Agree, it’s wildly simplistic. The variation in the cost of living is huge, even within pretty much extra state. In Modoc county, California, the median home price is $230k. I’m Santa Clara county it’s $1.5m. Taking an average across the country is useless unless you just want to show very gross change from one year to another, and even that might mask changes in different directions in different areas.
Agree, it’s wildly simplistic. The variation in the cost of living is huge, even within pretty much extra state. In Modoc county, California, the median home price is $230k. I’m Santa Clara county it’s $1.5m. Taking an average across the country is useless unless you just want to show very gross change from one year to another, and even that might mask changes in different directions in different areas.