WHAT IS COST OF LIVING

Before moving to a new city you want to know how much it will cost to live there. “Cost of living” is the amount of money you need to maintain a certain lifestyle in a given place. The price of goods and services vary from one city to another, calculating the cost of living will help you determine how much more or less you need to make and help you factor in expenses.

The expenses that go in to determining cost of living include housing prices for renters or homeowners, housing affordability, entertainment costs, transportation expenses, food prices, and taxes.