Global Cost of Living in Different Geographical Areas Using the Concept of NLP

Abstract

Cost of living affects the maintenance if a certain standard of living, which includes housing, food, taxes, healthcare, etc. To overcome this issue, the project aims to analyze the amount of money needed to survive in different geographical areas and compare the cost of living in different areas. The analysis of the cheapest and most expensive places in the world is done for proper categorization. For getting proper data there is a need of extracting the latitude and longitude of all different locations. The comparison of expenses in different countries based on different parameters gives an idea about the living standards in different countries. Analyzing different parameters also helps to decide the lifestyle of people in different countries and whether their expenses will be high or low in the particular country. One major type of analysis, which is geospatial analysis, is also used here to study the entities using different topological or geographical properties. The project deals with real-life scenarios people face in day-to-day life when there is a need to decide the lifestyle of living.