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Have you heard the one about the homeschooling family that lives on less than $22K a year in an area that costs above 100% (116%) of the National CoL Index?

I haven't quite figured out why so many people still persist in perpetuating the myth that living on a single income and homeschooling on a dime aren't possible. I can only suppose these are people who can't imagine life without a daily trip to Starbucks and dinner out several times a week. The people who actually shop at malls (*shudder*) and think "Brand Name = Best". The people who really live by the "Keeping up with the Joneses" mentality.

That? Would not be us!

Welcome to our world. We cook from scratch. Buy from thrift stores. Find 95% of our homeschool materials for free. This is my blog and this is how we do it.

Thursday, May 31, 2007

The Cost of Living Index.

Here's a link to the CoL index for the LAST QUARTER OF 2006 - the most updated charts I could find. It's an interesting comparison, but must be taken with a small grain of salt. Because these numbers are state-wide, they are skewed through averaging. For instance, it costs considerably more to purchase/rent a home in Miami, Florida than it does to find one in Ocala, Florida. But for a general idea of how your local costs compare with other states, this is a fairly accurate representation.

The CoL Index is also a good thing to consult if you are considering moving to a new state, especially for a new job. You want to make sure that the "great salary" being offered really is "great" and not something that will actually be harder to live on because your new home costs three times what your last one did!

If you want a more accurate number, try googling "Cost of Living" plus the name of your city/town. Not all cities participate in census surveys, but you may be able to find some more detailed information.

While my state's CoL is 103.6%, my city is actually higher, at 116% for the first quarter of 2007. Ouch. In 2000, my city was only 98%. We are being stretched thin here. I assure you no one I know has received a pay increase to keep up with the rising costs! We just all have to make-do as best we can.



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