Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Do the data show cost-of-living differences among areas?

0
Posted

Do the data show cost-of-living differences among areas?

0

No. The Consumer Expenditure Survey data in published tables show average expenditures and incomes of consumer units. The expenditure levels may vary across areas for a number of reasons. These include demographic and economic differences in age levels, income levels, size of consumer units, tastes, and personal preferences. A commonly used method of comparing the cost of living among areas involves developing an estimate of the cost of a similar bundle of goods and services for each area. The Consumer Expenditure Survey makes no attempt to measure the cost of a standard bundle of goods and services, but instead provides actual expenditure levels of consumer units.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123