Cost of living

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Cost of living is the amount of money needed to buy a standard amount of consumer goods and services. Needs of individual persons and families vary. Everyone needs food, clothing, and shelter, but wants go beyond these bare necessities. The cost of living includes the cost of transportation, reading, recreation, rent, electric power, gas, fuel, home furnishings, medical and personal care, taxes, and many other things.

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Cost of living

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