Question

Explain how you would calculate the salary and benefits required to move from a place with an average cost of living to one with a cost of living index of 133 so that you could maintain your standard of living.

Answer 1

here are the factors

Cost of living data includes the expenses incurred for food, shelter, transportation, energy, clothing, education, healthcare, childcare, and entertainment. A cost of living index tracks how much basic expenses rise over time and among different regions.

here

How To Calculate Cost Of Living

Subtract the index of your current city from the index of the city you want to move to: 115.1 - 90.9 = 24.2.

Divide the resulting difference by the index of your current city: 24.2 ÷ 90.9 = 0.266.

Multiply the resulting quotient by 100 to get the percentage: 0.266 x 100 = 26.6%