At the start of 2022, Americans faced the highest rates of price increases in decades.
Strong fiscal stimulus from the federal government and rapid recovery in many sectors have brought more money into the U.S. economy, while a tight labor market has led to wage increases for many workers. With more money to spend, consumer demand has increased, but ongoing issues with global supply chains have made many physical goods scarce. The result has been price increases in nearly every category.
However, some cities are more affordable than others. Porch ranked cities where your dollar goes the furthest
, and the metro Cincinnati region ranked 6th out of the 15 metro areas studied.
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