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Findlay’s Cost of Living Update for 2019’s First Quarter

Among the 257 urban areas that participated in the first quarter 2019 Cost of Living Index, the after-tax cost for a professional/managerial standard of living ranged from more than twice the national average in New York (Manhattan) NY to more than 20 percent below the national average in Harlingen, TX.   The Cost of Living Index is published quarterly by C2ER – The Council for Community and Economic Research. Quarter 1, 2019 marks the 51st Anniversary of the publication.

The Ten Most and Least Expensive Urban Areas in the Cost of Living Index (COLI) First Quarter 2019

National Average for 257 Urban Areas = 100

Most Expensive   Least Expensive  
    COL        COL
Ranking Urban Areas Index Ranking Urban Areas Index
1 New York (Manhattan) NY 238.4 1 Harlingen TX 74.7
2 San Francisco CA 200.1 2 McAllen TX 75.9
3 Honolulu HI 192.9 3 Kalamazoo MI 76.4
4 New York (Brooklyn) NY 186.4 4 Memphis TN 79.3
5 Seattle WA 159.4 5 Richmond IN 80.3
6 Washington DC 158.4 6 Joplin MO 80.7
7 Oakland CA 158.2 7 Tupelo MS 81.7
8 Boston MA 153.5 8 Fayetteville AR 81.9
9 Orange County CA 151.4 9 Conway AR 81.9
10 Arlington VA 151.1 10 Pittsburg KS 82.1

The Cost of Living Index measures regional differences in the cost of consumer goods and services, excluding taxes and non-consumer expenditures, for professional and managerial households in the top income quintile. It is based on more than 90,000 prices covering 60 different items for which prices are collected quarterly by chambers of commerce, economic development organizations, and university applied economic centers in each participating urban area. Small differences should not be interpreted as showing a measurable difference.

The composite index is based on six component categories – housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services.

  13.40%

Grocery Items

29.34%

Housing

8.94%

Utilities

9.22%

Trans-portation

4.26%

Health Care

34.84%

Misc. Goods

And Services

Findlay OH 97.7 87.8 86.4 118.2 103.0 101.7

The City of Findlay’s first quarter 2019 Cost of Living Index was 97.3, 2.7 percent below that of the national average. The City of Findlay’s composite index reflects the following six different categories of consumer expenditures.

The Most to Least Expensive Urban Areas in Ohio in the Cost of Living Index (COLI) First Quarter 2019

National Average for 257 Urban Areas = 100

Ranking Urban Areas COL Index
1 Findlay 97.3
2 Cleveland 95.7
3 Cincinnati 93.4
4 Columbus 92.6
5 Dayton 87.6
6 Ashland 94.8
7 Lima 94.3

Compared to other Ohio cities, Findlay’s data showed that it ranked least expensive in the utilities category. The data shows that Findlay ranked fourth least expensive for grocery prices. Findlay is listed as most expensive in housing and transportation prices, and third most expensive in prices for health care and miscellaneous goods and services.

What Do Groceries Cost?

Each quarter, C2ER collects more than 90,000 prices from communities across the US for the Cost of Living Index. With food prices a big part of the national media attention, C2ER decided to once again feature those communities with the most and least expensive food costs as measured by the grocery item index number.  C2ER collects data on twenty-six items from a variety of surrogate categories to represent the grocery item component of the index.

The Most to Least Expensive Places for Grocery Items by Index Number in the Cost of Living Index (COLI) First Quarter 2019

National Average for 257 Urban Areas = 100

Ranking Urban Areas COL Index
1 Cleveland 106.4
2 Columbus 100.3
3 Ashland 99.2
4 Findlay 97.7
5 Cincinnati 97.5
6 Dayton 96.9
7 Lima 92.8

 

The Most Expensive Cities to Practice Yoga

To better reflect recreational activities available, the Index includes the price for a one-hour drop-in yoga class. With this new data, we thought users would be interested to compare the top five more and five least expensive cities to practice yoga.

The Five Most and Least Expensive Places for a Drop-in Hour Yoga Class First Quarter 2019

Average for 257 Urban Areas = $14.97

Ranking Urban Areas Avg. Price
1 Cleveland 16.60
2 Columbus 16.60
3 Cincinnati 16.20
4 Dayton 15.20
5 Findlay 12.00
6 Ashland 8.5
7 Lima 6.25

 

For more information on the C2ER Cost of Living Index, contact the Chamber at 419-422-3313 or e-mail info@FindlayHancockChamber.com.

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