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Name______________________ ??Date ____________ ?Class Period _______Cost of Living ComparisonThe phrase “cost of living” refers to how much it costs to have the basic necessities of life (housing, food, transportation, utilities). These amounts differ depending on where you live in the country. A three bedroom house in St. George, Ut costs a different amount than the same size house in San Diego, CA. A salary of $50,000 per year may allow you to live comfortably in Cedar City, but the same salary will barely allow you to scrape by in New York City. Recently the notion of what is considered a “livable wage” has been hotly debated. Many are using cost of living information to lobby for an increase in minimum wages around the country to make them more comparable to costs of living.In assignment you are going to compare the cost of living in three locations around the United States. You will use a “Living Wage Calculator” developed by people at MIT.Go to . Complete the following chart for St. George, UT. (Click on Utah, then scroll down to “Metropolitan Statistical Areas”.Choose two other states (each one must be different) and choose one city (from the list of Metropolitan Statistical Areas) in each state to complete the rest of the chart.In the table titled “Typical Annual Salaries” find the job that most closely matches the one you chose for your Job Application Project and write down the Annual Salary.Go to and find a house rental listing for an average size house (3 bedroom, 2 bathroom, 1500-2000 sq. ft.) in each of the three cities you used for the chart.For columns 2-5 use “2 Adults (1 working) 3 Children”LocationLiving Hourly wage Housing CostFood CostTransport-ationAnnual SalaryMonthly Rent for Average size houseYearly Rent (monthly rent x 12) ................
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