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Search "federal cost of living index" and find more than 700 million results pages on Google. Yet, few people know the meaning of the info.
To put it simply, the term refers to a system of calculating the varying cost of life's necessities over time, and from one geographical region to another.
This information is designed to give us some idea of how a state compares to other states, in terms of the expenses involved in residing there. Certain economic factors, like state sales tax for instance, don't correlate too strongly with data shown on the cost of living index.
Cost of living most commonly refers to the cost of food, utilities, transportation, retail items and professional services.
Visit FEDERAL COST OF LIVING INDEX to obtain a state by state measure of living expenses for area residents, as compared to living expenses in other states, and to the national average. This page also provides helpful info on average housing costs in every U.S. state.
PERSONAL INCOME BY STATE shows your state's minimum wage and other income demographics. This page also provides a free printable resume template.
POVERTY STATS provides a list of the percentage of people in each state who are said to be living below the poverty line.
UNEMPLOYMENT gives current unemployment statistics for every U.S. state.
SALES TAX shows a list of states, and the basic sales tax rate for each state.
USA JOBS is a page of useful web addresses containing various job descriptions, along with ways to apply online.
Just for fun, visit STATE QUARTERS for a descriptive list of the only set of state-specific coins ever minted in the United States.
The United States economy has been the world's largest national economy since the 1870s.
The country's total income in 2010 was estimated at 14.7 trillion dollars. Roughly thirteen percent of it comes from foreign investments.
America's main economic industries are petroleum, steel, automotive, aerospace, telecommunications, chemicals, creative industries, electronics, food processing, consumer goods, lumber, mining and defense.
Click on any of the links on this page to make your own assessments about the United States economy. For further information, visit the U.S. Census Bureau website or the U.S. Bureau of Labor Statistics.
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