Should I Move To A Lower Cost Of Living Area?

Quite simply, cost of living (COL) is what you pay to cover the basics to live such as housing, food, utilities, etc. Since it’s not your imagination and it really does cost more to live now than it did for previous generations, would it make sense for you to move to a lower cost of living area?

Even though COL has risen across the board, it still varies widely from city to city, both within the United States and abroad.

For example, within the United States, the Northeast region and West Coast are known for being particularly expensive, while the South and Midwest regions are noted for being more affordable.

Outside of the United States, Switzerland, and the Asian nations are home to some of the most expensive cities to live in, while countries like Mexico and the Philippines have cities with a lower COL.

Living in the United States? Here’s a great cost of living calculator to see how your current city stacks up against others in the nation.

Living outside of the United States or considering becoming an expatriate? Try this calculator.

Relocating to Save Money?

As you’re working to get ahead financially, you may wonder if relocating to a lower cost of living area is right for you. Unfortunately…