People require a certain amount of money to live a standard of living by affording expenses which are necessary such as food, health care,and housing. The cost of living is generally compared with the costs incurred in living in one city with another city. The cost of living in cities is not easy. The money earned is majorly spent on housing as the quality of living is high in cities. Various factors affect the cost of living. The main factor is money spent on rental homes. People living in communities will save less amount due to their expenses. The paychecks earned are paid in the form of costs for housing, food,and other charges. The spending ability is dependent on the income earned per annum. Some communities can afford to spend their major part in the rental house while the other suffer to some extent due to the rental issues. Learn more about housing and rental property through https://www.derealtygroup.com /.
Factors determining cost of living: The national income establishes the standard of living in an area. Based on the federal income of a country the living standard is determined. The national income of the state must be high. Cost of living is determined by the