Traditional Culture Encyclopedia - Traditional festivals - Is the cost of living in Chongming Island high?
Is the cost of living in Chongming Island high?
1. Geographical limitation of the island: Chongming Island, as the jurisdiction of Shanghai, is relatively remote and has a certain distance from the urban area of Shanghai, so the transportation cost is relatively high. This leads to an increase in transportation costs and material prices, which in turn pushes up the cost of living.
2. Lack of resources on the island: Chongming Island has a vast territory, but its relative resources are limited, which limits the development of agriculture, industry and other industries. This makes the supply of goods on the island relatively scarce, the market competition is not as fierce as that in the urban area, and the price level is relatively high.
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