Columbia cost of living lower than national average

2 months 4 days 6 hours 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
MOBERLY - Police say a man tried to shoot at his girlfriend Saturday afternoon as she attempted to enter the... More >>
43 minutes ago Saturday, April 20 2019 Apr 20, 2019 Saturday, April 20, 2019 8:24:00 PM CDT April 20, 2019 in News
JEFFERSON CITY - Children from the Jefferson City and Columbia area showed off their businesses during the Jefferson City Children's... More >>
3 hours ago Saturday, April 20 2019 Apr 20, 2019 Saturday, April 20, 2019 5:17:00 PM CDT April 20, 2019 in News
COLUMBIA - The Columbia Parks and Recreation department held its annual "EGGstravaganza Egg Hunt" at Douglass Parks on Saturday afternoon.... More >>
6 hours ago Saturday, April 20 2019 Apr 20, 2019 Saturday, April 20, 2019 3:02:00 PM CDT April 20, 2019 in News
MOBERLY- The Moberly Police Department arrested a man on Friday afternoon after they received information from the FBI in Omaha,... More >>
10 hours ago Saturday, April 20 2019 Apr 20, 2019 Saturday, April 20, 2019 10:08:00 AM CDT April 20, 2019 in News
CALLAWAY COUNTY - A Fulton man will be in jail for the next 25 years after he pleaded guilty Friday... More >>
12 hours ago Saturday, April 20 2019 Apr 20, 2019 Saturday, April 20, 2019 8:47:00 AM CDT April 20, 2019 in News
GASCONADE COUNTY - The sex of human remains found in the Gasconade River have been identified as male, according to... More >>
1 day ago Friday, April 19 2019 Apr 19, 2019 Friday, April 19, 2019 8:09:00 PM CDT April 19, 2019 in News
COLUMBIA - Sophomore forward Jontay Porter officially declared for the 2019 NBA Draft via Twitter Friday. pic.twitter.com/AHj67OWmqi... More >>
1 day ago Friday, April 19 2019 Apr 19, 2019 Friday, April 19, 2019 6:35:00 PM CDT April 19, 2019 in Sports
ROCHEPORT - Missouri State Parks said a tunnel on the Katy Trail will be closed for at least another month,... More >>
1 day ago Friday, April 19 2019 Apr 19, 2019 Friday, April 19, 2019 6:32:00 PM CDT April 19, 2019 in News
COLUMBIA — High winds caused two power outages Friday evening that affected more than 1,500 customers, Columbia Water & Light... More >>
1 day ago Friday, April 19 2019 Apr 19, 2019 Friday, April 19, 2019 6:23:00 PM CDT April 19, 2019 in News
COLUMBIA — The Missouri Secretary of State’s office awarded a “Spotlight on Literacy” grant to Daniel Boone Regional Library for... More >>
1 day ago Friday, April 19 2019 Apr 19, 2019 Friday, April 19, 2019 5:46:00 PM CDT April 19, 2019 in News
ST. LOUIS (AP) — A well-known radio personality in St. Louis is facing sex-related charges. ... More >>
1 day ago Friday, April 19 2019 Apr 19, 2019 Friday, April 19, 2019 4:52:00 PM CDT April 19, 2019 in News
FULTON — A building on the Missouri School for the Deaf's campus may become the new location of a county... More >>
1 day ago Friday, April 19 2019 Apr 19, 2019 Friday, April 19, 2019 3:44:00 PM CDT April 19, 2019 in News
BOONE COUNTY - Boone County Office of Emergency Management apologized Friday after accidentally sending out numerous severe weather alerts from... More >>
1 day ago Friday, April 19 2019 Apr 19, 2019 Friday, April 19, 2019 3:03:00 PM CDT April 19, 2019 in News
COLUMBIA - Attorney Stephen Wyse wants Governor Mike Parson to appoint a special prosecutor to investigate the relationship and alliance... More >>
1 day ago Friday, April 19 2019 Apr 19, 2019 Friday, April 19, 2019 2:39:00 PM CDT April 19, 2019 in News
COLUMBIA - The Columbia Board of Education approved a new compensation plan at Thursday's regular work session. The board voted... More >>
1 day ago Friday, April 19 2019 Apr 19, 2019 Friday, April 19, 2019 2:38:00 PM CDT April 19, 2019 in News
COLUMBIA - With April 20, or 4/20, falling on a weekend this year, the Missouri State Highway Patrol is preparing... More >>
1 day ago Friday, April 19 2019 Apr 19, 2019 Friday, April 19, 2019 1:56:00 PM CDT April 19, 2019 in News
JEFFERSON CITY (AP) — Missouri's House speaker said he doesn't plan on taking further action to discipline a House member... More >>
1 day ago Friday, April 19 2019 Apr 19, 2019 Friday, April 19, 2019 1:16:25 PM CDT April 19, 2019 in News
FARMINGTON (AP) — The wife of a Missouri Ku Klux Klan leader admitted Friday to fatally shooting her husband. ... More >>
1 day ago Friday, April 19 2019 Apr 19, 2019 Friday, April 19, 2019 12:48:00 PM CDT April 19, 2019 in News
Columbia, MO
Broken Clouds 63°
10pm 58°
11pm 57°
12am 56°
1am 55°