Understanding the cost of living concept may be challenging because we do not often compare to different geographic locations and/or increases and decreases over the years.
A great way to apply this concept is by completing the Cost of Living survey for the area in which you live http://www.surveyonics.com/survey/cost-of-living-survey.aspx (Links to an external site.)Links to an extemal site. After taking the survey, below, what are some findings that were surprising?