What is the Cost of Living Index?

Answer

A cost of living index measures cost of living over time. It is a theory developed by A.A. Konus. He proposed that consumers get the most use out of their money and that is the basis of his theory thus the reasoning behind the cost of living index.

1 Additional Answer

If you are considering relocating, this is a number you should know! The cost of living index is a tool, based on a formula, to compare the cost of living in many locations around the country. A score of 100 indicates the national average cost of living. Factors used in the formula can include: housing costs, health care, grocery prices, salary rates, and utility expenses. A score higher than 100 indicates that living in that city will be more costly than the national average, likewise. lower scores are less expensive places to reside. Look here for more information: http://www.infoplease.com/business/economy/cost-living-index-us-cities.html

Q&A Related to "What is the Cost of Living Index?"

What is the Cost of Living Index?

A cost of living index measures cost of living over time. It is a theory developed by A.A. Konus. He proposed that consumers get the most use out of their money and that is the basis

http://answers.ask.com/Society/Government_and_Law/...

how to calculate cost of living index?

1. Select two cities to compare. In order to get a true calculation you will need to pick a city to compare against. For this example, we will use Washington, D.C., for a U.S. city

http://www.ehow.com/how_6200346_calculate-cost-liv...

how to use a cost of living index?

1. Pick two cities to compare. If you have received two job offers, compare the offers to each other and look at each offer separately. If you have received one, you can compare your

http://www.ehow.com/how_2273762_use-cost-living-in...

how to calculate the cost of living index average?

1. Pull up the latest cost of living rankings by Kiplinger. See References for a link. 2. Sort the table from highest to lowest Cost of Living Index by clicking on one of the arrows

http://www.ehow.com/how_5941356_calculate-cost-liv...