Chart: What's The Cost of Living In Your Community?

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Sep 25, 2017
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Chart of the Week, Budgeting, Question of the Day

Another great interactive map from Visual Capitalist (CEO Jeff Desjardins recently appeared on NGPF podcast) showing the relative value of $100 in communities across the U.S. (go directly to the map on the website which will allow you to scroll over to get information on your specific metro areas):

 

Questions:

  • Which states/regions seem to have lowest cost of living (where $100 is worth the most)? 
  • Which states/regions seem to have highest cost of living (where $100 is worth the least)?
  • What do you think is the relationship between cost of living and salaries? Would you expect that people earn more/less in salary in region with low cost of living? Why?
  • Will the cost of living in a given city/state affect where you want to settle after school?

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Check out the NGPF lesson on Cost of Living in our Budgeting Unit

 

 

 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.