Cost of Living
Data and tools
- Consumer Price Index
Data from the Bureau of Labor Statistics
- How to Use the Consumer Price Index for Escalation
- Calculate inflation over time
Allows you to calculate what a salary in a given year would have to be today to maintain the same buying power
- Compare cost of living between cities
Lets you choose a salary level and two cities and calculates the salary needed to afford a comparable living standard
Which data should I use?
- Should I use monthly CPI figures or annual averages?
Calculating annual inflation for a specific month (for example, from December to December) gives you more recent data, but using annual averages smooths out the volatility that can occur in monthly CPI data.
- Should I use seasonally adjusted or unadjusted data?
BLS advises using unadjusted CPI data for escalation clauses
- National, regional and city CPI measures:
BLS advises using national or regional CPIs for escalator clauses instead of city-specific CPI
What is a Living Wage In My Area?
Other Economic Statistics
- Employment and Unemployment Rates and Trends
From the Bureau of Labor Statistics
- Cornell Industrial & Labor Relations Guide
Guide to statistical sources
- Moody’s economic data and forecasts
For the U.S., states and metropolitan areas, including employment growth, personal income, retail sales, CPI and more. Contact the Research Department at 202-429-1215 or firstname.lastname@example.org.
Current CPI and unemployment rate
3.5% in November 2019
Total nonfarm payroll employment increased by 266,000 in August, and the unemployment rate was little changed at 3.5%, the U.S. Bureau of Labor Statistics reported. Notable job gains occurred in health care and in professional and technical services. Employment rose in manufacturing, reflecting the return of workers from a strike.
Next release: January 10, 2020