To the original poster, jkain08, and anyone else comparing cost of living at schools, here's a tip I'm using (I'm also applying this summer); it's mildly complicated but you get worthwhile quantitative data, so bear with me:
If you ask people at any school or do a craigslist search for apartments, you'll get simply anecdotal evidence based on "a friend paying $X rent for X BRs in X part of town." Case in point: the SUNY folks who can't seem to agree on NYC rents. Same for CL ads: you can get an idea of rents, but it may be skewed depending on which ads you've chosen in your research. And we all know how poorly online pics portray the actual apartment.
Fortunately, the gov't has already done the work for you. The bean counters in D.C. calculate cost of living in every zip code in America (and overseas locality, too) because that cost is tied to how much they pay to military members and federal employees who live there.
This money is meant to cover rent/mortgage and utilities (so don't use this value simply as a gauge of rent alone). Being in the Navy, I get more monthly Basic Allowance for Housing (BAH) if I'm stationed in an expensive urban area (NYC, Chicago) than if I were stationed in rural South Dakota.
So how do you get this data?
1) Go to
http://www.defensetravel.dod.mil/site/bahCalc.cfm and use what is called the BAH Calculator.
2) Use Year "2012" (you can check past years since these change annually to see if an area has become more or less expensive, but that's probably not too important for you).
3) Type in the zip code of the school(s) you're interested in.
4) For paygrade, this is where it gets tricky if you're not familiar with military ranks. (Quick version: E stands for Enlisted, O stands for Officer; Officers outrank Enlisted.)
Whatever you do, use the same paygrade when querying every zip code's BAH. Doing so will give you an "apples to apples" comparison. For someone just finished with college (presumably like yourself), I recommend using the paygrade "E-4."
5) The results will give you two values: "E-4 with Dependents" (what you would get if married) and "E-4 without Dependents" (BAH rate if Single). Why the difference? If you're married then you need bigger apt/house, and thus need more BAH. Use the appropriate value.
Example: Here are some values I quickly checked.
Indiana (zip 47405)---BAH rate for E-4 who is Single: $762.
Boston (zip 02115)---BAH rate for E-4 who is Single: $1680.
So while everybody knows Boston is A LOT more expensive than Indiana, this method gives you a quantitative comparison. How much more expensive is Boston than Indiana? Roughly 2.2x more expensive (or 1680/762).
I hope this helps you in your research. You may find that some places are cheaper to live than you would have guessed, and vice versa. I also still recommend canvassing CL for rental ads to see what kind of place you could get in the range of these BAH rates.