Cost Of Living Calculator 2024 Mit. The cost of living calculator is best used to understand the average cost of living in an area. An analysis of the living wage (as calculated in december 2022 and reflecting a compensation being offered to an individual in 2023), compiling geographically specific expenditure data for food, childcare,.

The mit living wage calculator enables anyone to estimate the cost of living in a community or region and determine the hourly wage a worker in that. According to the mit living wage calculator, even in the cheapest california county (modoc), a single adult with no children would need to make at least.