Cost of Living

The Gateway Region is a great value place to live. Average wages have risen steadily in the region, even through the recession, resting at $43,310 as of Q3 2016. As for the value of these dollars, the latest data reveals a regional cost of living score of 96.6 compared to the national index score of 100. The region is more affordable than the state overall, on par with the national average, and located in one of the more affordable metropolitan areas in the nation, striking a balance between access to a diverse quality of life and the cost to access it. Cost of living scores are calculated based on the average prices of food and other common goods, essentially representing a purchasing power separate from housing.

Sources: U.S. Bureau of Labor Statistics; Chmura Analytics, Q4 2015; latest data as of May 2016