why is cost of living so different between countries and even between cities of the same country?
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Cost of living is, like everything in a free market economy, a function of supply and demand. Quite simply, the demand for housing in Manhattan is VERY different from the demand for housing in Boise, Idaho. This also means the supply of housing is different in the two cities, plus the cost of constructing new housing, hiring workers to build the new housing, buying construction materials for the new housing, etc. It’s all related and interconnected, but is a function of supply and demand.
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