accra cost of living index
The index publishes a national average for the cost of each item in a category and extrapolates an expected expenditure by various family types in a specific area based on the variance from the national baseline across categories.
Family of four estimated monthly costs: GH₵14,327 Single person estimated monthly costs: GH₵8,105 WARNING! Need reliable cost of living comparisons? We also offer a variety of other publications to allow local cost comparisons.The Cost of Living Index relies on volunteers like you. The index uses a set of broad categories calculated based upon
The cost of living is the amount a person needs to spend to cover basic expenses such as housing, food, taxes, and healthcare. The Cost of Living Index (COLI), formerly the ACCRA Cost of Living Index is a measure of living cost differences among urban areas in the United States compiled by the Council for Community and Economic Research. Published since 1968, COLI is available in print and various electronic formats.
A similar approach across categories led to a national average of $5,976 per month in 2017 for a husband and wife with children under six years of age. Compare your area with more than 300 urban areas using the quarterly C2ER Cost of Living Index (COLI). Employers might use COLI data to ensure their pay remains competitive with salaries in other areas or to ensure that job seekers considering a move understand how much farther their take-home pay would go.
The offers that appear in this table are from partnerships from which Investopedia receives compensation. Managing employee salaries for multiple cities? Deciding if that job offer in another city is actually better than what you have now? Job seekers and human resources departments can use the ACCRA Cost of Living Index to compare salaries and salary requirements in different parts of the country by looking at the deviation from average in a given area. Price comparison data exist within the index for over 300 U.S. cities, aggregated by county and by
Cost of Living Index for Selected U.S. Cities, 2010 Updated February 11, 2017 | Infoplease Staff The following table shows the cost of living in U.S. cities according to percent of income spent on goods, including groceries, housing, utilities, transportation, health care, and more. Average rental costs for apartments and average home sale prices yield a cost for housing.
For example, the index looks at a variety of staple grocery items to generate its overall category expenditure, including items such as ground beef, eggs, bananas, coffee, and facial tissues. The ACCRA Cost of Living Index or ACCRA COLI is designed to compare the living expenses for various regions of the country. You are looking at Cost of Living Index 2020 Mid-Year. Data collection for Quarter 2, as well as the Quarter 2 publication, have been cancelled due to COVID-19. The ACCRA Cost of Living Index is a quarterly publication put out by the American Chamber of Commerce Researchers Association and the Council for Community and Economic Research. Owners’ equivalent rent (OER) is the amount of rent that would need to be paid to substitute a currently owned house as a rental property. Learn About COLI.
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