2024 Cost Of Living Increase Rates By State

2024 Cost Of Living Increase Rates By State. Smartasset applied the 50/30/20 budget to cost data in each state to determine the. Inflation rates reflect how much prices have increased since january 2021, and inflation costs reflect how much more the average u.s.

The increase was primarily led by the index for owners’ equivalent rent of residence (+6.1 percent). The consumer prices index including owner occupiers’ housing costs (cpih) rose by 3.1% in the 12 months to august 2024, unchanged from july.