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- Cost of Living scores and indexes are a way to compare the overall price of goods and services between different areas of the United States. The national average is 100, so when you look at a place’s COL Index you can instantly see how much more or less you’ll have to pay to live there. If a place has a cost of living index of 135, then it is 35% more expensive to live there than the national average.
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Cost of Living scores and indexes are a way to compare the overall price of goods and services between different areas of the United States. The national average is 100, so when you look at a place’s COL Index you can instantly see how much more or less you’ll have to pay to live there.
The average monthly cost for utilities in the U.S. is $370.16. Nationwide, the median household income is $67,521 a year, while personal income for individuals is $35,805. The living wage for the United States is $68,808 annually for a family of four. States with the Lowest Cost of Living Index Mississippi Cost of Living Index: 83.3 Groceries: 92.2
Oct 28, 2021 · The index is constructed such that the average U.S. cost of living is normalized to 100. The cost of living was determined based on six major categories of expenses: food, housing, utilities, transportation, healthcare, and consumer discretionary spending.
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