Columbia cost of living lower than national average

1 year 4 months 2 weeks ago Thursday, February 14 2019 Feb 14, 2019 Thursday, February 14, 2019 4:18:00 PM CST February 14, 2019 in News
By: Garrett Tiehes, KOMU 8 Reporter
loading

COLUMBIA – It's cheaper to live in Columbia than many other places.

The Columbia Chamber of Commerce said its new study shows the cost of living in town was 7.1 percent below the national average.

The chamber got the numbers from the the ACCRA Cost of Living Index provided by the Council for Community and Economic Research.

Chamber President Matt McCormick said the data proves Columbia is continuously a great place to live.

"It's an affordable place to live and the amities that we have here from top level health care, the arts, sporting events and shopping," he said. "As we always say, it's a great place to live, learn, work and play."

Carter Gerling who owns a home in Columbia and rents out some of the rooms said the lower costs benefit both students and businesses.

"I know what I can charge and still retain tenants, which are normally students," he said. "And those students don't have to bare the burden of paying super expensive housing while taking classes."

Columbia got a composite figure 92.9 in average cost of living last year. That means what would cost $100 in the average U.S. city only costs $92.90 in Columbia.

The Composite Index is based on six categories: groceries, housing, utilities, transportation, health care and miscellaneous good and services, such as auto maintenance, fast food and clothing.

Columbia figures for these areas are:

  • Grocery: 96.6
  • Housing 81.5
  • Utilities: 99.6
  • Transportation: 91.4
  • Health care: 101.5
  • Miscellaneous goods and services: 98.7

The index does not measure inflation or price change over time. Items were priced at a specified time and according to standardized specifications.

McCormick said Columbia's data helps make the city more attractive.

"We're seeing some good growth and expansion," he said.

More News

Grid
List
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. You can... More >>
1 hour ago Monday, July 06 2020 Jul 6, 2020 Monday, July 06, 2020 11:02:00 AM CDT July 06, 2020 in News
(CNN) -- Around 30 years ago, a town in Oregon retrofitted an old van, staffed it with young medics and... More >>
1 hour ago Monday, July 06 2020 Jul 6, 2020 Monday, July 06, 2020 10:49:19 AM CDT July 06, 2020 in News
COLUMBIA- The Columbia City Council is set to vote on a face mask order at their meeting Monday. The... More >>
6 hours ago Monday, July 06 2020 Jul 6, 2020 Monday, July 06, 2020 6:21:00 AM CDT July 06, 2020 in News
COLUMBIA - Several community members talked about the need to hold each other along with leaders accountable following a double... More >>
16 hours ago Sunday, July 05 2020 Jul 5, 2020 Sunday, July 05, 2020 7:31:00 PM CDT July 05, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. You can... More >>
18 hours ago Sunday, July 05 2020 Jul 5, 2020 Sunday, July 05, 2020 6:09:26 PM CDT July 05, 2020 in News
MARIES COUNTY - The Maries County Sheriff's Office recovered human remains near the Gasconade River on Sunday, according to a... More >>
19 hours ago Sunday, July 05 2020 Jul 5, 2020 Sunday, July 05, 2020 5:26:00 PM CDT July 05, 2020 in News
MOBERLY - Movie lovers have something to be excited about: some theaters are starting to reopen. The B&B Moberly... More >>
19 hours ago Sunday, July 05 2020 Jul 5, 2020 Sunday, July 05, 2020 4:34:00 PM CDT July 05, 2020 in News
CAMDEN COUNTY — A one year old boy was killed at about 9:50 a.m. July 4 after being hit by... More >>
22 hours ago Sunday, July 05 2020 Jul 5, 2020 Sunday, July 05, 2020 1:37:00 PM CDT July 05, 2020 in News
COLUMBIA — The Columbia Public School District released plans for reopening in the fall and said on June 22 that... More >>
23 hours ago Sunday, July 05 2020 Jul 5, 2020 Sunday, July 05, 2020 1:00:00 PM CDT July 05, 2020 in News
COLUMBIA — UPDATE: In a press conference on Sunday, Columbia Police Chief Geoff Jones provided details on an overnight shooting... More >>
1 day ago Sunday, July 05 2020 Jul 5, 2020 Sunday, July 05, 2020 10:57:00 AM CDT July 05, 2020 in News
KANSAS CITY, Mo. (AP) — The Missouri Democratic Party’s chairwoman is stepping aside until at least September. The Kansas... More >>
1 day ago Saturday, July 04 2020 Jul 4, 2020 Saturday, July 04, 2020 6:22:27 PM CDT July 04, 2020 in News
KANSAS CITY, Mo. (AP) — The Jackson County, Missouri, prosecutor says two brothers have been charged with second-degree murder and... More >>
1 day ago Saturday, July 04 2020 Jul 4, 2020 Saturday, July 04, 2020 4:29:38 PM CDT July 04, 2020 in News
COLUMBIA - The Fourth of July is a day which commemorates freedom. But this year’s holiday follows weeks of... More >>
1 day ago Saturday, July 04 2020 Jul 4, 2020 Saturday, July 04, 2020 3:45:00 PM CDT July 04, 2020 in News
COLUMBIA - A rally was held at the Boone County Courthouse Saturday morning in an effort to show support for... More >>
1 day ago Saturday, July 04 2020 Jul 4, 2020 Saturday, July 04, 2020 3:23:00 PM CDT July 04, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about impacts in the community. You can... More >>
2 days ago Saturday, July 04 2020 Jul 4, 2020 Saturday, July 04, 2020 10:12:00 AM CDT July 04, 2020 in News
COLUMBIA —As mid-Missouri experiences a rise in coronavirus cases, the Health Department is struggling to keep up with contact tracing.... More >>
2 days ago Friday, July 03 2020 Jul 3, 2020 Friday, July 03, 2020 6:51:53 PM CDT July 03, 2020 in News
VIENNA — The Historical Society of Maries County is offering a $1,000 reward to anyone who can provide "substantial information"... More >>
2 days ago Friday, July 03 2020 Jul 3, 2020 Friday, July 03, 2020 6:32:32 PM CDT July 03, 2020 in News
COLUMBIA - Four bars within 24 hours may have been exposed to someone who had COVID-19. Boone County Health... More >>
2 days ago Friday, July 03 2020 Jul 3, 2020 Friday, July 03, 2020 6:29:00 PM CDT July 03, 2020 in News
Columbia, MO
Broken Clouds 86°
1pm 90°
2pm 89°
3pm 90°
4pm 89°