advertisement

Columbia's cost of living below national average

Index useful to businesses and others looking to relocate
Thursday, January 28, 2010 | 10:11 a.m. CST; updated 11:08 a.m. CST, Friday, January 29, 2010

COLUMBIA — Living costs in Columbia were 8.9 percent below the nationwide average of 100 for 2009. Columbia received a composite index figure of 91.1 in the latest numbers from the American Chamber of Commerce Researchers Association. That means $100 worth of goods purchased in an average U.S. city cost $91.10 in Columbia.

The Columbia Chamber of Commerce collects the local data for the researchers association. Its cost of living index measures differences among cities in the cost of consumer goods and services, excluding taxes and non-consumer spending. The index often is used in evaluating relocation costs and developing wage and salary policy to achieve parity in living standards among cities. It does not measure the the rate of inflation.

The cost of living index is based on six weighted components. Columbia's components were grocery items, 94.9; housing, 80.2; utilities, 92.9; transportation, 91.3; health care, 97.6; and miscellaneous goods and services, 98.0. 


Like what you see here? Become a member.


Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Comments

Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.

advertisements