Why are there significant disparities in the cost of living throughout the US?
Unfortunately, I am somewhat lost on this one. I cannot think of one definitive answer to this question. I would think the lack of industry would play an important part in regional differences. Poor education such as that in Louisianna would be a major factor that hinders the economy in that state. Another reason may be few jobs for a lot of people or vice-versa. I believe the law of supply and demand comes into play, but I am not sure how. Can you help?© BrainMass Inc. brainmass.com March 4, 2021, 6:26 pm ad1c9bdddf
There are many reasons for disparities in cost of living throughout the US. Some of them are as follows:
1. Some areas are deemed more desireable than others in terms of climate. For example, San Diego has a much more hospitable climate than Fargo, North Dakota. As a result, more people would choose to live in San Diego. A higher demand to ...