How is a cost of living index calculated?

How is a cost of living index calculated?

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Synthesized from Multiple Websites •By Ophelia Hawthorne • Published 11 years ago

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  • Select “Calculators” from the left hand menu
  • Choose the Cost of Living Index Calculator (COLI): The COLI report calculates cost of living indexes for the locations you select using the base location you specify.
  • Reference Information: Give your report a reference.

    • Q. What is the best state to live in with the lowest cost of living?

    Mississippi
    Mississippi Mississippi has the lowest cost out of living of all 50 states. Mississippi’s cost of living index is 84.8. At a housing index of 66.7, Mississippi has the lowest housing costs in the country, with the average home price at $128,000 ad the average rent for a two-bedroom apartment at $795 per month.

    Q. What state is the least expensive to live in?

    Here are the 10 most affordable states in the U.S.:

    • Indiana. Average cost of living index: 90.57.
    • Michigan. Average cost of living index: 90.40.
    • Missouri. Average cost of living index: 89.75.
    • Tennessee. Average cost of living index: 89.49.
    • Georgia. Average cost of living index: 89.30.
    • Arkansas.
    • Alabama.
    • Oklahoma.

    Q. What city has the highest cost of living?

    New York City, New York. New York City leads the pack as the most expensive city in the United States.

  • San Francisco, California.
  • Honolulu, Hawaii.
  • Boston, Massachusetts.
  • Washington, D.C.
  • Oakland, California.
  • San Jose, California.
  • San Diego, California.

    • Q. What’s the best state to run away to?

    10 Best States to Move to for a Better Quality of Life

    • New Hampshire.
    • New Jersey.
    • Colorado.
    • Wisconsin.
    • Virginia.
    • Iowa.
    • Utah.
    • Idaho.
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