What Is Relative Cost of Living?

Monetary performance of residents' consumption materials and services. The living expenses of families in rural areas are mainly food (grain, non-staple food, pastry, tobacco, wine, tea and other beverages), clothing, daily necessities, recreational supplies, newspapers, medicines and medical supplies, fuel, other goods and services (rental, Loyalty fees, tuition and fees, childcare, post and telecommunications, transportation, cultural and entertainment expenses, etc.). Generally speaking, the quantity and structure of living expenses reflect the actual consumption level of the family. ^[1]