Quarterly Cost of Living Index is Available
13 Dec, 2013
Among the 306 urban areas that participated in the third quarter 2013 Cost of Living Index, the after-tax cost for a professional/managerial standard of living ranged from more than twice the national average in New York (Manhattan) N.Y. to almost 18 percent below the national average in Norman, Okla. The Cost of Living Index is published quarterly by C2ER – The Council for Community and Economic Research.
The Cost of Living Index measures regional differences in the cost of consumer goods and services, excluding taxes and non-consumer expenditures, for professional and managerial households in the top income quintile. It is based on more than 90,000 prices covering 60 different items for which prices are collected quarterly by chambers of commerce, economic development organizations, and university applied economic centers in each participating urban area. Small differences should not be interpreted as showing a measurable difference.
The composite index is based on six component categories — housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services.
For more details or to learn about a subscription to the index, visit www.coli.org.
10 Most Expensive and Least Expensive Urban Areas
Third Quarter 2013
National Average for 306 Urban Areas = 100
Most Expensive Least Expensive
Ranking Urban Areas COL Index Ranking Urban Areas COL Index
1 New York (Manhattan)NY 221.3 1 Norman OK 82.4
2 New York (Brooklyn) NY 175.6 2 Pueblo CO 82.5
3 Honolulu HI 167.5 3 Harlingen TX 83.4
4 San Francisco CA 159.9 4 Memphis TN 84.9
5 New York (Queens) NY 151.4 5 Youngstown- 85.5
6 Hilo HI 149.1 6 Covington KY 85.7
7 San Jose CA 148.8 7 Tupelo MS 85.8
8 Stamford CT 143.3 8 Augusta- 85.9
9 Washington DC 141.6 9 Birmingham AL 85.9
10 Orange County CA 140.7 10 Sherman‐ 86.2
Illustration by artur84 at Free Digital Photos.com