Is cost of living relative to average salary?

[Niyi Briggs]

The cost of living can be affected by many factors, including average salary. In general, areas with higher average salaries tend to have higher costs of living.

This is because people with higher incomes can afford to pay more for housing, food, and other expenses. However, it is important to note that there are many other factors that can affect the cost of living, such as the cost of goods and services, taxes, and housing availability.

 

[Shavkat]

There are some people who can live beyond their means. It is not a good way because they are just deceiving themselves and others.

 

[SHAHID987]

Cost of living markedly effected by average salary, I have seen so many people those who were happy in lower salaries but once they get jump in their salaries they increased their expenses so at the end of the month they started asking money from others.

 

[Starmix]

The cost of living at this time is at the extreme, so better live within the means to avoid accumulating debts that may be hard to pay. If the salary is small, then the family must live frugally or family members to earn online to augment their daily needs.

 

[flower]

The government will look at the cost of living and gauge the minimum salary that is to pay people for comfort.

 

[eldavis]

Indeed the amount of salaries you get tend affect your life style in general. There are lots of people who are seriously struggling to survive on just their salaries alone.

 

[IB D]

Your income would in no little measure affect how you plan and livw your life. For instance, people with low income can't afford to eat chicken every weekend in my country because their salaries can't afford that.

 

[Heatman]

There are some people who can live beyond their means. It is not a good way because they are just deceiving themselves and others.

There is no amount of salary that is been paid to anyone right now in the country with the way inflation is affecting everything that is going to be enough to take care of the persons expenses.

 

[Authenticity101]

The cost of living is greatly affected by the economy of a country. Especially the effect of taxes. When taxes go high, the cost of items rises and that raises the cost of living. The average salary only determines what you can afford to buy as an individual.

 

[Bisolami]

The cost of living can be affected by many factors, including average salary. In general, areas with higher average salaries tend to have higher costs of living.

This is because people with higher incomes can afford to pay more for housing, food, and other expenses. However, it is important to note that there are many other factors that can affect the cost of living, such as the cost of goods and services, taxes, and housing availability.

Things have become very expensive in the past few days but the money I am earning is still a big enough for me to survive but it will be very hard to save money
The economy now is not smiling at all

 

[Stardom22]

According to me the salary is never enough to satisfy the family and my needs at all.

 

[King Belieal]

When vendors perceive that people are paid higher, they feel the purchasing power is higher too and would always sell higher.