Columbia has highest cost of living in Missouri

1 year 10 months 2 weeks ago Thursday, August 24 2017 Aug 24, 2017 Thursday, August 24, 2017 6:14:00 PM CDT August 24, 2017 in News
By: Maia McDonald, KOMU 8 Reporter
loading

COLUMBIA - According to the Missouri Economic Research and Information Center (MERIC), Columbia’s cost of living was the highest in Missouri, ranking an index of 93.0 in the first quarter of 2017, well above the state average of 90.0 and several other Missouri cities indices.

Although when compared to other U.S. states Missouri does have one of the lowest costs of living in the country, MERIC finds that including amongst major metropolitan cities in Missouri like Jefferson City, Joplin, Kansas City, Springfield, and St. Louis, Columbia residents often pay more for groceries, utilities, transportation, health, and other miscellaneous costs.

One contributor to increasing cost of living numbers, housing, has recently become more visible in Columbia. Multiple student housing complexes have either started or completed construction in the last few years, causing some local businesses or homes to leave.

However, Columbia Chamber of Commerce president Matt McCormick says the picture painted by these recent numbers doesn’t tell the full story of living in Columbia.

“The housing that we’ve seeing in downtown and the housing growth in general for Columbia, what we’ve seen has been a good thing,” McCormick said. “Bringing more people to Columbia, that’s more people that are shopping in our stores, more people that are eating in our restaurants. It’s our future. It’s our workforce so what we’re seeing are some good things.”

McCormick maintains that any increase in cost of living is considerably lower when compared to other states across the country. Not everyone, however shares McCormick’s positive outlook on Columbia’s economic situation. In his 2017 State of the City Address, Matthes urged for a move away from the city’s economic dependency on sales tax. In his address to the public, Mattes suggested instead property and online sales taxes as a possible source of income.

McCormick says cost of living is a important factor for any city. “That’s one of those areas people continuously take a look at whenever they’re judging… businesses take a look at that if their looking at moving into an area. It’s something that residents take a look at or future residents take a look at. So making sure that we have a competitive cost of living and we have one that’s a stable cost of living that’s not major fluctuations up and down is a good thing for people.”




More News

Grid
List
COLUMBIA — A drug bust by Moniteau County deputies ended with one suspect in the hospital on suspicion of a... More >>
1 hour ago Monday, July 15 2019 Jul 15, 2019 Monday, July 15, 2019 9:32:00 PM CDT July 15, 2019 in News
COLUMBIA — Maries County deputies arrested Cheryl “Lynn” Fales and Charles R. Fales, of St James for two counts of... More >>
2 hours ago Monday, July 15 2019 Jul 15, 2019 Monday, July 15, 2019 8:07:00 PM CDT July 15, 2019 in News
COLUMBIA — The City of Columbia Water & Light will be holding a public meeting Wednesday from 6 to 7:30... More >>
4 hours ago Monday, July 15 2019 Jul 15, 2019 Monday, July 15, 2019 6:32:00 PM CDT July 15, 2019 in News
COLUMBIA - The first major heat wave of the summer is approaching Missouri and the Midwest. Starting Wednesday and continuing... More >>
6 hours ago Monday, July 15 2019 Jul 15, 2019 Monday, July 15, 2019 4:56:00 PM CDT July 15, 2019 in Weather
KANSAS CITY, Mo. (AP) — Former U.S. Senate candidate Jason Kander is starting a job at a nonprofit for veterans.... More >>
6 hours ago Monday, July 15 2019 Jul 15, 2019 Monday, July 15, 2019 4:04:00 PM CDT July 15, 2019 in News
INDIANAPOLIS (AP) — An investigation shows that a Missouri truck driver accused of causing a vehicle crash that claimed the... More >>
10 hours ago Monday, July 15 2019 Jul 15, 2019 Monday, July 15, 2019 12:42:00 PM CDT July 15, 2019 in News
COLUMIBA - Gas prices jumped up thirty cents overnight on Thursday. Director of Marketing and Communications of GasBuddy Allison... More >>
12 hours ago Monday, July 15 2019 Jul 15, 2019 Monday, July 15, 2019 10:26:00 AM CDT July 15, 2019 in News
COLUMBIA - Mayor Brian Treece officially announced John Glascock as Columbia's official City Manager. The announcement happened at 11... More >>
16 hours ago Monday, July 15 2019 Jul 15, 2019 Monday, July 15, 2019 6:47:00 AM CDT July 15, 2019 in News
COLUMBIA — The Camden County Sheriff's department has confirmed federal aviation officials will investigate a skydiving accident that injured one... More >>
1 day ago Sunday, July 14 2019 Jul 14, 2019 Sunday, July 14, 2019 8:01:00 PM CDT July 14, 2019 in Continuous News
COLUMBIA — Five were injured after a boat explosion Saturday afternoon at the fueling dock of Kings River Marina. ... More >>
1 day ago Sunday, July 14 2019 Jul 14, 2019 Sunday, July 14, 2019 7:23:00 PM CDT July 14, 2019 in News
JEFFERSON CITY - The Missouri River at Jefferson City is now back below minor flood stage as of Saturday afternoon,... More >>
1 day ago Sunday, July 14 2019 Jul 14, 2019 Sunday, July 14, 2019 7:01:00 PM CDT July 14, 2019 in Continuous News
COLUMBIA — A major theft from an agricultural store in Pike County Missouri was thwarted by Ralls County Sheriff's Office... More >>
1 day ago Sunday, July 14 2019 Jul 14, 2019 Sunday, July 14, 2019 6:57:00 PM CDT July 14, 2019 in News
COLUMBIA — Drivers who use the I-70 bridge over the Missouri River near Rocheport will have three opportunities to ask... More >>
1 day ago Sunday, July 14 2019 Jul 14, 2019 Sunday, July 14, 2019 6:33:00 PM CDT July 14, 2019 in News
(CNN) -- Power was fully restored in New York early Sunday after an outage left parts of the city in... More >>
1 day ago Sunday, July 14 2019 Jul 14, 2019 Sunday, July 14, 2019 10:00:00 AM CDT July 14, 2019 in News
LOUISIANA (AP) - Hurricane Barry could affect the environment of the Gulf coast and Lower Mississippi Valley in numerous ways,... More >>
1 day ago Sunday, July 14 2019 Jul 14, 2019 Sunday, July 14, 2019 9:41:00 AM CDT July 14, 2019 in News
COLUMBIA — Deputies from the Gasconade County Sheriff's Office citizens can now rest easy after an investigation into a vehicle... More >>
2 days ago Saturday, July 13 2019 Jul 13, 2019 Saturday, July 13, 2019 5:50:00 PM CDT July 13, 2019 in News
COLUMBIA - The Orr Street Studio hosted it's Second Saturday for Kids event Saturday afternoon. Organizers said the goal... More >>
2 days ago Saturday, July 13 2019 Jul 13, 2019 Saturday, July 13, 2019 2:14:00 PM CDT July 13, 2019 in News
COLUMBIA - Community leaders and project sponsors cut the ribbon off the MU Health Care Pavilion at Columbia's Agriculture Park... More >>
2 days ago Saturday, July 13 2019 Jul 13, 2019 Saturday, July 13, 2019 10:53:00 AM CDT July 13, 2019 in News
Columbia, MO
Broken Clouds 73°
11pm 73°
12am 72°
1am 72°
2am 72°