6
QuizMultiple Choice

Budgeting and Being a Smart Consumer

Question 6 • Personal Finance - EL3403

Hillary’s family is thinking of relocating to a different city to save money. They set up a budget comparing the cost of living in four cities. OaklandPhoenixSanta FeSan DiegoItemCostCostCostCostHousing$565$465$505$1200Food$545$495$475$655Health Care$245$215$200$495Taxes$450$415$385$625Other Necessities$350$305$295$495Monthly Total$2155$1895$1860$3470Based on cost of living alone, which city should they choose to live in?

Answer
A
Oakland
B
Phoenix
C
Santa Fe
D
San Diego

Explanation

Compare the monthly totals for the four cities: Oakland is $2,155, Phoenix is $1,895, Santa Fe is $1,860, and San Diego is $3,470. Santa Fe has the lowest monthly total, so it is the best choice based on cost of living alone. The correct choice is Santa Fe.

AI-written and checked against the verified answer.

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