How Affordable Is It To Live In Cincinnati?

Nov 10, 2015

Where you live can have a dramatic impact on how far your money will go.
Credit flickr.com

Where you live can have a dramatic impact on how far your money will go and what type of lifestyle you lead. According to one online cost-of-living calculator, someone earning an annual salary of $50,000 in Cincinnati would need to make $80,000 to maintain the same standard of living in Boston. But just $47,000 in Cookeville, Tennessee.

Joining us to look at the factors used to determine a cost of living index, and how Greater Cincinnati compares to other cities in affordability, are Cincinnati Business Courier Editor Rob Daumeyer and Chris DeSimio, a financial advisor with Wells Fargo Advisors in Cincinnati.

If you would like to compare the cost of living in U.S. cities, visit the Economic Policy Institute Budget Calculator, CityRating.com, Sperling's Best Places, or CNN Money.

Listeners are reminded that the information provided on today's show is general in nature and may not apply to their personal investment situations.