C2ER Releases “Cost of Living Index”

11 Feb, 2013

Among the 307 urban areas that participated in the 2012 “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 19 percent below the national average in Harlingen. Texas. 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 50,000 prices covering almost 60 different items for which prices are collected three times a year by chambers of commerce, economic development organizations or university applied economic centers in each participating urban area. Small differences in the index numbers should not be interpreted as significant.

The data presented represent average prices submitted for the first three quarters of 2012. For further details on the annual average methodology, click here.

Most Expensive                                                             Least Expensive

Ranking           Urban Areas     COL Index       Ranking Urban Areas   COL Index

1 New York         (Manhattan)      225.4                     1 Harlingen TX                81.8

2 New York         (Brooklyn)         178.6                    2 McAllen TX                    85.4

3 Honolulu HI                                   167.0                    3 Norman OK                    85.6

4 San Francisco  CA                        163.4                     4 Ardmore OK                  85.9

5 San Jose CA                                   153.4                     5 Memphis TN                  86.0

6 New York (Queens)                    148.3                     6 Fayetteville AR            86.0

7 Stamford CT                                  146.1                     7 Wichita Falls TX           86.4

8 Washington DC                             144.7                     8 Muskogee OK                86.9

9 Orange County CA                       140.6                     9 Pueblo CO                      87.1

10 Boston MA                                   139.9                     10 Ashland OH                 87.6


Illustration by suphakit73 for Free Digital Photos.net

Compiled from C2ER media release.

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