CoL is often mentioned, but what's not is the saving rate. Saving the same percentage in a higher CoL place gives you the option of moving out or retiring anyw

CoL is often mentioned, but what's not is the saving rate. Saving the same percentage in a higher CoL place gives you the option of moving out or retiring anywhere, including a high CoL location. You don't have these options if you make a lower wage at a lower CoL place.