Map Graph
No coordinates found

Cost of living

Cost to maintain a standard of living

The cost of living is the cost of maintaining a certain standard of living for an individual or a household. Changes in the cost of living over time can be measured 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 the cost of living between locations can be measured in terms of purchasing power parity rates. A sharp rise in the cost of living can trigger a cost of living crisis, where purchasing power is lost and, for some people, their previous lifestyle is no longer affordable.

Read article
Top Questions
AI generated

List the top facts about Cost of living

Summarize this article

What is the single most intriguing fact about Cost of living?

Are there any controversies surrounding Cost of living?

More questions