There are many definitions and measures around the idea of cost of living, affordability and lifestyle. All of them share the premise that quality of life is lessened if the cost of living keeps a family constantly at the edge of their means.
Sustainability is concerned with balancing the costs and allocation of resources such that meeting one’s own basic needs is within reach of every member of a population.
Various Living Wage Calculations
The Living Wage Calculator was developed as part of the Living Wage Project, and is a companion to the Poverty in America website. Modeled after the Economic Policy Institute’s metropolitan living wage tool, it is designed to provide a minimum estimate of the cost of living for low wage families. The estimates do not reflect a middle class standard of living, but rather minimum cost thresholds.