Cost Of Living Calculator 2024 Mit. The mit living wage calculator lets you figure out how much is “enough” to live in your county by comparing the living wage—based on the barebones cost of housing, food, transportation, and child and. Using a cost of living calculator allows you to view specific costs that matter to you — for example, if you have children, costs like baby food, diapers and child care.

This calculator allows you to compare the cost of living in different locations. The first point is that costs went up across several of the elements of the tool.