The porter family is moving from baltimore, maryland, to san francisco, california. they would like to know what the difference will be in their family budget. how would you explain cost of living to them? (dumbed down version )

The Porter family should know that the cost of living in San Francisco is greater than the cost of living in Baltimore.

According to the recent statistics, the cost of living in Baltimore is about 40 percent lower than in San Francisco.

Also, it should be noted the Porter Family would have to earn quite more than they do in Baltimore before they can maintain the same standard of living.

Hence, supposing Porter's family is earning $50,000 in Baltimore, they would need about $89,000 to maintain the same lifestyle they lived in Baltimore.

Therefore, in this case, it is concluded that the cost of living in San Francisco, California is greater than the cost of living in Baltimore, Maryland.

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the interest will be $59.71

hope this