Radio Free Asia:
Cost of living.
Cost of living is the amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes and health care. Cost of living is often used to compare how expensive it is to live in one city versus another locale. Cost of living is tied to wages, as salary levels are measured against expenses required to maintain a basic standard of living throughout specific geographic regions. You also have to include factors like repairs and luxuries. One of the most paid for repairs are the plumbing problems so if you ever need assistance you should calls for services.
Read more: Cost of Living https://www.investopedia.com/terms/c/cost-of-living.asp#ixzz5IkkpItkf
Follow: Investopedia on Facebook