An empirical note on determinants of geographic living-cost differentials for counties in the state of Florida, 2003

Abstract

This study empirically seeks to identify determinants of geographic living-cost differentials among counties in the state of Florida for the year 2003. The heteroskedasticity-corrected ordinary least squares estimates reveal that the cost of living in those counties is an increasing function of population size, per capita income or the percentage of households with an annual income in excess of $100,000, coastal location, and the square of the population density while being unaffected by the unemployment rate.