U.S. Department of Health & Human Services, Agency for Healthcare Research and Quality, Medical Expenditure Panel Survey, 4. Cost of living: 24.4% above U.S. average. For each category of expense, we summarize below our methodology for determining the price levels for each city. 49 %. Tell us about cost of living in your city! All readers are advised to conduct their own independent research and consult with an attorney, accountant, insurance broker, or other licensed professional when making any legal or financial decisions. Chained Consumer Price Index for All Urban Consumers (C-CPI-U) and the Consumer Price Index for All Urban Consumers (CPI-U): U.S. city average, all items index ; Table 6. Compare the cost of living in two cities using the CNNMoney Cost of Living calculator. Nashville. Cost of Living Index by City 2020 Mid-Year. Boston. We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. The cost of living calculator will calculate and compare any two cities in the United States so you know which city offers a more affordable standard of living. We constructed a consumer discretionary spending index based upon the Bureau of Economic Analysis’s Metropolitan Area Regional Price Parities for Goods and Services. Terms of Use and U.S. Department of Energy, US Energy Information Administration, Electric Power Monthly, Average Price of Electricity to Ultimate Customers by End-Use Sector Cost of Living Calculator 2020. The cost of living in the United States varies widely based upon the city where an individual lives. The AdvisorSmith Cost of Living Index is modeled upon national average household budgets, with weights assigned to six major categories of household expenses. A cost of living index above 100 means Oklahoma City, Oklahoma is more expensive. We used this data for 1-, 2-, and 3-bedroom units to create an index for rental prices for each city compared with nationwide average rents. Households with Employer Insurance Spend on Premiums and Out-of-Pocket Costs: A State-by-State Look For both rented and owned housing, we weighted prices assuming that 25% of homes were 1-bedroom, 25% were 2-bedroom, and 50% were 3-bedroom. Click below to download the AdvisorSmith Cost of Living Index data: In the table below, we list the cost of living in over 500 U.S. metro areas. Median … Our city profile reports are created to help you make an educated decision of where to live that fits your quality-of-life desires. For example, a city with a cost of living of 130 has a cost of living 30% higher than the national average. Our cost of living indices are based on a US average of 100. Housing costs play a role in an area’s cost of living, but it’s far from the only factor. Determine if you could maintain your current standard of living in a different city. To calculate each city's Price Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). Our food index was constructed based upon a survey of grocery prices across different states supplemented by data from the U.S. Bureau of Labor Statistics. Los Angeles. Oregon’s housing index is 181.8 with rent for a two-bedroom costing $1,123, which is below the U.S. median but is much higher around cities such as Portland. America: Cost of Living Index by City 2020 Chart: Cost of Living Index Select date: 2020 Mid-Year 2020 2019 Mid-Year 2019 2018 Mid-Year 2018 2017 Mid-Year 2017 2016 Mid-Year 2016 2015 Mid-Year 2015 2014 Mid-Year 2014 2013 2012 2011 2010 2009 Please note the proper way to spell, capitalize, and describe AdvisorSmith. Downloadable cost of living data based on food, housing, utilities, transportation, healthcare, and consumer discretionary spending. U.S. Department of Health & Human Services, Agency for Healthcare Research and Quality, Medical Expenditure Panel Survey 2. Rental indices were constructed using data from the U.S. Department of Housing and Urban Development, which publishes 50th Percentile Rent Estimates. The city-level categories of expense were then multiplied by the weights allocated to each category and then summed to create a composite cost of living expense index for each city. Additionally, we supplemented these costs with the average out-of-pocket costs paid by employees as estimated by The Commonwealth Fund. 3 %. Cost of Living Index (Current, By City) New York, NY Prague Sydney London Berlin Beijing Delhi Rio de Janeiro Tokyo 0 25 50 75 100 Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague. U.S. Bureau of Economic Analysis, Regional Price Parities by State and Metro Area, Metropolitan Area Regional Price Parities City population: 291,538. Use this cost of living calculator to compare the cost of living between U.S. cities and determine if you will be able to maintain your current standard of living in another city Zillow Home Value Index (Data Provided by Zillow Group) That's where a cost of living calculator (like the one above!) Amsterdam is 19.81% more expensive than Berlin. Denver, CO is 10.31% more expensive than Louisville, KY. … According to Mercer’s 2020 Cost of Living Survey, Hong Kong tops the list of most expensive cities for expatriates, followed by Ashgabat, Turkmenistan in second position. The cost of living can turn your dream move into a nightmare. 48 %. The index for transportation costs was constructed considering three categories of expense: vehicle purchases, gasoline, and other vehicle expenses. The cities are indexed to 100, with 100 being the average cost of living for the United States. U.S. Department of Housing and Urban Development, Office of Policy Development and Research, 50th Percentile Rent Estimates The fifth-highest cost of living index in the U.S. is Oregon with an index of 134.2. For each category of expense, we created an index that reflects the U.S. average price in that expense category. Data from the AdvisorSmith Cost of Living Index is free to use for both commercial and non-commercial purposes. What's on City-Data.com. Although there are various types of cost of living indexes that use different variables and metrics, most set a base cost of living… Please include proper citation to AdvisorSmith for the first reference on a page, post, article, image, or chart. A gasoline index was constructed using average retail gasoline prices around the country from Gasbuddy, comparing gasoline prices in each area to the national average. 7. Index values above 100 indicate that the city has a cost of living above the average, while values below 100 indicate a cost of living below the average. Gasbuddy, Average Regular Gas Price, AdvisorSmith is your trusted business insurance resource, providing the expert research and advanced tools you need to help your business succeed. Mercer’s 2020 Cost of Living Survey. Learn More, © 2020 AdvisorSmith Solutions, Inc. All Rights Reserved. The percentage weight allocated to each category of expense was determined based upon the average U.S. household budget, based on the Consumer Expenditure Surveys conducted by the U.S. Bureau of Labor Statistics. Please see our Full Disclaimer. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! You can display this data and create derivative works (such as charts or graphs) from the data—we only require that you cite the source. How a Cost of Living Index Works . A cost of living index above 100 means Kansas City, Missouri is … You are looking at Cost of Living Index … 3. An amount below 100 means Dodge City is cheaper than the US average. Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague. Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! Seattle. AdvisorSmith analyzed the cost of living in 509 metropolitan areas (which we call cities) in the United States, and created the AdvisorSmith Cost of Living Index, which details the cost of living in different parts of the country and provides an easy way to compare cities against one another. Our utilities index was constructed based on three categories of spending: natural gas, electricity, and household operations. Dodge City cost of living is 75.8 Tokyo and Zurich remain in third and fourth positions, respectively, whereas Singapore is in fifth, down two places from last year. Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. DeutschLebenshaltungskosten-Index 2020 Unter dem Jahr The contribution of purchase and rental weights were based upon the ratio of expense for owned and rental expenses in the Consumer Expenditure Survey. Your use of this service is subject to our, Lebenshaltungskosten-Index 2020 Unter dem Jahr, Indicador de Custo de Vida 2020 Meio do Ano, Indice del Costo della Vita 2020 Metà Anno, Indice du Coût de la Vie 2020 Milieu de l'année, Índice de Costo de Vida 2020 Mitad de año. If a place has a cost of living index of 135, then it is 35% more expensive to live there than the national average. The Commonwealth Fund, How Much U.S. Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. A cost of living index above 100 means Dodge City, Kansas is more expensive. U.S. Department of Energy, US Energy Information Administration, Natural Gas Prices, 8. What is the Cost of Living Index? House price indices were constructed using data from Zillow’s Home Value Index, comparing the price of 1-, 2-, and 3-bedroom homes to the national average home prices, and indexing each city’s home prices. You are looking at Cost of Living Index 2020 Mid-Year. U.S. Bureau of Economic Analysis, Regional Price Parities by State and Metro Area, Metropolitan Area Regional Price Parities, 7. The healthcare expenditure index was constructed based upon information from the U.S. Department of Health & Human Services Medical Expenditure Panel Survey, which provides information about average premium costs for employees who receive health insurance through their employer. Price Index: To calculate each city's Price Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). Privacy Policy, Copyright © 2009-2020 Numbeo. Use Salary.com's Cost of Living Calculator to easily compare the cost of living in your current location to the cost of living in a new location. However, we are not acting as licensed professionals, and all information is presented without warranty. Are the other cities on your list more or less affordable than your current home? To calculate each city's Price Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). FrançaisIndice du Coût de la Vie 2020 Milieu de l'année To calculate each city’s cost of living, we added the city’s average rent for a one-bedroom apartment to the average costs of utilities, internet, food, and fuel according to Numbeo.com. Recent Comparisons: Rome is 1.63% more expensive than Genoa. Disclaimer: AdvisorSmith seeks to provide accurate and up-to-date information for business owners. 6. For cities interested in participating in the Cost of Living Index but have populations less than the 35,000 population threshold, C2ER has an option called the Small Cities Project. Various cost of living categories are taken into consideration, including: groceries, housing, utilities, transportation, goods & services and health care. Adelaide is 13.90% more expensive than Montreal. Just like last year, three cities share the top spot as the world’s most expensive city to live in. We used a variety of data sources to index each city’s price level for that category of expense. An amount below 100 means Kansas City is cheaper than the US average. U.S. Department of Energy, US Energy Information Administration, Electric Power Monthly, Average Price of Electricity to Ultimate Customers by End-Use Sector, Employment Practices Liability Insurance (EPLI). If a place has a cost of living index of 85, then it is 15% cheaper than the average for the entire country. Chisinau is 17.56% more expensive than Lviv. 5 %. The new edition of the Worldwide Cost of Living report shows how the Covid-19 pandemic has changed the cost of living in about 130 cities around the world since the start of 2020. can Anchorage, Alaska. Oklahoma City cost of living is 85.4 We weighted the spending between goods and services based upon the weights in the Consumer Expenditure Survey. Learn About COLI. U.S. Department of Housing and Urban Development, Office of Policy Development and Research, 50th Percentile Rent Estimates, 3. PortuguêsIndicador de Custo de Vida 2020 Meio do Ano Cost of Living Index for Selected U.S. Cities, 2010 Updated February 11, 2017 | Infoplease Staff The following table shows the cost of living in U.S. cities according to percent of income spent on goods, including groceries, housing, utilities, transportation, health care, and more. We have over 74,000 city photos not found anywhere else, graphs of the latest real estate prices and sales trends, recent home sales, a home value estimator, hundreds of thousands of maps, satellite photos, demographic data (race, income, ancestries, education, employment), geographic data, state profiles, crime data, registered sex offenders, cost of living, … Therefore, if a city has a Price Index of 134, that … Let us help you make an informed decision about what it will cost to live and work in the city of your dreams! 8. U.S. Bureau of Labor Statistics, Consumer Expenditure Surveys Consumer Price Index for All Urban Consumers (CPI-U): U.S. city average, by expenditure category, 1-month analysis table ; Table 7. These indices are historical and they are published periodically. Households with Employer Insurance Spend on Premiums and Out-of-Pocket Costs: A State-by-State Look, 5. To access current rankings please visit Cost of Living Index Rate (Current). The expense categories along with their weights are listed below: These categories are aggregated to produce a cost of living index value for each of the cities. It's a snapshot of the current indices at a specific point in time. The AdvisorSmith Cost of Living Index compares the cost of living in over 500 U.S. metropolitan areas, which we call “cities.” The index is constructed such that the average U.S. cost of living is normalized to 100. 9. Our cost of living indices are based on a US average of 100. If you're considering moving to another town or city you may be wondering what salary you'd need to maintain your standard of living in the new location. In some cases where city-level data was unavailable, we used state-level data to infer the price level for each city. Errors and Omissions Insurance for Contractors, Professional Liability Insurance for Lawyers, Products and Completed Operations Coverage, Directors and Officers Liability Insurance. Charlotte. Other vehicle expenses, consisting primarily of maintenance expenses, were indexed using the Bureau of Economic Analysis’s Metropolitan Area Regional Price Parities for Services. We focused our research on the 75 most populous cities in the United States. Table 5. Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague. A generous salary in one region can be lacking in another. Those include the quality of schools, cost of living index, salary comparisons, and more. Our index assumed vehicle purchase prices are largely uniform throughout the country. Zillow Home Value Index (Data Provided by Zillow Group), 2. The cost of living in the United States varies widely based upon the city … We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. Your use of this service is subject to our What Is the Best Insurance for Small Business? Since 1968, the Council for Community and Economic Research (C2ER) has collected and published cost of living index data at the local level. What makes us unique is that we collect the prices that we use to calculate our cost of living index from visitors like you. What Types of Business Insurance Do I Need? 5. The sum of these costs formed the basis for our healthcare expenditure index. A $500,000 home in the Bay Area is much different from a half-million-dollar home in Little Rock. EspañolÍndice de Costo de Vida 2020 Mitad de año, Copyright © 2009-2020 Numbeo. Cost of Living Index in Major Cities 186.08% 156.10% 111.58% 114.98% 151.00% 180.43% 97.34% San Francisco, CA Washington, DC Miami, FL Chicago, IL Boston, MA New York, NY Dallas, TX 0.00% 50.00% 100.00% 150.00% 200.00% A comparison of the Cost of Living indexes across major US Cities compared to the national average. An amount below 100 means Oklahoma City is cheaper than the US average. We use the Consumer Price Index (CPI) and salary differentials of over 300+ US cities to give you a comparison of costs and salary. ItalianoIndice del Costo della Vita 2020 Metà Anno Our cost of living indices are based on a US average of 100. The comparisons allow you to get a better understanding of the cost of living of any city before you move there. Once the reference point has been established, the Price Index value of every other city in the database is calculated by comparing their cost of living to the cost of living in Prague. An index for natural gas was constructed using data from the U.S. Department of Energy’s Natural Gas prices, and a similar index was constructed using end-use electricity prices, also from the Department of Energy. U.S. Bureau of Labor Statistics, Consumer Expenditure Surveys, 6. U.S. Department of Energy, US Energy Information Administration, Natural Gas Prices What Insurance Coverage Do General Contractors Need? The biggest factor in Cost of Living is housing costs – … The cost of living was determined based on six major categories of expenses: food, housing, utilities, transportation, healthcare, and consumer discretionary spending. 4. America: Cost of Living Index by City 2019 Chart: Cost of Living Index Select date: 2020 Mid-Year 2020 2019 Mid-Year 2019 2018 Mid-Year 2018 2017 Mid-Year 2017 2016 Mid-Year 2016 2015 Mid-Year 2015 2014 Mid-Year 2014 2013 2012 2011 2010 2009 This is the proper citation for this data: AdvisorSmith Cost of Living Index, The address to link to is: https://advisorsmith.com/data/coli. Naturally, the more data entered, the more accurate the index and the calculations will be. 1. The Commonwealth Fund, How Much U.S. Price Index: To calculate each city's Price Index value, we start by assigning a value of 100 to a central reference city (that happens to be Prague). Housing prices were constructed from a composite of home purchase prices and rental prices. 1. Feel free to contact us if you have any questions regarding the use of our data or if you would like to speak to one of our small business experts. Core cost of living data is from ACCRA Cost of Living Index from the Council for Community and Economic Research. Prices for household operations, which include services such as home repair, gardening, cleaning, and other services were sourced from the Metropolitan Area Regional Price Parities for Services, published by the U.S. Bureau of Economic Analysis. Lawyers, Products and Completed operations Coverage, Directors and Officers Liability Insurance Council for Community and Economic Research has! 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