OVERVIEW
Cost of living is how expensive is it to live in one location compared to another location. By looking at the average cost of expenses like your rent, groceries, restaurant prices, etc…
Websites and services then turn this into one or several number so you can easily compare the cost of living between different locations. These are really interesting when you are comparing your current wage with the current cost of living compared to the wage and cost of living from your potential next location.
This allows you to determine how much is going to be left over at the end of the month and gives you a feeling for how much more you can use to live from and allow you to save, putting you in a better position for the future.
MAIN FACTORS
When talking about cost of living and what that means, it means all the common expenses you would have to occur to live in another country or location. here are the most common ones
- 📍 Rent (Base rent, heating, electricity bills)
- 📍 Food (shopping in your local supermarket)
- 📍 Gas (getting around by car)
- 📍 Property prices
- 📍 Local Transportation
- 📍 Internet costs
Below you can find some amazing resources where you can compare different locations between each other and get an estimation.
⚠️️ Make sure to always do your own research on top of this, prices for things can highly fluctuate based on specific locations and recent price changes. So always take these prices with a grain of salt and do your own research. ⚠️️
