What is a MCOL city? Everything you need to know

A mcol city, or moderate cost of living city, is a great place to live if you're looking for a balance between cost and quality of life.


by Vinicius Barbosa

Published on 10/28/2022

Get the scoop on MCOL cities here

Moving to an MCOL city can be a good idea! Source: Freepik.

If you’re like most people, you’ve probably never heard of an MCOL city. But if you’re thinking of moving somewhere new or are just curious, you’ll want to read on! 

A “mcol” city is a medium cost of living city – it’s not as expensive as a big city like New York or Los Angeles, but it’s also not as cheap as a small town. 

Mcol cities are usually located in the middle of the country, and they’re often considered more “livable” than either extreme.

If you’re looking for a mcol city to live in, you’ll want to consider factors like housing, food and transportation, and availability of jobs. 

They typically have a lower cost of living than high-cost-of-living cities, but they also tend to be less exciting and vibrant. 

Some people prefer mcol cities because they offer a good balance between cost and quality of life.

Others find them boring and uninspiring. Ultimately, it’s up to you to decide whether a mcol city is right for you.

If you’re looking for a comfortable place that’s not too expensive, a mcol city might be the perfect fit. Keep reading to find out more!

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Examples of Mcol cities:

Are you looking for a city with a lower cost of living? Check out some of the best medium-cost-of-living (mcol) cities!

These cities offer larger benefits – plenty of job and entertainment options, plus a low cost of living. 

So whether you’re looking to save money or want an easier life, these mcol cities have you covered.

Omaha, Nebraska: 

With the cost of living nearly 10% below the national average, Omaha is a great place to call home. The city offers a variety of affordable housing options, as well as plenty of activities to keep you busy.

Dayton, Ohio: 

Another mcol city in the Midwest, Dayton, has the cost of living nearly 15% below the national average. The city is home to several universities and colleges and a thriving arts scene.

Albuquerque, New Mexico:

Located in the southwestern United States, Albuquerque boasts the cost of living nearly 20% below the national average. The city is known for its lively arts and culture scene, as well as its diverse population.

Boulder, Colorado: 

Boulder is known for its outdoor recreation and vibrant music and arts scene.

Grocery shopping at local farmers’ markets or co-ops can be cheaper than big chain stores.

And there are plenty of free or cheap things to do here, like hiking in the Rocky Mountain National Park or visiting the Boulder Reservoir.

Burlington, Vermont: 

Burlington has something for everyone, from its picturesque location on Lake Champlain to its vibrant arts and culture scene.

And with its mcol cost of living, it’s also an affordable place to live. Whether you’re looking for an urban environment or a more rural setting, Burlington is sure to have it all.

Pros and cons of living in a Mcol City?

This is something you have to ask yourself before moving to a new city. Source: Adobe Stock.

When it comes to choosing a place to live, there are a lot of factors to consider. Do you want to be in a big city or a small town? Are you looking for a quiet neighborhood or a bustling community? 

And, of course, the cost of living is always a major concern. If you’re trying to decide whether or not to move to a mcol city, here are a few things to keep in mind.

Conversely, mcol cities have more job opportunities and better educational resources than smaller towns. 

There’s also usually more to do in terms of entertainment and nightlife. However, mcol cities can also be more expensive in rent and groceries.

And if you’re not used to living in a big city, the noise and crowds can be overwhelming. 

So it’s important to weigh your options carefully before making a decision. Moving to a mcol city can be an exciting experience, but it’s not right for everyone.

The Cost of Living Index

If you’re considering moving to a new city, you might want to look at the Cost of Living Index (COLI). 

This index measures the relative cost of living in different cities and can give you a good idea of how expensive it will be to live in your new home. 

The COLI considers the prices of various items, including housing, food, transportation, and healthcare.

Businesses use the Index to compare the cost of doing business in different cities and individuals to compare the cost of living in other cities. Not surprisingly, the city’s cost of living tends to be higher than in rural areas. 

This is due to higher wages, higher prices for goods and services, and higher taxes. The Cost of Living Index can be useful for businesses and individuals when considering moving to a new city.

If you’re looking for a more affordable place or want to live in a city with plenty of job and entertainment options, a mcol city may be a perfect choice.

However, remember that every city has pros and cons, so research before making any decisions.

The safest cities in the world

Safety is one of the most important factors when considering moving to a new city. Knowing you can walk around without worries gives you that peace of mind that no money can buy.

If you are curious about which cities are the safest ones, in our next post, we’ll look at some of the safest cities in the world. So keep reading to learn more.

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About the author

Vinicius Barbosa

Vinicius Barbosa is a writer of finance-related content on this portal. Graduated in Social Communication, he writes about everything that involves the world of finances, from credit card recommendations to investment tips, for readers who want to make better decisions when it comes time to spend their money or invest wisely.

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