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City of Findlay Third Quarter 2021 Cost of Living

Among the 263 urban areas that participated in the third quarter 2021 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 Kalamazoo, MI.   The Cost of Living Index is published quarterly by C2ER – The Council for Community and Economic Research.

 

The Ten Most and Least Expensive Urban Areas in the Cost of Living Index (COLI)
Third Quarter 2021
National Average for 263 Urban Areas = 100
Most Expensive Least Expensive
Ranking Urban Areas COL Index Ranking Urban Areas COL Index
1 New York (Manhattan) NY 239.3 1 Kalamazoo MI 76.5
2 San Francisco CA 186.4 2 McAllen TX 77.0
3 Honolulu HI 185.6 3 Harlingen TX 79.0
4 New York (Brooklyn) NY 172.6 4 Muskogee OK 79.6
5 Washington DC 154.4 5 Tupelo MS 81.2
6 Oakland CA 152.8 6 Amarillo TX 81.5
7 Orange County CA 151.9 7 Anniston-Calhoun County AL 82.2
8 Seattle WA 149.4 8 Richmond IN 82.3
9 Boston MA 148.6 9 Pittsburg KS 83.0
10 Los Angeles-Long Beach CA 148.0 10 Jackson MS 83.1

 

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.

The City of Findlay’s second quarter 2021 Cost of Living Index was 92.6, which is 7.4 percent below that of the national average. The City of Findlay’s composite index reflects the following six different categories of consumer expenditures.

 

Grocery Items Housing Utilities Trans-portation Health Care Misc. GoodsAnd Services
Findlay OH 100.6 70.9 91.4 99.1 95.5 104.8

 

 

The Most to Least Expensive Urban Areas in Ohio in the Cost of Living Index (COLI)
Third Quarter 2021
National Average for 263 Urban Areas = 100
Ranking Urban Areas COL Index
1 Cincinnati 93.8
2 Columbus 93.4
3 Dayton 93.3
4 Findlay 92.6
5 Cleveland 92.4
6 Lima 91.6

 

Compared to other Ohio cities, Findlay’s data showed that it ranked second-least expensive in the Housing category. The data also shows that Findlay ranked third least expensive for the costs of Grocery Items, Utilities, and Health Care.

  

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 still being a big part of the national conversation, 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.  See the chart below for the Ohio comparison:

 

The Most to Least Expensive Places for Grocery Items by Index Number in the Cost of Living Index (COLI)
Third Quarter 2021
National Average for 263 Urban Areas = 100
Ranking Urban Areas COL Index
1 Columbus 103.4
2 Cleveland 102.5
3 Lima 101.4
4 Findlay 100.6
5 Cincinnati 100.5
6 Dayton 99.7

 

The Cost to Attend a Yoga Class

After over a year of being at home and living a more sedentary lifestyle due to COVID-19, people are adopting a more holistic view of their health and fitness, including their mental health. Demand for meditation, yoga and fitness classes are booming, but after the peak of fitness facility closures in March 2020, return to in-person activity has been uneven due to varied state and local guidelines and restrictions. Restrictions on occupancy and operational costs from the pandemic have contributed to higher prices for in-person yoga and fitness classes across the county, as reflected in the Cost of Living Index.

The Cost to Attend a Yoga Class in Ohio
Third Quarter 2021
National Average for 263 Urban Areas = $15.86
Ranking Urban Areas Avg. Price ($)
1 Columbus 18.00
2 Dayton 16.60
3 Cleveland 16.20
4 Cincinnati 13.50
5 Findlay 12.00
6 Lima 6.50

 

For more information on the C2ER Cost of Living Index, e-mail info@FindlayHancockChamber.com.

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