Cost Of Living Calculator 2024 Mit. The mit living wage calculator lets you figure out how much is “enough” to live in your county by comparing the living wage—based on the barebones cost of housing, food, transportation, and child and health care—against the poverty wage and the minimum wage. Housing, internet & mobile, transportation, and other necessities.
The tool helps individuals, communities, and employers determine a local wage rate that allows residents to meet minimum standards of living. The cost of living calculator is best used to understand the average cost of living in an area.
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