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COST OF LIVING INDEX QUARTERLY UPDATE

 

Among the 260 urban areas that participated in the first quarter 2016 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) NY to more than 20 percent below the national average in McAllen, TX.   The Cost of Living Index is published quarterly by C2ER – The Council for Community and Economic Research.

The Ten Most and Least Expensive Urban Areas

in the Cost of Living Index (COLI)

First Quarter 2016

National Average for 260 Urban Areas = 100

Most Expensive

Least Expensive

   

COL

   

COL

Ranking

Urban Areas

Index

Ranking

Urban Areas

Index

1

New York (Manhattan), NY

227.0

1

McAllen, TX

76.9

2

Honolulu, HI

192.8

2

Harlingen, TX

79.1

3

San Francisco, CA

177.5

3

Norman, OK

79.3

4

New York (Brooklyn), NY

171.5

4

Kalamazoo, MI

79.4

5

Orange County, CA

155.3

5

Richmond, IN

79.9

 

Dalton’s Cost of Living Index (COLI)

First Quarter 2016

National Average for 260 Urban Areas = 100

Composite Index

Grocery Items

Housing

Utilities

Transportation

Healthcare

Misc. Goods & Services

87.9

94.6

69.5

104.2

95.2

88.4

93.2

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.

 
Dalton-Whitfield County Joint Development Authority – 100 S. Hamilton St – Dalton, Georgia 30720
phone 706-278-7373 – fax 706-226-8739 – email EDinfo@daltonchamber.org
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