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Findlay’s 2nd Quarter 2019 Cost of Living Update

Among the 255 urban areas that participated in the second 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.

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

Second Quarter 2019 National Average for 255 Urban Areas = 100

Most Expensive Least Expensive
COL    COL
Ranking Urban Areas Index Ranking Urban Areas Index
1 New York (Manhattan) NY 242.5 1 Harlingen TX 73.8
2 San Francisco CA 201.7 2 McAllen TX 75.8
3 Honolulu HI 191.4 3 Kalamazoo MI 77.0
4 New York (Brooklyn) NY 183.2 4 Muskogee OK 79.0
5 Washington DC 163.4 5 Joplin MO 79.2
6 Oakland CA 157.4 6 Memphis TN 79.4
7 Seattle WA 156.1 7 Conway AR 79.7
8 Arlington VA 152.2 8 Richmond IN 80.2
9 Boston MA 151.2 9 Tupelo MS 80.7
10 New York (Queens) NY 149.6 10 Amarillo TX 81.1

 

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 2019 Cost of Living Index was 96.6, 3.4 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. Goods

And Services

Findlay OH 96.1 85.0 91.6 105.2 102.3 105.0

 

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

Second Quarter 2019 National Average for 255 Urban Areas = 100

Ranking Urban Areas COL Index
1 Findlay 96.6
2 Cleveland 95.9
3 Akron 93.0
4 Cincinnati 92.2
5 Columbus 91.5
6 Dayton 88.9
7 Lima 86.1

 

Compared to other Ohio cities, Findlay’s data showed that it ranked second least expensive in the utilities category. The data shows that Findlay ranked third least expensive for grocery prices and fourth least expensive in the health costs category.

 

What Do Groceries Cost?

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)

Second Quarter 2019 National Average for 255 Urban Areas = 100

Ranking Urban Areas COL Index
1 Cleveland 104.6
2 Akron 99.7
3 Cincinnati 96.7
4 Columbus 96.6
5 Findlay 96.1
6 Dayton 93.9
7 Lima 92.1

 

Gas Prices in Ohio Compared to the Most Expensive Cities Throughout the Country

When the Quarter 2, 2019 prices were collected in mid-April, spring break season was in full swing. Take a look at the table below to see what a gallon of gasoline would cost in various cities across the country.

The Cost for a Regular Gallon of Gas in Ohio compared to the Most Expensive Cities in the US

Second Quarter 2019 Average for 255 Urban Areas = $2.701

Most Expensive Cities in the US Participating Ohio Cities
Ranking Urban Areas Avg. Price Ranking Urban Areas Avg. Price
1 San Francisco CA $4.037 1 Columbus $2.818
2 Los Angeles-Long Beach CA $4.020 2 Cincinnati $2.794
3 Orange County CA $4.000 3 Cleveland $2.789
4 Oakland CA $3.979 4 Findlay $2.710
5 Sacramento CA $3.954 5 Dayton $2.632
6 Modesto CA $3.903 6 Lima $2.593
7 Stockton CA $3.827 7 Akron $2.418

 

 

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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