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LEE ANN BAUMER, ABR, SRS, CSA, Green, SRES

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Cost of Living to Soar in These Cities

December 22, 2017 1:21 am

Are you concerned about your cost of living heightening in the new year? According to GoBankingRates, some cities will see monumental spikes in their financial livability. See the top 10, below.

Top 10 Cities Where the Cost of Living is Expected to Soar

1. Portland
- Projected change in home value*: 2.81%
- Projected change in rent*: 5.34%
- Average Consumer Price Index (CPI) change 2014-2017: 2.49%

2. Seattle
- Projected change in home value: 4.86%
- Projected change in rent: 5.73%
- Average CPI change 2014-2017: 2.07%

3. Denver
- Projected change in home value: 3.52%
- Projected change in rent: 4.37%
- Average CPI change 2014-2017: 2.36%

4. Atlanta
- Projected change in home value: 3.34%
- Projected change in rent: 5.08%
- Average CPI change 2014-2017: 1.51%

5. San Diego
- Projected change in home value: 2.86%
- Projected change in rent: 3.91%
- Average CPI change 2014-2017: 2.01%

6. San Francisco
- Projected change in home value: 1.40%
- Projected change in rent: 0.92%
- Average CPI change 2014-2017: 2.95%

7. Dallas-Fort Worth
- Projected change in home value: 5.58%
- Projected change in rent: 2.82%
- Average CPI change 2014-2017: 0.87%

8. Phoenix
- Projected change in home value: 3.21%
- Projected change in rent: 3.87%
- Average CPI change 2014-2017: 1.34%

9. Tampa, Fla.
- Projected change in home value: 2.92%
- Projected change in rent: 2.27%
- Average CPI change 2014-2017: 1.22%

10. Miami
- Projected change in home value: 1.39%
- Projected change in rent: 2.38%
- Average CPI change 2014-2017: 1.76%

*Projected change in home value and rent price based on year-over-year change for all years 2014 to 2017.

Source: GoBankingRates.com

Published with permission from RISMedia.