000 queries per month for $24.99 USD; a Pro plan that includes 5000 queries per month for $49.99 USD; and a ProPlus plan that includes 10,000 queries per month for $99.99 USD.
With this API users can get all the information they need about cities´ prices in just a few seconds. Here are some examples: If you want to know how much it costs to live in New York City, type nyc into the search bar and select it from the list that appears. Then click on “Rent” under “Living Costs” and choose “Average Rent” from the list that appears below. You can get a list of products with their respective prices by typing “iphone xs max 64gb” into the search bar and selecting it from the list that appears. Then click on “Average Price” under “Product Prices” and choose “iPhone XS Max 64GB” from the list that appears below.
If the input is New York City, United States, the API will retrieve a thorough reports with a long list of items to consider when drawing the CoL in that city. It´s a comprehensive statistics that includes headings like basic food and beverage prices, as well as the cost of fuel, transportation, education, house rental, house prices, etc. This is only an extract of the response:
{"Cost":"Taxi, price for 1 hour Waiting, Normal Tariff","Value":"29.00"},{"Cost":"Gasoline, 1 liter","Value":"0.53"},{"Cost":"Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)","Value":"21,422.50"}],"Utilities Per Month prices":[{"Cost":"Basic utilities for 85m2 Apartment including Electricity, Heating or Cooling, Water and Garbage","Value":"140.86"},{"Cost":"Prepaid Mobile Tariff Local, price per 1 min, No Discounts or Plans","Value":"0.09"},{"Cost":"Internet, 60 Mbps or More, Unlimited Data, Cable\/ADSL","Value":"62.61"}],"Sports And Leisure prices":[{"Cost":"Fitness Club, Monthly Fee for 1 Adult","Value":"37.93"},{"Cost":"Tennis Court Rent, 1 Hour on Weekend","Value":"7.86"}],"Salaries And Financing prices":[{"Cost":"Cinema ticket, 1 Seat","Value":"12.00"},{"Cost":"Average Monthly Net Salary, After Tax","Value":"4,477.92"},{"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"}]}