To be fair, "living in a place that doesn't suck" is largely why the cost of living is so different between places. It's the other side of the equation that mak

To be fair, "living in a place that doesn't suck" is largely why the cost of living is so different between places. It's the other side of the equation that makes people pay the extra money. Though I agree with you that calling it "equally well off" is giving it too much credit for what it measures.