Why does it matter if you live in a high cost of living (HCOL) vs. a low cost of living (LCOL) area? With the rise of remote work, the proximity of family and the price of everything from gas to a gallon of milk on people&apos;s minds, it can matter a lot. But just because you can afford a mansion in West Virginia doesn&apos;t mean you should move there right away. In this episode we talk about what you really want out of the place you&apos;re going to live, why it makes sense to put down roots when you have a family, and how you can use living in a HCOL area to your advantage.<br/><br/><a href='https://www.whitecoatinvestor.com/what-is-an-hcol-vhcol-lcol/#:~:text=High%20Cost%20of%20Living%20(HCOL,the%20dollar%20will%20stretch%20less.'>What is HCOL, VHCOL and LCOL?</a> by the White Coat Investor<br/><a href='https://worldpopulationreview.com/state-rankings/cost-of-living-index-by-state'>Cost of Living Index by State</a><br/><a href='https://www.nerdwallet.com/cost-of-living-calculator'>Cost of Living Calculator</a> by NerdWallet<br/><a href='https://www.census.gov/newsroom/press-releases/2022/people-working-from-home.html#:~:text=15%2C%202022%20%E2%80%93%20Between%202019%20and,by%20the%20U.S.%20Census%20Bureau.'>The Number of People Primarily working from home Tripled Between 2019 and 2021</a> by US Census<br/><a href='https://thehill.com/policy/technology/3862069-nearly-30-percent-of-work-remains-remote-as-workers-dig-in/'>Nearly 30 percent of work remains remote</a> by The Hill<br/><a href='https://www.pewresearch.org/short-reads/2022/05/18/more-than-half-of-americans-live-within-an-hour-of-extended-family/#:~:text=Overall%2C%2055%25%20of%20U.S.%20adults,some%20extended%20family%20(27%25).'>More than Half of Americans live within an hour of extended family</a> by Pew Research<br/><a href='https://www.forbes.com/advisor/mortgages/mortgage-interest-rates-forecast/'>Mortgage Rates Forecast for 2023</a> by Forbes<br/><a href='https://www.indeed.com/hire/c/info/cost-of-living-adjustment#:~:text=A%20cost%2Dof%2Dliving%20pay%20adjustment%20refers%20to%20an%20increase,are%20intended%20to%20offset%20inflation.'>Cost of Living Adjustments</a> by Indeed<hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>