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BOOK SUMMARY :

Numbeo is the worlds largest database of user contributed data about cities and countries worldwide numbeo provides current and timely information on world living conditions including cost of living housing indicators health care traffic crime and pollutioncost of living comparison economists consider mobility to be a good thing if people are willing and able to move they can relocate to take the jobs that are best suited to their skill sets understanding the cost of living in a given place helps you make an informed decision about the salary youll need to maintain the same standard of livingwhat is the cost of living index to calculate each citys price index value we start by assigning a value of 100 to a central reference city that happens to be prague once the reference point has been established the price index value of every other city in the database is calculated by comparing their cost of living to the cost of living cost of living is the cost of maintaining a certain standard of livingchanges in the cost of living over time are often operationalized in a cost of living indexcost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areascompare the cost of living in two cities using the cnnmoney cost of living calculator determine if you could maintain your current standard of living in a different city

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