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 email@example.com.
Current CPI and unemployment rate
Consumer Price Index (CPI-U)
The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0 percent in May on a seasonally adjusted basis after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.6 percent before seasonal adjustment.
Next release: July 13, 2022
3.6% in May 2022
Total nonfarm payroll employment rose by 390,000 in May, and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported. Notable job gains occurred in leisure and hospitality, in professional and business services, and in transportation and warehousing. Employment in retail trade declined.
Next release: July 8, 2022