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I agree in general, though it's not so all-or-nothing.

Being able to live and work cheaply

I find the key to be in the above, where the focus is on ability. Two cities may have very similar overall costs of living on some generally accepted scale, yet still have significantly different costs of "living" for entrepreneurs.

Perhaps point 1 should really be "low minimum cost of living." Does anyone provide CoL spread information for the bigger cities?



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