Full Citation

Title: Relationship between Income and Cost of Living in US Cities

Citation Type: Working Paper

Publication Year: 2022

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Abstract: This paper examines the relationship between the cost of living and median household income. The hypothesis is that there is a positive correlation between the two variables, where the median income is higher in areas with a higher cost of living. Variables such as water, electricity, energy, and rent were utilized in order to obtain a well-rounded cost of living factor and then compared to the median household income. Evidence suggests this hypothesis to a certain extent. While there is a positive correlation, the increases are not simultaneous.

Url: https://smartech.gatech.edu/handle/1853/69958

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Authors: Surani, Aamir; Young, John Michael

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Publication Number: 138

Institution: Econometric Analysis Undergraduate Research Papers

Pages: 1-21

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Data Collections: IPUMS USA

Topics: Housing and Segregation, Poverty and Welfare

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