“There are millions of individuals all over the world who receive a high salary; however, receiving a high salary does not necessarily mean having more money. In reality, the higher the income received by a person, the more expenses a person has. This is a natural consequence since a person that has more disposable income often acquires more things to maintain a certain standard of living.
Primarily, one of the biggest factors that affect cost of living is place of residence since a certain city or state differs in terms of cost of living. Even countries like Japan register a high cost of living making Tokyo as one of the most expensive cities in the world. If one is interested in knowing the different cost of living , it is highly-recommended to check cnn money cost of living.