HCOL isn’t actually bad or good

The “High” in “High Cost Of Living” (HCOL) is subjective.

For people living in New York City that earn over $500,000 a year, a $4500 a month rent for 2 bedroom, 1 bathroom might not seem “high.”

It’s normal.

To someone moving to New York City from the south or midwest where a 2 bedroom, 1 bathroom apartment might be $1000 a month, the $4500 a month price tag might seem high.

Therefore let’s get rid of this terminology of HCOL or LCOL and instead focus on increasing our income and investing that income to increase our passive income streams to cover rent or mortgage.