The Cost-of-Living Index (COLI) Annual Average Data report for the second quarter of 2019 was just released and Bullhead City is once again the most affordable city in Arizona and one of the most affordable cities in the nation. Bullhead City was reported again as the most affordable city in Arizona with an overall composite index of 91.1 percent. This report represents the average prices submitted by the participating 255 urban areas nationwide.
A city’s composite index is made up of six components; grocery items, housing, utilities, transportation, health care and miscellaneous goods and services. The cost-of-living doesn’t measure local price changes from period to period, but rather changes in how local prices compared to prices in other areas from period to period. The breakdown of the six components for the City of Bullhead City this reporting period is 89.3 percent for housing costs, 85.7 percent for utilities costs, 96.9 percent for transportation costs, 91.6 percent for healthcare, 98.4 percent for grocery items and 89.5 percent for misc. goods and services. When compared to the other Arizona cities that participated, Bullhead City is the lowest in utilities and transportation, second for miscellaneous goods and services and third for healthcare.
The City’s low cost of living continues to drive the economy, which is very attractive to new businesses looking at opening a new location away from higher costs areas such as southern California’s Orange County at 148.6 percent and Los Angeles-Long Beach at 146.8 percent. The other seven Arizona cities that participated this quarter and their overall composite scores are: Flagstaff 114.9, Lake Havasu City 106.3 percent, Phoenix 99.1 percent, Surprise 91.5 percent, Prescott-Prescott Valley 105.9, Tucson 97.4 and City of Yuma 94.7 percent.
“Bullhead City residents enjoy this affordable lifestyle thanks to our businesses, home builders, and industries that work to keep costs in check,” City Manager Toby Cotter said. “This low cost of living will continue to attract residents to Bullhead City.”
If you have any questions concerning the cost of living data, please feel free to contact the City Manager’s office at (928)763-9400. Also, please feel free to check out the Cost-of-Living Index Calculator on the City’s website at www.bullheadcity.com/movingto.
Photo Credit: DesertUSA.com