Tampa is expected to see a significant increase in living expenses out of most U.S. city in 2018, found a new study by personal finance website GOBankingRates.
To identify cities that are expected to see a notable increase in prices, GOBankingRates analyzed three key factors: the year-over-year median home value forecast, the year-over-year median rent forecast, and the Bureau of Labor Statistics’ Consumer Price Index change between 2014 and 2017.
For more details on methodology and to view the full study, please visit: Cities Where the Cost of Living is Expected to Soar in 2018.
- Projected change in home value: 2.92 percent
- Projected change in rent: 2.27 percent
- Average CPI change 2014-2017: 1.22 percent
*Projected change in home value and rent price based on year-over-year change for all years 2014 to 2017.
GOBankingRates.com is a personal finance news and features website dedicated to helping visitors live a richer life. From tips on saving money to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets, including MSN, MONEY, AOL Finance, CBS MoneyWatch, Business Insider and dozens of others. GOBankingRates specializes in connecting consumers with the financial institutions and products that best match their needs.