Living in the capital city is not only affordable, but also brings a high quality of life. Columbia is a college town – and a hub for commerce, industry and education. The cost of living is below the national and state average here, led the way by much lower housing costs in this area.
According to Sperling’s Best Places, the overall cost of living in Columbia is ranks at 90.80. An index above 100 is considered more expensive than the national average. In housing, Columbia’s index is 68, based off of mortgage payments, apartment rental fees and property taxes. Goods and services, such as clothing, restaurants, repairs and entertainment, are also ranked below the national average.