BULLHEAD CITY, Ariz.–Bullhead City remains the most affordable city in Arizona according to the First Quarter 2015 Cost of Living Index (COLI), published by the Council for Community and Economic Research in Arlington, Virginia. The COLI report, published in May, provides comparative data for 265 urban areas in all 50 states.
Bullhead City’s cost of living index for the first quarter of 2015 was 91.7 percent, which is 8.3 percent lower than the national average.
The COLI measures relative price levels for consumer goods and services in participating areas. The average for all participating places equals 100 and each participant’s index is read as a percentage of the average for all places. It includes separate weighted sub-indices for grocery items, housing, utilities, transportation, health care and miscellaneous goods and services. The COLI doesn’t measure local price changes from period to period, but rather changes in how local prices compare to prices in other areas from period to period.
Statewide, there were seven cities that participated in the COLI for first quarter of 2015 (Q12015). In addition to Bullhead City, other participating cities were Lake Havasu City, Phoenix, Prescott-Prescott Valley, Sierra Vista, Tucson, and Yuma. Of those participating areas for Q12015, Bullhead City recorded the lowest overall cost of living index of 91.7 percent, for this period.
The cost of living in Bullhead City for Q12015 was 9.9 percent lower than Lake Havasu City and Yuma and 4.5 percent lower than the Prescott-Prescott Valley area.
Comparing local grocery items; Bullhead City’s index was 93.9 percent, which is 6.1 percent below the national average and City of Sierra Vista’s index recorded the lowest at 92.7 percent, which is 7.3 percent below the national average.
Local utilities and transportation costs for Bullhead City was 23.7 percent below the national average and transportation costs was 7.2 percent below. Bullhead City’s costs were lower when compared to the other six participating Arizona cities.
Housing costs in Bullhead City was 13.7 percent below the national average for Q12015 and compared to the other six participating Arizona cities, Bullhead City’s housing costs of 86.3% was the lowest with the exception of Tucson costs of 81.7 percent, an18.3 percent below the national average.
Review of health care costs for the seven cities indicate Bullhead City’s costs was 99.9 percent, still below the national average as well as Sierra Vista at 94.7 percent, Prescott-Prescott Valley at 95.0 percent, Yuma at 96.0 percent and Phoenix area at 97.2 percent.
Among the 265 urban areas that participated in the first quarter 2015 Cost of Living Index, the index ranked New York (Manhattan) NY as the most expensive at 223.7 percent and McAllen, TX as the least expensive at 77.2 percent.
COLI data for the City of Bullhead is collected by the City Manager’s Administrative staff and submitted to the Council for Community and Economic Research for inclusion in the index.
“Compared to other cities across Arizona and the nation, a dollar goes farther in Bullhead City,” said City Manager Toby Cotter. “This is why we continue to see individuals from southern California and the Midwest build second homes, retirement homes and relocate to our community.”
If you have any questions on the cost of living data, please feel free to contact the City Manager’s office at (928)763-9400. Please feel free to check out the Cost-of-Living Index Calculator on the City’s website, go towww.bullheadcity.com/movingto.