Determine the costs of living independently.

Determination should include consideration of

• past, present, and future housing costs (renting and owning)
• transportation costs (public and private)
• typical cost of products (gas, food, entertainment, childcare, health insurance)
• utilities (water, sewer, electric, gas)
• taxes (federal and state)
• salaries for specified occupations. 

Process/Skill Questions:

• What is the relationship between the cost of living and standard of living?
• What is the relationship between income and standard of living?
• What is the relationship between education and standard of living?
• How might one estimate costs (e.g., utilities or property taxes)?