What is vhcol?

VHCOL generally stands for Very High Cost of Living. It refers to areas where the expenses for basic necessities like housing, food, transportation, and healthcare are significantly higher than the national average. These areas are often characterized by high salaries but also require a greater proportion of income to maintain a comparable standard of living to less expensive regions. Understanding what makes a place a Very%20High%20Cost%20of%20Living area can involve several key factors. Common examples of VHCOL areas include major metropolitan cities such as New York City, San Francisco, and London.