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Ronnie Dunn - Cost Of Livin
Ronnie Dunn - Cost Of Livin'
Published: 2011/07/26
Channel: RonnieDunnVEVO
Jamey Johnson - High Cost of Living - Music Video - Clifton Collins Jr.
Jamey Johnson - High Cost of Living - Music Video - Clifton Collins Jr.
Published: 2010/01/22
Channel: Clifton Collins, Jr.
Jamey Johnson - High Cost of Living
Jamey Johnson - High Cost of Living
Published: 2009/03/11
Channel: timmyovideos
VIETNAM COST OF LIVING + THAILAND COMPARISON | Hoi An or Chiang Mai | Digital Nomad
VIETNAM COST OF LIVING + THAILAND COMPARISON | Hoi An or Chiang Mai | Digital Nomad
Published: 2017/10/23
Channel: Daneger and Stacey
Cost of Living in SINGAPORE
Cost of Living in SINGAPORE
Published: 2017/04/19
Channel: Ihana Pön
Cost Of Living In Tokyo (MY RENT & EXPENSES)
Cost Of Living In Tokyo (MY RENT & EXPENSES)
Published: 2017/07/29
Channel: Steve Ronin
Cost Of Living In America Today Vs. 1980
Cost Of Living In America Today Vs. 1980
Published: 2015/07/20
Channel: AJ+
Ronnie Dunn Cost Of Living With Lyrics
Ronnie Dunn Cost Of Living With Lyrics
Published: 2011/08/23
Channel: Jdub22722
LIVING UNDER $600 IN THAILAND | CHIANG MAI COST OF LIVING GUIDE
LIVING UNDER $600 IN THAILAND | CHIANG MAI COST OF LIVING GUIDE
Published: 2017/02/24
Channel: Chris the Freelancer
💰COST OF LIVING IN PORTUGAL 🇵🇹 - INTERVIEW - OUR BUDGET 💶
💰COST OF LIVING IN PORTUGAL 🇵🇹 - INTERVIEW - OUR BUDGET 💶
Published: 2017/08/12
Channel: Eight Miles from Home
Vietnam Cost Of Living: Food (Prices Included)
Vietnam Cost Of Living: Food (Prices Included)
Published: 2017/08/17
Channel: Alex Stevenson
Cost of living in Canada - Groceries That We Buy & Prices
Cost of living in Canada - Groceries That We Buy & Prices
Published: 2017/09/20
Channel: Life In Canada
What
What's the Real Cost of Living?
Published: 2012/02/17
Channel: Wall Street Journal
Cost of Living in Mexico: Shopping at Costco...Again // Life in Puerto Vallarta Vlog
Cost of Living in Mexico: Shopping at Costco...Again // Life in Puerto Vallarta Vlog
Published: 2017/07/28
Channel: Kinetic Kennons
Cost Of Living In Medellin, Colombia " Tourist Guide"
Cost Of Living In Medellin, Colombia " Tourist Guide"
Published: 2016/10/01
Channel: PassportHeavy
MONTHLY COST OF LIVING IN THE PHILIPPINES 2017 /ANGELES CITY- FAMILY OF THREE
MONTHLY COST OF LIVING IN THE PHILIPPINES 2017 /ANGELES CITY- FAMILY OF THREE
Published: 2017/08/31
Channel: PhillyinthePhilippines
COST OF LIVING IN NEW YORK CITY - DAILY
COST OF LIVING IN NEW YORK CITY - DAILY
Published: 2017/09/01
Channel: Tar Mar
COST OF LIVING in AUSTRALIA | Australia Food Prices
COST OF LIVING in AUSTRALIA | Australia Food Prices
Published: 2017/03/18
Channel: April Tandy
The cost of living in Mexico City
The cost of living in Mexico City
Published: 2017/09/05
Channel: Marcello Arrambide
Q&A | What
Q&A | What's the Cost of Living in England?
Published: 2017/09/12
Channel: Adventures and Naps
Cost of living in Chicago
Cost of living in Chicago
Published: 2017/09/04
Channel: costoflivingin
Colorado
Colorado's climbing cost of living
Published: 2017/06/10
Channel: Denver7 – The Denver Channel
the average cost of living in the united states of america 2017
the average cost of living in the united states of america 2017
Published: 2017/03/11
Channel: Cost of living USA
Mar 2017: Cost of Living in the Philippines
Mar 2017: Cost of Living in the Philippines
Published: 2017/04/06
Channel: My PI Dream
Extremely Low Cost of Living in India, Visit India 27
Extremely Low Cost of Living in India, Visit India 27
Published: 2016/12/19
Channel: AV Daniel Violin
Toronto
Toronto's Cost of Living
Published: 2017/04/21
Channel: GlobalGFX
Cost of living in Japan
Cost of living in Japan
Published: 2016/11/17
Channel: Japanese Journey
Cost of living in China | A breakdown of our actual monthly expenses in Harbin
Cost of living in China | A breakdown of our actual monthly expenses in Harbin
Published: 2017/08/09
Channel: Clockwork Lemon
COST OF LIVING IN COLOMBIA
COST OF LIVING IN COLOMBIA
Published: 2016/12/14
Channel: Zen Dude Fitness
Cost of Living in Japan: Groceries and Eating Out!!
Cost of Living in Japan: Groceries and Eating Out!!
Published: 2016/10/13
Channel: Chad Zimmerman
COST OF LIVING IN THE PHILIPPINES; THE REAL COST (June, 2016) - Philippines Expat Vlog #51
COST OF LIVING IN THE PHILIPPINES; THE REAL COST (June, 2016) - Philippines Expat Vlog #51
Published: 2016/07/13
Channel: SezStyle
COST OF LIVING IN THE PHILIPPINES, 4 MONTH AVERAGE
COST OF LIVING IN THE PHILIPPINES, 4 MONTH AVERAGE
Published: 2017/05/15
Channel: Amazing Philippines
What is the Cost of Living in Canada? Are you planning to move to Canada?
What is the Cost of Living in Canada? Are you planning to move to Canada?
Published: 2016/11/06
Channel: Anudeep Kambhampati
Van Life 1 Month Cost of Living
Van Life 1 Month Cost of Living
Published: 2017/07/04
Channel: The Vantasy Life
London Cost Of Living 2017
London Cost Of Living 2017
Published: 2016/06/26
Channel: Harbir Singh
Spotlight: Cost of living issues overshadow Budget 2018
Spotlight: Cost of living issues overshadow Budget 2018
Published: 2017/10/20
Channel: The Star Online
Cost of Living in Chiang Mai - Living Cheap in Thailand
Cost of Living in Chiang Mai - Living Cheap in Thailand
Published: 2016/12/21
Channel: Brett Dev
Downtown Boys - Cost of Living [FULL ALBUM STREAM]
Downtown Boys - Cost of Living [FULL ALBUM STREAM]
Published: 2017/08/14
Channel: Sub Pop
Cost of Living in Vietnam - How much money do you need to to live in Vietnam?
Cost of Living in Vietnam - How much money do you need to to live in Vietnam?
Published: 2015/04/20
Channel: Alex Fortin TV
Bali Indonesia 4k " Cost of Living "
Bali Indonesia 4k " Cost of Living "
Published: 2017/06/04
Channel: PassportHeavy
Apartment Tour // Cost of Living in Mexico!
Apartment Tour // Cost of Living in Mexico!
Published: 2016/08/17
Channel: Travellight
Cost Of Living In Thailand || $350 / MONTH » Minimalist Travel
Cost Of Living In Thailand || $350 / MONTH » Minimalist Travel
Published: 2017/07/04
Channel: Strawberry Elli
Cost of Living in Cali, Colombia - The Cheapest Big City in Colombia?
Cost of Living in Cali, Colombia - The Cheapest Big City in Colombia?
Published: 2017/07/07
Channel: Nomadic Hustle
Korean Grocery Haul for Under $100 | Cost of Living in Korea
Korean Grocery Haul for Under $100 | Cost of Living in Korea
Published: 2016/04/16
Channel: Fancy Nancy TV
💲 Cost of Living Spain 💲 Inside a Spanish Supermarket 2017- Family Vloggers
💲 Cost of Living Spain 💲 Inside a Spanish Supermarket 2017- Family Vloggers
Published: 2017/04/11
Channel: 3 Cases, 2 Kids, 1 Car.
Measuring the Cost of Living
Measuring the Cost of Living
Published: 2015/09/16
Channel: ageconjon
Cost of living in Norway 2016
Cost of living in Norway 2016
Published: 2016/10/22
Channel: Felicia zoe
The Cost Of Basic Food Items In Finland | Cost Of Living In Finland
The Cost Of Basic Food Items In Finland | Cost Of Living In Finland
Published: 2017/02/14
Channel: Olivia Brownie
Cost of Living in the Philippines for a Year ✅
Cost of Living in the Philippines for a Year ✅
Published: 2017/02/04
Channel: Chris in Cebu
Cost of Living in the Dominican Republic - How Much is Rent in Santo Domingo?
Cost of Living in the Dominican Republic - How Much is Rent in Santo Domingo?
Published: 2017/07/28
Channel: Tu y Yo
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WIKIPEDIA ARTICLE

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Protests in Aysén due to the high cost of living in Patagonia

Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time are often operationalized in a cost of living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can also be measured in terms of purchasing power parity rates.

Cost-of-living adjustment (COLA)[edit]

Employment contracts, pension benefits, and government entitlements such as Social Security can be tied to a cost-of-living index, typically to the consumer price index (CPI). A COLA adjusts salaries based on changes in a cost-of-living index. Salaries are typically adjusted annually. They may also be tied to a cost-of-living index that varies by geographic location if the employee moves. In this later case, the expatriate employee will likely see only the discretionary income part of their salary indexed by a differential CPI between the new and old employment locations, leaving the non-discretionary part of the salary (e.g., mortgage payments, insurance, car payments) unmodified.

Annual escalation clauses in employment contracts can specify retroactive or future percentage increases in worker pay which are not tied to any index. These negotiated increases in pay are colloquially referred to as cost-of-living adjustments or cost-of-living increases because of their similarity to increases tied to externally determined indexes. Cost-of-living allowance is equal to the nominal interest minus the real interest rate.

CPI[edit]

When cost-of-living adjustments, negotiated wage settlements and budgetary increases exceed CPI, media reports frequently compare the two without consideration of the pertinent tax code. However, CPI is based on the retail pricing of a basket of goods and services. Most purchases of that same basket require the use of after-tax dollars—dollars that were often subject to the highest marginal tax rate. Consequently, the COLA will necessarily have to exceed the CPI inflation rate to maintain purchasing power.[citation needed]

The widely recognized problem known as bracket-creep can also occur in countries where the marginal tax brackets themselves are not indexed—COLA increases simply place more dollars into higher tax rate brackets. (Only under a flat tax system would a percentage gain on gross income translate into a comparable inflation-offsetting gain at the after-tax level.)

Some salaries and pensions in the United States with a COLA (they vary by type) include:

Pensions in Canada with a COLA include:

Worldwide Cost of Living Survey[edit]

The Economist Intelligence Unit produces a semi-annual (twice yearly) worldwide cost of living survey that compares more than 400 individual prices across 160 products and services. They include food, drink, clothing, household supplies and personal care items, home rents, transport, utility bills, private schools, domestic help and recreational costs.

The survey itself is an internet tool designed to calculate cost-of-living allowances and build compensation packages for corporate executives maintaining a western lifestyle. The survey incorporates easy-to-understand comparative cost of living indices between cities. The survey allows city-to-city comparisons, but for the purpose of this report all cities are compared to a base city of New York City, which has an index set at 100. The survey has been carried out for more than 30 years.

The most recent survey was published in March 2017. Singapore remains the most expensive city in the world for the fourth year running, in a rare occurrence where the entire top five most expensive cities were unchanged from the year prior.[2] Sydney and Melbourne have both cemented their positions as top-ten staples, with Sydney becoming the fifth most expensive, and Melbourne becoming the sixth. Asia is home to more than five most expensive cities in the top twenty but also home to eight cheapest cities of the cheapest ten.

Other uses[edit]

Stipends or extra pay provided to employees who are being temporarily relocated may also be called cost-of-living adjustments or cost-of-living allowances. Such adjustments are intended to offset changes in welfare due to geographic differences in the cost of living. Such adjustments might more accurately be described as a per diem allowance or tied to a specific item, as with housing allowances. Employees who are being permanently relocated are less likely to receive such allowances, but may receive a base salary adjustment to reflect local market conditions.

A cost-of-living allowance is frequently given to members of the U.S. military stationed at overseas bases if the area to which a service member is assigned has a higher cost of living than the average area in the United States. For example, service members stationed in Japan receive a cost of living allowance of between $300 and $700 per month (depending on pay grade, years of service, and number of dependents), in addition to their base pay. This additional pay is non-taxable.

See also[edit]

Specific:

References[edit]

  1. ^ a b Flanagan, Tammy (2006-09-08). "COLA Wars". National Journal Group. Retrieved 2008-09-23. 
  2. ^ "Singapore Maintains Top Spot as World's Costliest City". Bloomberg. 2015-03-03. 

External links[edit]

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