• Cost of Living

    Feb 04, 2016

    In 2015 St. Louis ranked 2nd lowest for cost of living of the top 20 U.S. metropolitan areas.  With a composite rating of 92.5, St. Louis falls only behind Tampa, at 91.6. This makes St. Louis very affordable, as it is 7.5% less expensive to live in St. Louis than the average U.S. metropolitan area (100.0). It’s also below the higher costs of Dallas (96.1), Chicago (116.2), Boston (144.3), and New York’s Manhattan borough (227.4).

    Every year, the Council for Community and Economic Research releases the comprehensive ACCRA Cost Of Living Index for U.S. metropolitan areas. Composite ratings are produced from the cost of grocery items, housing, utilities, transportation, healthcare, and miscellaneous goods/services for each area.

    St. Louis Metro Cost of Living Index - Components 

    100% Composite Index

    Grocery Items

    Housing

    Utilities

    Transportation

    Health Care

    Misc. Goods and Services

    92.5

    104.6

    72.0

    116.5

    98.7

    99.8

    94.4

    *The effect of taxes are not included in the Cost of Living Index due to the difficulty of comparing various taxes across areas.

    St. Louis is especially affordable for housing prices.  St. Louis came in at 72.0 on the housing index, significantly below other cities.  This rating is important, as housing is the largest component of the Cost of Living Index.  Examiners look at newly constructed 2,400 sq. ft., 4 bedroom, 2 bath homes with attached 2-car garages. The average 2015 survey home priced in St. Louis was $207,522, significantly below the average price of $431,884 in Chicago, $232,736 in Cincinnati, and the U.S. at $313,530. This makes it about 51.2% less expensive for a house in St. Louis than in Chicago, 33.8% less than the national average, and 10.8% less than Cincinnati.

    With housing and overall costs, St. Louis’ value and affordability is unmatched for a large metro area. This is one of St. Louis’ main strengths, combined with our educated workforce and other major metro assets.

    For more cost comparisons between St. Louis and other metro areas, check out the ACCRA Cost of Living Calculator. The Calculator makes it easy to compare costs between different urban areas, and it allows for detailed cost comparisons of dozens of items between the St. Louis metro area and many other regions across the U.S.  Click here to access the calculator.

  • St. Louis Press Pass

    Jan 29, 2016
    St. Louis has best year for job growth since 2006
    (St. Louis Post-Dispatch, 1/26/16)
    The St. Louis metro area added 5,000 jobs in December, capping its best year for job growth since 2006. >> CLICK FOR MORE
    St. Louis among best STEM markets
    (St. Louis Business Journal, 1/27/16)
    St. Louis is among the 20 best metropolitan areas in the United States for STEM professionals — those in the science, technology, engineering and math fields. >> CLICK FOR MORE
    These 10 cities have the fastest-growing startup scenes — and neither New York nor Silicon Valley made the cut
    (Business Insider, 1/25/16)
    Here are the fastest-growing startup scenes in the US right now. >> CLICK FOR MORE
    Centene to raise $2.27 billion for Health Net acquisition
    (St. Louis Business Journal, 1/26/16)
    Centene, the Clayton-based managed health care company, said Tuesday it would be offering $2.27 billion in senior notes due 2021 and 2024 to help finance a proposed $6.8 billion acquisition of Los Angeles-based managed care provider Health Net. >> CLICK FOR MORE
    Square starts move into new Cortex office space
    (St. Louis Business Journal, 1/25/16)
    Square Inc. has started the transition from its temporary office space in the CIC@CET building to its newly developed space in @4240, where it plans to hire 200 workers for its St. Louis operations over the next five years. >> CLICK FOR MORE
    Great Place to Work® and Fortune Name World Wide Technology One of the 2016 Best Workplaces in Technology
    (Visual Strategy Magazine, 1/26/16)
    World Wide Technology, Inc. (WWT), a market leading technology integrator, announced today that it has been named one of the 2016 10 Best Large Workplaces in Technology, according to the global research and consulting firm Great Place to Work and Fortune Magazine. >> CLICK FOR MORE
    Edward Jones receives J.D. Power President’s Awards
    (Orange County Breeze, 1/25/16)
    Financial-services firm Edward Jones was awarded the prestigious J.D. Power President’s Award recognizing its commitment to excellence in customer satisfaction, according to Sean Payne, CFP®. >> CLICK FOR MORE
    Korte to build warehouse at America's Central Port
    (St. Louis Post-Dispatch, 1/22/16)
    Korte Co. of St. Louis will build a 100,000-square-foot warehouse at America’s Central Port, which is on the Mississippi River in Madison. >> CLICK FOR MORE
    Early stage investing hits record high
    (St. Louis Business Journal, 1/22/16)
    More money than ever — $116.9 million — was invested by venture capitalists into early stage companies in Missouri last year, according to recent data provided by PwC and the National Venture Capital Association. >> CLICK FOR MORE
    St. Louis County hires architect for Creve Coeur 'innovation hub'
    (St. Louis Business Journal, 1/29/16)
    A Baltimore-based architecture firm has been hired to help develop a master plan for a 600-acre "innovation hub" in Creve Coeur. >> CLICK FOR MORE
    BioGenerator investment lures North Carolina biotech startup to St. Louis
    (St. Louis Business Journal, 1/25/16)
    Edison Agrosciences, a biotech company originally from Durham, North Carolina, announced Monday it plans to relocate its headquarters to St. Louis. >> CLICK FOR MORE
    Pulse raises $10 million from investors
    (St. Louis Business Journal, 1/27/16)
    Pulse Therapeutics, a St. Louis-based medical device startup, has raised approximately $10 million from a group of investors led by Silicon Valley venture capital firm NanoDimension. >> CLICK FOR MORE
    Washington University spinout focused on treating cancer raises seed capital
    (St. Louis Business Journal, 1/28/16)
    Accuronix Therapeutics, a biotech company based on technology developed at Washington University, has raised $625,000 from a group of investors including the BioGenerator and Missouri Technology Corp. >> CLICK FOR MORE
    Global Manufacturer Establishes North American Headquarters in St. Louis
    (InnoVox STL, 1/25/16)
    GWR Safety Systems has a message for manufacturers: You don’t have to manufacture abroad to be competitive. Ted and Claudia Gast bought GWR, a Barcelona-based designer and manufacturer of seat belts, with the aim of establishing St. Louis as the company’s North American headquarters. >> CLICK FOR MORE
    Centene, Washington U partner on health research center
    (St. Louis Business Journal, 1/29/16)
    Managed care provider Centene Corp. has partnered with Washington University and Duke University to launch a new center aimed at translating research into more effective health-related behaviors. >> CLICK FOR MORE
    SIUE spring enrollment hits all-time high
    (Illinois Business Journal, 1/27/16)
    Southern Illinois University Edwardsville’s spring enrollment of 13,346 students is the largest spring enrollment in the university’s history, officials said today. >> CLICK FOR MORE
    Washington University bucks trend as law school applications rise
    (St. Louis Business Journal, 1/27/16)
    Top-ranking law schools across the U.S. are seeing a drop in the number of potential students applying, but Washington University is bucking the trend. >> CLICK FOR MORE
    Imagine a Better St. Louis: Ameren introduces program to bridge racial divide in St. Louis region
    (KMOV, 1/21/16)
    One of St. Louis’ biggest corporations is doing its part to provide resources that will help bring the region together. >> CLICK FOR MORE
    STL National Blues Museum nearing completion
    (KSDK, 1/26/16)
    After a year of construction, the National Blues Museum in downtown St. Louis is nearing completion. >> CLICK FOR MORE
    St. Louis County in early talks about upgrades for convention center and Scottrade Center
    (St. Louis Public Radio, 1/26/16)
    With the St. Louis Rams splitting for California, some policymakers want to spruce up the Scottrade Center and the city’s convention center. And St. Louis County could play a role in chipping in for expensive renovations. >> CLICK FOR MORE
    CityArchRiver Foundation hits capital campaign goal
    (St. Louis Business Journal, 1/26/16)
    CityArchRiver Foundation, the nonprofit organization assisting with coordination and fundraising for the in-progress $380 million renovation of the Gateway Arch grounds, has completed its $250 million capital campaign, officials said Tuesday. >> CLICK FOR MORE