Sunday, June 14, 2020
Sperlings Best Places Cost of Living Index Top Cities to Live In
Sperlings Best Places Cost of Living Index Top Cities to Live In The cost of living or COL in a city plays a vital role when youâre considering a job offer. Itâs a key factor in salary negotiations, and you can use it to compare the cost of keeping the same living standards in varied locations. Hence, to rank the cities with the lowest COL, we used Sperlings Best Places cost of living index (as of December 2016); Bureau of Labor Statistics (BLS); and the U.S. Newsâ latest price indexes.Top 5 Cities with the Lowest Cost of Living in the United States1. Des Moines, IowaMedian Home Price or MHP: $119,400 Median Household Income or MHI: $46,430Iowaâs capital is the only one out of the 100 largest metro areas with a COL 25% (82.70) lower than the countryâs normal score. Further, with a jobless rate of 4.40% and a job growth of 0.70%, accepting a job offer in Des Moines will be a wise decision. It houses around 60 firms, mainly insurance and agriculture-related trades. Thus, many brand it the âgentleâ big city that has kept a small-town fe el with large city features. In contrast, it lacks amusement and nightlife.2. Omaha, NebraskaMHP: $141,600 MHI: $48,751With a COL 12% (88) lower than the countryâs normal score; a jobless rate of 3.40%; and a job growth of 0.64%, Omaha doesnât fall far from the top. It has always been a gateway and transportation center. Likewise, its diverse economy today includes food production and insurance. The housing values throughout the place are rather excellent. Further, itâs another plus value for the city.3. Indianapolis, IndianaMHP: $136,976 MHI: $42,076This city shows a merged city-county government, which has worked well for organized planning and public redevelopment efforts. Besides, its COL 9.60% (90.40) lower than the United Statesâ normal score is quite attractive. The jobless rate of 4.60% and a job growth of 2.74% are a people-pleaser along with the much renewed downtown, too. In particular, this includes new buildings, pedestrian zones, and a hi-tech sports arena.4. G rand Rapids, MichiganMHP: $115,200 MHI: $39,913For being the main cultural and business hub of Western Michigan, Grand Rapidsâ COL 12.80% (87.20) lower than the countryâs normal score attracts most job seekers. In addition, its jobless rate is 4.50% and job growth is 3.20%.5. Fayetteville, ArkansasMHP: $178,717 MHI: $ 37,350Besides short commute time and low crime rate, Fayettevilleâs cost of living 8.60% (87.20) lower than the United Statesâ normal score add to its appeal. In the same way, its jobless rate of 3.30% and job growth of 6.13% help this city make it to the top five.Studying Sperlings Best Places cost of living index and other price indexes can help you choose the ideal city where you can work well and save more. Therefore, if you need advice from experts and resume writing services to increase your chances of getting a job, Resume Professional Writers can help you. Get in touch with us to learn more about our offers and services.Sources: realestate.usnews.com | www.bls.gov | www.bestplaces.net
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