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What are cost of living calculations?

Cost of living calculations are based on various key necessities and expenses. These include: Housing is considered a necessity, an essential cost of living that cannot be avoided. This expense may be a mortgage or rent, and it is typically the single biggest expense for consumers.

Why should you use a cost of Living Calculator?

Cost of living calculators are useful in comparing the expenses associated with different cities or regions. Expenses can vary dramatically from place to place, especially as inflation continues to impact the economy and housing market. Bankrate’s cost of living calculator can help you understand the disparities between two metro areas.

What expenses are included in a cost of Living Calculator?

Expenses typically factored into cost of living calculations include housing, food and taxes. It may also include such expenses as transportation, health care, entertainment and education. Cost of living calculators are useful in comparing the expenses associated with different cities or regions.

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