Journal 3/14/2016 As you come into class please get a Tablet from the cart. What is cost-of-living? How is geography related to the cost-of-living? How is income related to cost-of-living?
Cost of living The average cost of the necessities of life in a given area
What affects cost of living? Geographic area Coastal areas tend to be more expensive than inland Proximity to needs (water, food, fuel) The farther away from goods and services, the more they cost How many people live in an area Urban areas tend to be more expensive than rural areas
Cost of Living Calculator http://www.learnvest.com/knowledge-center/m-a- s-h-calculator-how-much-will-my-lifestyle-cost/ Answer the survey questions.
Cost of Living Worksheet