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The cost of living calculator also breaks down the difference in typical costs between the two locations, including average rent and home prices. Let’s say you currently live in Joplin, Missouri ...
Average cost of living: $72,033. Methodology: For this study, GOBankingRates analyzed 6,300 cities across the United States to find the cheapest and most expensive cost of living cities in each state.
Ankeny, Iowa. Median household income: $103,578 Housing costs as a percent of income: 18.1% Median monthly housing costs: $1,560 Cost-of-living index: 86.6 Find Out: 20 Best Cities Where You Can ...
The Bureau of Economic Analysis has calculated that the regional price parity in 2019 of the 50 largest MSAs ranges from 88.3 in Birmingham, Alabama (which has the lowest cost of living of the 50 most populous MSAs) to 126.7 in San Jose, California (the highest cost of living of the 50 most populous MSAs). An income of $0.88 in Birmingham ...
The list has been created based on the Worldwide Cost of Living data set. The data set comprises 400 individual prices of 160 products and services across 130 cities in 90 countries. Data set was created covering a wide range of products including food and beverage to household supplies, personal care items to clothing.
Cost of living calculations can be used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can be measured in terms of purchasing power parity rates. Major components of the cost of living include food, housing costs and energy. [1]
All the scores were summed and sorted to find American cities with the lowest cost of living in 2024. All data was collected on and is up to date as of April 12, 2024.
For some cities, the disparity between cost of living and household median income are staggering. One such city is Jackson, Wyoming, where the household median income is $101,000, but the cost of ...