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Cost of living

Cost to maintain a standard of living / From Wikipedia, the free encyclopedia

Dear Wikiwand AI, let's keep it short, summarize this topic like I'm... Ten years old or a College student

Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time can be operationalized in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can be measured in terms of purchasing power parity rates.

2012 Aysén protests due to the high cost of living in Patagonia