The cost of living or (COL) varies from state to state and city to city and even from neighborhood to neighborhood. Some areas have seen housing costs decrease dramatically in the years since the housing bubble popped in 2008, while others have only fallen slightly. But the Cost of living is more than just housing costs it is the amount of money it will take to maintain the same standard of living in various places. Changes in the COL over time are often calculated via an index such as the CPI index that sets costs at a certain date at 100 and then recalculates costs at intervals. COL calculations are also used to compare the cost of maintaining a certain standard of living in different … [Read more...]
Cost of Living
Published on December 10, 2012 Updated on December 28, 2021 by Tim McMahon Leave a Comment