vhcol meaning | VHCOL Meaning

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vhcol meaning*******Very High Cost of Living (VHCOL) Defined. Sitting at the top are the most expensive places for average citizens. Commodities such as gas, food, and utilities will cost more than living in any other area in the country. New York City, San Francisco, and . What exactly is it? These indicators are acronyms that describe the cost of living, from low (LCOL) to very high (VHCOL). Different states, regions, and cities can be . VHCOL areas are regions where the expenses for housing, groceries, taxes, and general living costs exceed the national average significantly. Learn how VHCOL .Users share their opinions and sources on what determines very high cost of living (VHCOL), high cost of living (HCOL), medium cost of living (MCOL) and low cost of . MCOL is where you can buy a decent house for $600K. HCOL is a decent house for $1M and VHCOL is where you need to spend $2M to $3M for a decent house. .I would even consider breaking HCOL into high and very high. NYC, Seattle, the Bay area should be in a category all their own. Then other high-ish cost cities like Philadelphia, Chicago, Boston (maybe Boston should . VHCOL stands for Very High Cost of Living. It refers to locations where the overall cost of living is significantly higher than the national average, often exceeding . Simply put, HCOL means a high cost of living. This type of acronym is to describe certain areas or cities where expenses that impact your budget the most, such as housing, food, and transportation, are .

What is a VHCOL city? While there is no official definition of a VHCOL city, it’s safe to say that if your city is on the Top 100 list of the Cost of Living Index 2023, then you live in a . It stands for “high cost of living.” Similarly, we refer to cities like Cincinnati as LCOL, meaning “low cost of living.” An obvious way to reduce your living expenses is to move to a LCOL area. However, LCOL .Everyone uses the terms VHCOL, HCOL, MCOL and LCOL in the sub but it's not always 100% clear what those terms means. I thought it would be fun for everyone to put what cities/areas they consider to be in each of the buckets. . VHCOL: NYC/SF Bay Area. I honestly things these two are on a level of their own in the US. There's probably . HCOL is a decent house for $1M and VHCOL is where you need to spend $2M to $3M for a decent house. The sillier the market’s behavior, the greater the opportunity for the business like investor. Top. supalong52 . and I am living beneath my means - which means I don't have an expensive car or an expensive house and I don't shop .

"VHCOL" area is a tricky term since there are housing costs, and non housing costs. In many areas like that once you get a paid off house the rest of your cost of living does not need to be all that high unless you include things like owning a yacht and belonging to expensive country clubs.

The Meaning of HCOL and LCOL HCOL Definition. HCOL stands for “high cost of living” and the acronym is used to describe certain areas or cities. There is not a firm definition for a HCOL area, but generally speaking, .

vhcol meaning Yes, relative to the rest of the country, I think 133 is HCOL, though not VHCOL. Honestly, though, COL varies so much even within a city (especially within a large metropolitan area), that I think it is difficult to put a number on it. And whether you perceive a place as HCOL depends a lot on what you are used to.

I often read references to "HCOL" (high cost of living) areas as if it is well understood what that means. But how is that defined? . Dividing it into quintiles (e.g. VHCOL, HCOL, MCOL, LCOL, VLCOL) would put a finer point on it, but there's really no end to it. It's all subjective. The Sensible Steward. Top. HornedToad Posts: 1139

vhcol meaning VHCOL Meaning I often read references to "HCOL" (high cost of living) areas as if it is well understood what that means. But how is that defined? . Dividing it into quintiles (e.g. VHCOL, HCOL, MCOL, LCOL, VLCOL) would put a finer point on it, but there's really no end to it. It's all subjective. The Sensible Steward. Top. HornedToad Posts: 1139This page was last edited on 3 February 2024, at 05:23. Definitions and other text are available under the Creative Commons Attribution-ShareAlike License; additional .Examples: NFL, NASA, PSP, HIPAA,random Word(s) in meaning: chat "global warming" Postal codes: USA: 81657, Canada: T5A 0A7. Find out what any acronym, abbreviation, or initialism stands for. With more than 1,000,000 human-edited definitions, Acronym Finder is the world's largest and most comprehensive dictionary of acronyms, abbreviations, and .

Whether this means running an online business, being an online freelancer, or working remotely for a company, more people now work outside of an office than ever before. This means that you don’t necessarily need to live in a HCOL area just to earn a high income. Instead, you can earn a high income online and live in a LCOL area.

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The VHCOL vs HCOL conversation is just an exercise in snobbishness Any of these HCOL/VHCOL places can be swapped for one another and they’re more similar than different. Who cares if Seattle is slightly cheaper than Boston or SF or SD. You can live expensively in either with no ceiling and it’s very difficult to feel wealthy in either.

That makes sense! I added an edit to say that I was meaning a starter home. 3 bed 2 bath SFH, maybe a bit outdated, but doesn’t need serious work. Reply reply . MCOL is $200k-$400k, HCOL is $400k-$600k, and VHCOL is anything over that (to me).

I see no problem using housing in VHCOL areas as a major part of your retirement plan. Step-up basis for your heirs means that even if you reverse mortgage in retirement, whatever equity you have in the house is a very tax-efficient inheritance vehicle.

What is a VHCOL city? While there is no official definition of a VHCOL city, it’s safe to say that if your city is on the Top 100 list of the Cost of Living Index 2023, then you live in a VHCOL city. While VHCOL cities come with a number of benefits, living in a VHCOL city is often much more expensive than living elsewhere – as the name .

VHCOL Meaning What is a VHCOL city? While there is no official definition of a VHCOL city, it’s safe to say that if your city is on the Top 100 list of the Cost of Living Index 2023, then you live in a VHCOL city. While VHCOL cities come with a number of benefits, living in a VHCOL city is often much more expensive than living elsewhere – as the name .

You have to define VHCOL very, very narrowly to come to this conclusion. NYC is a top-10 CoL city globally, and LA, SF, and Honolulu are all roughly in the top 20. If you say there are only 5 VHCOL cities in the world, I guess your statement might be true, but that's kind of an absurdly narrow definition.The most popular dictionary and thesaurus. Meanings & definitions of words in English with examples, synonyms, pronunciations and translations. Definition: HCOL Meaning . HCOL stands for High Cost of Living. It refers to places where the overall expenses for basic necessities and a decent standard of living are significantly higher than the national average. Here’s a breakdown of what HCOL entails: Higher housing costs: This is usually the biggest factor. Rent and home prices tend to .

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vhcol meaning|VHCOL Meaning