Community Education Texarkana Chamber

COST OF LIVING INDEX QUARTERLY UPDATE

COST OF LIVING INDEX QUARTERLY UPDATE

Among the 263 urban areas that participated in the first quarter 2018 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 Harlingen, TX.   The Cost of Living Index is published quarterly by C2ER – The Council for Community and Economic Research. Quarter 1, 2018 marks the 50th Anniversary of the publication.

 

The Ten Most and Least Expensive Urban Areas

in the Cost of Living Index (COLI)

First Quarter 2018

National Average for 263 Urban Areas = 100

 

Most Expensive   Least Expensive  
    COL        COL
Ranking Urban Areas Index Ranking Urban Areas Index
1 New York (Manhattan) NY 245.4 1 Harlingen TX 76.3
2 San Francisco CA 195.7 2 McAllen TX 77.3
3 Honolulu HI 186.3 3 Memphis TN 80.6
4 New York (Brooklyn) NY 179.4 4 Kalamazoo MI 80.8
5 Washington DC 161.8 5 Conway AR 81.5
6 Seattle WA 153.0 6 Wichita Falls TX 81.7
7 Oakland CA 151.3 7 Joplin MO 81.8
8 New York (Queens) NY 149.6 8 Knoxville TN 82.0
9 Arlington VA 148.7 9 Hattiesburg MS 82.5
10 Orange County CA 148.5 10 Muskogee OK 82.5

Texarkana, TX                       87.3

 

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.

 

What Do Groceries Cost?

Each quarter, C2ER collects more than 90,000 prices from communities across the US for the Cost of Living Index. With food prices a big part of the national media attention, C2ER decided to once again feature those communities with the most and least expensive food costs as measured by the grocery item index number.  C2ER collects data on twenty-six items from a variety of surrogate categories to represent the grocery item component of the index.

 

The Five Most and Least Expensive Places for Grocery Items by Index Number

in the Cost of Living Index (COLI)

First Quarter 2018

Average for 263 Urban Areas = 100

 

Most Expensive   Least Expensive  
           
Ranking Urban Areas   Index Ranking Urban Areas Index
1 Honolulu HI 168.0 1 Kalamazoo MI 78.4  
2 Juneau AK 145.4 2 Waco TX 78.4  
3 New York (Manhattan) NY 137.3 3 Temple TX 78.6  
4 Anchorage AK 134.0 4 Harlingen TX 80.8  
5 Oakland CA 130.1 5 McAllen TX 81.7  

Texarkana TX                 94.7                                                                                                                                                                                                                                                                                                                                                                              

The Most Expensive and Least Expensive Cities to Practice Yoga

To mark the 50th anniversary of the publication, and the better reflect recreational activities available, C2ER updated the Index to now include the price for a one-hour drop-in yoga class. With this new data, we thought users would be interested to compare the top five more and five least expensive cities to practice yoga.

 

The Five Most and Least Expensive Places for a Drop-in Hour Yoga Class

First Quarter 2018

Average for 263 Urban Areas = $14.97

 

Most Expensive   Least Expensive  
Ranking Urban Areas Avg. Price Ranking Urban Areas Avg. Price
1 Orange County CA $23.33 1 Dublin-Laurens County GA $5.00
2 Surprise AZ $23.00 2 Salina KS $5.00
3 Arlington VA $23.00 3 Dodge City KS $5.50
4 Chicago IL $22.33 4 Muskogee OK $6.50
5 Yuma AZ $22.25 5 Morristown TN $7.33

Texarkana TX                      $12.50

 

If you need additional information on the Cost of Living Index please call Michael Malone, Texarkana Chamber of Commerce, 903-792-7191

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