• High Cost of Living vs. Low Cost of Living Areas

  • May 26 2023
  • Length: 17 mins
  • Podcast

High Cost of Living vs. Low Cost of Living Areas

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  • Summary

  • Why does it matter if you live in a high cost of living (HCOL) vs. a low cost of living (LCOL) area? With the rise of remote work, the proximity of family and the price of everything from gas to a gallon of milk on people's minds, it can matter a lot. But just because you can afford a mansion in West Virginia doesn't mean you should move there right away. In this episode we talk about what you really want out of the place you're going to live, why it makes sense to put down roots when you have a family, and how you can use living in a HCOL area to your advantage.

    What is HCOL, VHCOL and LCOL? by the White Coat Investor
    Cost of Living Index by State
    Cost of Living Calculator by NerdWallet
    The Number of People Primarily working from home Tripled Between 2019 and 2021 by US Census
    Nearly 30 percent of work remains remote by The Hill
    More than Half of Americans live within an hour of extended family by Pew Research
    Mortgage Rates Forecast for 2023 by Forbes
    Cost of Living Adjustments by Indeed

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