Columbia cost of living lower than national average

1 year 5 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
NEW FLORENCE -- A train went off the tracks in New Florence this morning. According to a Facebook post... More >>
1 day ago Sunday, August 02 2020 Aug 2, 2020 Sunday, August 02, 2020 9:16:00 AM CDT August 02, 2020 in News
MEXICO – Trish Harris of Mexico, Mo. says she reminds her 2-year-old everyday who his father is. His father,... More >>
2 days ago Saturday, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 8:54:00 PM CDT August 01, 2020 in News
COLUMBIA - Two schools, two graduations. Graduates had the opportunity to finally celebrate four years worth of hard work Saturday.... More >>
2 days ago Saturday, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 7:56:00 PM CDT August 01, 2020 in News
COLUMBIA, Mo. (AP) — A former assistant state attorney general and a former federal prosecutor are vying in Tuesday's Democratic... More >>
2 days ago Saturday, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 12:57:00 PM CDT August 01, 2020 in News
WARRENSBURG - One woman is dead and two people are injured after a shooting in Warrensburg Saturday morning. ... More >>
2 days ago Saturday, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 12:00:00 PM CDT August 01, 2020 in News
QUINCY, Ill. - One suspect in a deadly Audrain County home invasion was arrested Friday night. Quincy Police said... More >>
2 days ago Saturday, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 10:58:00 AM CDT August 01, 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, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 9:13:00 AM CDT August 01, 2020 in News
COLUMBIA - 58-year-old Columbia resident Clayton Jacobs has been reported missing after he was last seen by his neighbors on... More >>
2 days ago Saturday, August 01 2020 Aug 1, 2020 Saturday, August 01, 2020 12:15:00 AM CDT August 01, 2020 in News
MILWAUKEE ( KSDK ) — The Cardinals-Brewers game scheduled for Friday afternoon has been postponed again due to... More >>
2 days ago Friday, July 31 2020 Jul 31, 2020 Friday, July 31, 2020 11:00:00 PM CDT July 31, 2020 in News
COLUMBIA - Columbia Public Schools have mandated that their elementary schools will have prepackaged school supplies. The school supplies... More >>
3 days ago Friday, July 31 2020 Jul 31, 2020 Friday, July 31, 2020 7:43:00 PM CDT July 31, 2020 in News
COLUMBIA — On Thursday, the Southeastern Conference announced that all participating schools football teams would play a 10 game conference-only... More >>
3 days ago Friday, July 31 2020 Jul 31, 2020 Friday, July 31, 2020 5:45:00 PM CDT July 31, 2020 in News
COLUMBIA - Graduation ceremonies continued Friday for Columbia Public School seniors, this time with Douglass High School. "I had... More >>
3 days ago Friday, July 31 2020 Jul 31, 2020 Friday, July 31, 2020 5:20:00 PM CDT July 31, 2020 in News
OSAGE BEACH — The Osage Beach Police Department arrested 50-year-old Terry Dickens on Thursday after following the vehicle from a... More >>
3 days ago Friday, July 31 2020 Jul 31, 2020 Friday, July 31, 2020 4:55:00 PM CDT July 31, 2020 in News
BOSTON — A federal appeals court Friday threw out Dzhokhar Tsarnaev’s death sentence in the 2013 Boston Marathon bombing, saying... More >>
3 days ago Friday, July 31 2020 Jul 31, 2020 Friday, July 31, 2020 4:52:06 PM CDT July 31, 2020 in News
COLUMBIA — Elementary students in the Columbia Public School system who are attending in-person classes can purchase prepackaged, sanitized supply... More >>
3 days ago Friday, July 31 2020 Jul 31, 2020 Friday, July 31, 2020 4:03:00 PM CDT July 31, 2020 in News
TIPTON - A person who tested positive for COVID-19 attended two summer activities at Tipton R-VI School, according to the... More >>
3 days ago Friday, July 31 2020 Jul 31, 2020 Friday, July 31, 2020 3:51:00 PM CDT July 31, 2020 in News
SEDALIA —The state fair will look different this year. According to a release by the Missouri State Fair, fairgoers... More >>
3 days ago Friday, July 31 2020 Jul 31, 2020 Friday, July 31, 2020 3:39:00 PM CDT July 31, 2020 in News
Mizzou head basketball coach sat down in a virtual zoom call with the media for the first time this summer... More >>
3 days ago Friday, July 31 2020 Jul 31, 2020 Friday, July 31, 2020 3:03:00 PM CDT July 31, 2020 in Sports
Columbia, MO
Broken Clouds 67°
10pm 65°
11pm 63°
12am 63°
1am 61°