How Do You Calculate The Cost Of Living Index Average?
If you’re a cost conscious consumer and/or are considering relocating to another city, one thing to keep in mind is the cost of living. According to Kiplinger’s Complete City Rankings, every year there is one city in the U.S. that is the least expensive to live in and one city in the U.S. that is the most expensive to live in. While Kiplinger updates its rankings every year, the methodology used to calculate the average index value does not change. Pull up the latest cost of living rankings by Kiplinger. See References for a link. Sort the table from highest to lowest Cost of Living Index by clicking on one of the arrows next to the Cost of Living Index Heading. Find the lowest and the highest values on the index. For 2009, the highest index value was 168 (held by Honolulu, HI), while the lowest cost of living index was 83 (held by Pueblo, CO). Find the difference between the highest and lowest values on the index. This is 168 – 83 = 85. Divide this number by two and add the result to
