The Springfield metropolitan area's cost of living decreased in the second quarter, according to the latest data from the Missouri Economic Research and Information Center.
Springfield had an overall score of 90.5 on a 100-point index in Council for Community & Economic Research survey results presented by MERIC, according to a news release. That's down from 92.8 in the first quarter.
Missouri's index score was 90.1. A score of 100 represents the national average – the lower the score, the lower the costs.
The Springfield metro area scored the best in housing, at 76.4; followed by utilities, at 85.6; transportation, at 92.1; miscellaneous, at 96.8; groceries, at 100.9; and health care, at 102.7, according to the release.
Missouri ranked No. 8 among the states nationwide. The Show-Me State had individual metrics of 78.2 in housing, 92.1 in transportation, 94.7 in miscellaneous, 95.5 in health care, 95.7 in utilities and 95.8 in groceries.
Raleigh, North Carolina-based Advance Auto Parts opened its first store in Springfield; Natural Grocers made its Springfield debut; and a business owner with experience in the insurance, financial planning and digital marketing fields entered the restaurant industry.
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Sandra Smart, a technology and commercialization specialist, shares tips for entrepreneurs who are ready to seek funding. Some of her tips apply broadly; some target technology industry businesses. Smart works with tech entrepreneurs and startups, and hosts training workshops through the Missouri SBDC at Missouri State University's efactory.
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