What is Cost of Living?

Cost of living is the amount of money necessary for one to be capable of maintaining a certain standard of living in a particular location. This measurement helps to assess the affordability of a city, state, or country, and is vital specifically for those who are planning to relocate to a new environment and they want to know how the move would affect their budget. As an index, it offers an accurate basis of comparison between one’s present location and that which they are considering for their relocation.

This theoretical price index measures the relative cost of living between locations over time. There is no official cost of living index provided by the government. Instead, several different agencies research on the prices of a representative sample of goods and services and ascertain how each of these items would affect a person’s budget within a period of one year.

2019 Cost of Living Index in Meridian, ID

If you are considering moving to Meridian, ID, you might want to check the cost of living index table below before you make a final decision. This table would help you evaluate this possibility and give you an idea about the affordability of this city. The information provided below are the most recent cost of living indexes for Meridian, the state of Idaho, and the United States. The primary location here is the United States, so all of the values under this are set at 100, while the values for Meridian and Idaho would either be more or less than 100, as these are based on the actual costs of the basic expenses in these areas.