COST OF LIVING INFORMATION RELEASED

The 2022 Annual Average Cost of Living Index (COLI) was released in January. The COLI is put together by the Center for Regional Economic Competitiveness and is an analysis of average prices submitted by 265 urban areas across the United States. The COLI compares all 265 submitted urban areas with a score of 100 being average. The information collected is also used to populate the Cost of Living Calculator on the Chamber EDC website. The calculator determines what salary someone would need to earn in Bismarck-Mandan to compare to what that person is earning in any of the other 264 urban areas.

Both the index and the calculator assist the Chamber EDC is our talent attraction efforts. The comparison to other area communities is shown below.