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
Consumer Price Index (CPI-U)
The Consumer Price Index for declined 0.1 percent in May on a seasonally adjusted basis after falling 0.8 percent in April. Over the last 12 months, the all items index increased 0.1 percent before seasonal adjustment.
Next release: July 13, 2020
13.3% in May 2020
Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent, the U.S. Bureau of Labor Statistics reported. In May, employment rose sharply in leisure and hospitality, construction, education and health services, and retail trade. By contrast, employment in government continued to decline sharply.
Next release: July 2, 2020