Cost of Living Shakeup: How Price Changes Affected U.S. Cities This Year – 2023 Study

Politic Negro

Rising Star
BGOL Investor
To see where the cost of living has gone up the most relative to the national average, SmartAsset compared economic data from the first quarter of 2023 and the first quarter of 2022 for 237 areas.

Key Findings


  • Relative to the U.S. average, New York City and San Francisco costs dropped about 15%. Prices in Manhattan and Brooklyn came down nearly 16% from the previous year, relative to average U.S. costs. In San Francisco, the cost of living fell by more than 14% when compared with the national average, while prices in Chicago dropped 12% during that same time period.
  • Miami overtakes Fort Lauderdale as the most expensive Floridian city. Fort Lauderdale had the biggest decrease at 2.7%, relative to Miami’s 1.5% drop. Both cities are roughly 20% more expensive than the average American city, but now Miami slightly outranks Fort Lauderdale. Across Florida, cost of living decreased relative to U.S. average, with a 0.74% average decrease.
  • Costs in this Texas city increased most. Relative to the average cost of living, prices in Plano, Texas are up nearly 10 points from 2022. Other places where prices increased most include Kalamazoo, MI and the Hampton Roads area of VA – the cost of living jumped 8.8% and 8.6%, respectively, when compared with the nation at large.
  • Harlingen, TX is the most affordable area in the nation. Located on the southern tip of Texas near the U.S.-Mexico border, Harlingen has the lowest cost of living among all 237 areas we evaluated. Harlingen prices are more than 24% lower than the national average.

Where Cost of Living Increased the Most​

Cities are ranked by the percentage change in costs between Q1 2022 and Q1 2023, relative to the U.S. average.

MISSING: summary MISSING: current-rows. MISSING: sort-direction / descending MISSING: sort-column
RankArea2023 Q1 Index2022 Q1 IndexChange
1Plano TX1221129.5%
2Kalamazoo MI83748.8%
3Hampton Roads-SE Virginia VA104968.6%
4Tulsa OK92866.1%
5Terre Haute IN97916.0%
6Hutchinson KS89835.7%
7Pueblo CO99935.4%
8Douglasville-Douglas County GA95905.0%
9Grand Rapids MI97924.8%
10Jackson MS85814.7%
11Champaign-Urbana IL91864.6%
12Colorado Springs CO1091044.6%
13Hattiesburg MS90854.4%
14Winchester VA-WV101974.4%
15Findlay OH92884.3%
MISSING: summary MISSING: current-rows. MISSING: sort-direction / descending MISSING: sort-column
RankArea2023 Q1 Index2022 Q1 IndexChange
15Waco TX91874.3%
17Kankakee IL90854.3%
18Martinsville-Henry County VA88844.2%
19Evansville IN94894.1%
19Anniston-Calhoun County AL87834.1%
21Bellingham WA1231194.0%
21Savannah GA92884.0%
21Amarillo TX87834.0%
24Midland TX94903.8%
24Thomasville-Lexington NC86833.8%
26Grand Junction CO102983.7%
26Raleigh NC98943.7%
28Lincoln NE93893.7%
29St. Louis MO-IL89853.6%
30Chapel Hill NC1041013.3%
MISSING: summary MISSING: current-rows. MISSING: sort-direction / descending MISSING: sort-column
RankArea2023 Q1 Index2022 Q1 IndexChange
31Dubuque IA92893.3%
32Fayetteville AR93903.2%
32Decatur-Hartselle AL86833.2%
34Edmond OK91883.1%
35Knoxville TN87843.0%
36Tucson AZ1041022.7%
36Fort Wayne-Allen County IN92892.7%
36Dublin-Laurens County GA87842.7%
36Muskogee OK80772.7%
40Prescott-Prescott Valley AZ1161132.7%
41Wichita KS91882.6%
42Louisville KY97942.6%
42Augusta-Aiken GA-SC86832.6%
44Cedar Park TX93912.5%
44Memphis TN89872.5%
RankArea2023 Q1 Index2022 Q1 IndexChange
44Nacogdoches TX88862.5%
47Dayton OH95932.4%
48Milwaukee-Waukesha WI101992.3%
48San Antonio TX92892.3%
50Houston TX94922.2%
50Indianapolis IN93912.2%
50Lynchburg VA92902.2%
50Ardmore OK85832.2%
54Cheyenne WY96942.1%
55Huntsville AL92902.1%
56Columbus OH91892.0%
57Denver CO1121101.9%
57Nashville-Murfreesboro TN99971.9%
59Sacramento CA1201181.9%
59Richmond IN84821.9%
MISSING: summary MISSING: current-rows. MISSING: sort-direction / descending MISSING: sort-column
RankArea2023 Q1 Index2022 Q1 IndexChange
61Dallas TX1031011.8%
61Baton Rouge LA98961.8%
61Omaha NE94921.8%
61Enid OK88861.8%
61Jackson-Madison County TN86841.8%
66Charleston-N Charleston SC99981.7%
66Lubbock TX91901.7%
68Tyler TX97951.7%
68Salina KS84821.7%
70Greenville SC92901.6%
71Olympia WA1151131.6%
71Charlotte NC99971.6%
71Lake Charles LA87851.6%
74Allentown PA1061051.5%
74Cincinnati OH98961.5%
RankArea2023 Q1 Index2022 Q1 IndexChange
74Montgomery AL88871.5%
77Winston-Salem NC96941.4%
77Corpus Christi TX91891.4%
79Albuquerque NM94921.4%
80Cleveland OH94931.3%
80Jacksonville FL95931.3%
82Buffalo NY95941.2%
82Manhattan KS92911.2%
82Florence AL84831.2%
85Mankato MN93911.1%
85Chattanooga TN93911.1%
87Roanoke VA93921.0%
87Wilkes-Barre PA93921.0%
89Fond du Lac WI90890.9%
89Tupelo MS82810.9%
RankArea2023 Q1 Index2022 Q1 IndexChange
91Richmond VA96950.9%
91Des Moines IA87860.9%
93Ames IA94930.8%
93Shreveport-Bossier City LA92910.8%
95Charlottesville VA1031020.8%
96Conway AR83830.7%
97Oklahoma City OK85840.7%
98Blacksburg VA96950.6%
99Cape Coral-Fort Myers FL1071060.5%
99Madison WI1041030.5%
99Yakima WA98980.5%
99Conroe TX94940.5%
99Waterloo-Cedar Falls IA87870.5%
104Temple TX93920.2%
104South Bend IN87870.2%
RankArea2023 Q1 Index2022 Q1 IndexChange
106Reno-Sparks NV1051050.2%
107Westminster CO1071070.1%
107Charleston WV90900.1%
109Tampa FL99990.0%
109Sioux Falls SD91910.0%
111Sarasota FL106106−0.1%
111Burlington IA8787−0.1%
113Eau Claire WI9899−0.2%
113Birmingham AL9393−0.2%
113El Paso TX8888−0.2%
116Juneau AK127128−0.3%
117Davenport-Moline-Rock Is IA-IL8888−0.3%
118Fort Worth TX9495−0.4%
119Middlesex-Monmouth NJ114114−0.4%
119Phoenix AZ104104−0.4%
RankArea2023 Q1 Index2022 Q1 IndexChange
119Peoria IL8889−0.4%
122Dothan AL9090−0.5%
123Bozeman MT121122−0.6%
123Austin TX101102−0.6%
123Morgantown WV9191−0.6%
123Harlingen TX7677−0.6%
127Bloomington IN9999−0.6%
128Spokane WA101102−0.7%
128Hot Springs AR9495−0.7%
128Spartanburg SC9394−0.7%
128Great Falls MT8687−0.7%
132Dalton GA8889−0.8%
133Bullhead City AZ9091−0.9%
134Tallahassee FL9495−0.9%
135Detroit MI102103−1.0%
RankArea2023 Q1 Index2022 Q1 IndexChange
135Columbia SC9394−1.0%
135Wichita Falls TX9192−1.0%
138Valdosta GA9192−1.1%
139Meridian MS8586−1.2%
140Surprise AZ99100−1.2%
141Scranton PA9394−1.3%
141Morristown TN8788−1.3%
143Danville City VA8789−1.4%
144Kitsap County WA120121−1.4%
145Fairbanks AK123124−1.5%
145Miami-Dade County FL119120−1.5%
145New Orleans LA110111−1.5%
145Broken Arrow OK8789−1.5%
145Monroe LA8687−1.5%
145Pittsburg KS8385−1.5%
RankArea2023 Q1 Index2022 Q1 IndexChange
151Orlando FL102103−1.6%
152Abilene TX9192−1.6%
152Casper WY9192−1.6%
154Vero Beach-Indian River FL9395−1.7%
155Kansas City MO-KS9395−1.9%
156Odessa TX9193−1.9%
157Burlington-Chittenden County VT115117−2.0%
157Flagstaff AZ113115−2.0%
157Grand Forks ND9193−2.0%
157Green Bay WI9092−2.0%
157Springfield MO8587−2.0%
157Ponca City OK8385−2.0%
163San Diego CA143145−2.2%
163Alexandria LA8790−2.2%
165Pittsburgh PA98100−2.2%
RankArea2023 Q1 Index2022 Q1 IndexChange
166Providence RI111113−2.3%
166Lexington KY9193−2.3%
168Bergen-Passaic NJ118120−2.3%
169Kokomo IN8587−2.4%
170Boston MA148151−2.4%
170Manchester NH115117−2.4%
172Bakersfield CA109111−2.5%
172Wilmington DE106108−2.5%
172Asheville NC99101−2.5%
172Lafayette LA8790−2.5%
176Beaumont TX9497−2.6%
177Boise ID106109−2.6%
178Fort Lauderdale FL118121−2.7%
179Los Angeles-Long Beach CA149152−2.8%
179Kennewick-Richland-Pasco WA98100−2.8%
RankArea2023 Q1 Index2022 Q1 IndexChange
181Thibodaux-Lafourche Parish LA9194−2.9%
182Jonesboro AR8689−3.1%
183Dover DE100103−3.2%
184Auburn-Opelika AL9194−3.3%
185St. Cloud MN96100−3.4%
185Decatur IL7881−3.4%
187Baltimore MD103107−3.5%
188Portland ME112115−3.6%
189Minot ND9397−3.6%
190Atlanta GA100104−3.7%
190Cedar City UT9498−3.7%
192Ogden UT98102−3.7%
192Las Vegas NV98101−3.7%
192Springfield IL9094−3.7%
195Sussex County DE103106−3.9%
RankArea2023 Q1 Index2022 Q1 IndexChange
195Laramie WY9296−3.9%
197Salt Lake City UT107111−4.0%
198Pierre SD96100−4.1%
199San Juan-Bayamón-Caguas PR97101−4.1%
199St. Paul MN9498−4.1%
199Columbia MO9195−4.1%
202Provo-Orem UT102107−4.3%
203Mount Vernon-Skagit County WA117121−4.4%
203Salisbury NC9195−4.4%
203Las Cruces NM8993−4.4%
206Orange County CA150155−4.5%
206Marshfield WI8791−4.5%
208Bismarck-Mandan ND96101−4.6%
209Stockton CA119124−4.7%
210Newark-Elizabeth NJ118122−4.8%
RankArea2023 Q1 Index2022 Q1 IndexChange
210Hartford CT103108−4.8%
212Albany NY104108−4.8%
213Houma-Terrebonne Parish LA9196−5.0%
214Philadelphia PA101106−5.1%
215Stamford CT128133−5.3%
216Rockford IL8490−5.5%
217Minneapolis MN94100−5.8%
218Seattle WA145151−6.2%
219Portland OR121127−6.7%
220Arlington VA140147−7.0%
220Morristown NJ108115−7.0%
222New Haven CT109116−7.4%
223Lake Havasu City AZ126133−7.6%
224Anchorage AK122130−7.8%
225Modesto CA112120−8.2%
RankArea2023 Q1 Index2022 Q1 IndexChange
226Oakland CA140149−9.0%
226Alexandria VA135144−9.0%
228New York (Queens) NY136146−9.2%
229Washington DC149159−10.1%
230Bethesda-Gaithersburg-Frederick MD136146−10.3%
231Hastings NE8494−10.4%
232Chicago IL114126−12.0%
233Eugene OR109123−13.5%
234Honolulu HI179193−13.7%
235San Francisco CA170184−14.3%
236New York (Manhattan) NY222238−15.8%
236New York (Brooklyn) NY159175−15.8%
 
Back
Top