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Where cost of living increased and decreased most

SmartAsset analyzed cost of living changes between 2023 and 2024 across 240 U.S. Cities and Lima, Ohio.
The study compared inflation-adjusted costs of essentials like housing, utilities, transportation, and medical expenses to identify price shifts.
Cost of living dropped in 14 cities, led by Lima, Ohio, which fell 4.4% and is now 7.2% cheaper than the national average.
Peoria, Illinois, had the largest cost increase at 12.8%, and Queens, New York, rose 11.5%, with Queens now about 50% more expensive than average.
These fluctuations suggest local economies and residents should monitor cost shifts given their potential rapid changes and ripple effects.

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Where cost of living increased and decreased most

SmartAsset compared relative cost of living data across 240 U.S. cities between 2023 and 2024 to identify places where costs are changing most suddenly.

3 days ago

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