Today's Talk: Columbia's living costs rank below national average

3 years 10 months 2 weeks ago Friday, May 29 2015 May 29, 2015 Friday, May 29, 2015 12:35:00 PM CDT May 29, 2015 in News
By: Dani Sureck, KOMU 8 Reporter
loading

COLUMBIA - The Columbia Chamber of Commerce's study on living costs revealed that Columbia ranks 6.4 percent below the national average.

The chamber gathers prices for the Council of Community and Economic Research (C2ER) three times a year. C2ER uses the data to produce cost of living indexes in urban areas.

The chamber reported that for the first quarter of 2015 Columbia finished with a 93.6 index figure. The figure refers to $100 worth of goods purchased in the city.

Chamber President Matt McCormick said Columbia has always ranged below average and the new numbers are good for residents and tourists.

"We have a good solid cost of living, it's not too low and it's not too high and it's staying below that average," McCormick said. "The cost of our health care, the cost of living, things like that is a real draw for people whenever they're taking a look at where do they want to live and where do they want to do business."

The index is weighted through six categories: grocery, housing, utilities, transportation, health care and miscellaneous goods and services.

The report explains that inflation and price change over time are not taken into consideration when calculating the cost of living index.

The lowest cost of living index was reported in McAllen, TX with a 77.2 index and the highest index was Manhattan, NY with an index of 223.7.

More News

Grid
List
JEFFERSON CITY - Domestic abuse survivors testified at a house hearing Tuesday night to push a bill that would keep... More >>
1 day ago Tuesday, April 16 2019 Apr 16, 2019 Tuesday, April 16, 2019 8:36:00 PM CDT April 16, 2019 in News
JEFFERSON CITY - The 22-year-old man arrested for his involvement in a homicide over the weekend is currently enrolled in... More >>
1 day ago Tuesday, April 16 2019 Apr 16, 2019 Tuesday, April 16, 2019 7:26:00 PM CDT April 16, 2019 in News
COLUMBIA -  Columbia Water and Light line workers are getting raises after the Columbia City Council voted to raise wages... More >>
1 day ago Tuesday, April 16 2019 Apr 16, 2019 Tuesday, April 16, 2019 6:40:00 PM CDT April 16, 2019 in News
BOONE COUNTY - A fire significantly damaged a mobile home in northern Boone County around the Pinnacles area. It... More >>
1 day ago Tuesday, April 16 2019 Apr 16, 2019 Tuesday, April 16, 2019 5:46:00 PM CDT April 16, 2019 in News
COLUMBIA - The Daniel Boone Regional Library was evacuated due to a bomb threat on Tuesday, according to the Columbia... More >>
1 day ago Tuesday, April 16 2019 Apr 16, 2019 Tuesday, April 16, 2019 11:35:00 AM CDT April 16, 2019 in News
JEFFERSON CITY - Tuesday members of landowner alliances and other agricultural organizations throughout the state will rally together in support... More >>
2 days ago Tuesday, April 16 2019 Apr 16, 2019 Tuesday, April 16, 2019 2:32:00 AM CDT April 16, 2019 in Top Stories
COLUMBIA - Gaelle Fournier, a current MU student from France, said she is devastated by the destruction of the fire... More >>
2 days ago Monday, April 15 2019 Apr 15, 2019 Monday, April 15, 2019 11:13:00 PM CDT April 15, 2019 in News
JEFFERSON CITY - A Jefferson City corrections officer is facing criticism for a Facebook post. The officer posted a... More >>
2 days ago Monday, April 15 2019 Apr 15, 2019 Monday, April 15, 2019 11:00:00 PM CDT April 15, 2019 in News
JEFFERSON CITY - The Senate's education committee has started debate on letting public schools hold classes on the Bible and... More >>
2 days ago Monday, April 15 2019 Apr 15, 2019 Monday, April 15, 2019 11:00:00 PM CDT April 15, 2019 in News
GASCONADE- Authorities are trying to identify human remains found inside a barrel on the Gasconade River.  According to a... More >>
2 days ago Monday, April 15 2019 Apr 15, 2019 Monday, April 15, 2019 10:24:00 PM CDT April 15, 2019 in News
COLUMBIA – After years of criticism over racial disparities in traffic stop data, the Columbia Police Department is putting together... More >>
2 days ago Monday, April 15 2019 Apr 15, 2019 Monday, April 15, 2019 9:15:00 PM CDT April 15, 2019 in News
COLUMBIA - Brian Garner claims to be Mizzou football’s biggest fan, and to prove it, he's got a decade's worth... More >>
2 days ago Monday, April 15 2019 Apr 15, 2019 Monday, April 15, 2019 8:43:00 PM CDT April 15, 2019 in News
JEFFERSON CITY — A Missouri lawmaker wants to tackle access to care for mental health patients. Rep. Jim Neely,... More >>
2 days ago Monday, April 15 2019 Apr 15, 2019 Monday, April 15, 2019 7:26:00 PM CDT April 15, 2019 in News
JEFFERSON CITY - Officials on both sides are debating a bill that puts education at odds with tourism Monday night.... More >>
2 days ago Monday, April 15 2019 Apr 15, 2019 Monday, April 15, 2019 6:45:00 PM CDT April 15, 2019 in News
BOONE COUNTY - There are still no answers about who killed Melissa Peskey, the Sioux Falls mother who was driving... More >>
2 days ago Monday, April 15 2019 Apr 15, 2019 Monday, April 15, 2019 6:24:00 PM CDT April 15, 2019 in News
COLUMBIA - The Columbia City Council voted for raises for lineworkers at Monday night's meeting. Each journeyman lineworker would... More >>
2 days ago Monday, April 15 2019 Apr 15, 2019 Monday, April 15, 2019 6:13:00 PM CDT April 15, 2019 in News
FULTON - What was once a vacant gas station is now the home of the new Fulton Soup Kitchen. ... More >>
2 days ago Monday, April 15 2019 Apr 15, 2019 Monday, April 15, 2019 6:01:00 PM CDT April 15, 2019 in News
JEFFERSON CITY - The person who will oversee how voting districts are mapped would be subject to a string of... More >>
2 days ago Monday, April 15 2019 Apr 15, 2019 Monday, April 15, 2019 4:24:00 PM CDT April 15, 2019 in News
Columbia, MO
Broken Clouds 52°
8am 50°
9am 51°
10am 51°
11am 52°