ACCRA Cost of Living Index
Prepared by ACCRA
The ACCRA Cost of Living Index is compiled and
published quarterly by ACCRA (www.accra.org) - The Council for Community and
Economic Research.
ACCRA Cost of
Living Index
The Ten Most and Least Expensive Urban Areas
First Quarter 2008
|
Metropolitan Area |
ACCRA Cost of Living Index
(Average for 311 Urban Areas = 100) |
| MOST
EXPENSIVE |
|
| New York
(Manhattan) NY |
218.8 |
| San Francisco CA |
173.6 |
| Honolulu HI |
165.3 |
| New York
(Queens) NY |
155.7 |
| San Jose CA |
154.3 |
| Orange County CA |
153.7 |
| Stamford CT |
153.5 |
| Nassau County NY |
152.7 |
| :Los
Angeles-Long Beach CA |
150.3 |
| Oakland CA |
150.1 |
| LEAST
EXPENSIVE |
|
| Joplin MO |
82.2 |
| Pryor Creek OK |
83.2 |
|
Palestine-Anderson County TX |
83.5 |
| Douglas GA |
83.5 |
| Harlingen TX |
83.5 |
| Lubbock TX |
85.9 |
| Dyersburg TN |
86.0 |
| Brownsville TX |
86.0 |
| Morristown TN |
86.1 |
| Mason City IA |
86.2 |
|
Holland MI |
97.0 |
In comparison, the
composite index for the Holland area was 97.0, or 3%
below the nationwide average for the first quarter 2008.
The ACCRA 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 items for which prices are collected quarterly
by chambers of commerce, economic development organizations, or
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 components - housing,
utilities, grocery items, transportation, health care and
miscellaneous goods and services.
Michigan Metro
Areas First Quarter 2008
|
Metro Area |
Composite |
Grocery |
Housing |
Utilities |
Transpor-
tation |
Health
Care |
Misc.
Goods &
Services |
|
Kalamazoo MI |
95.2 |
97.5 |
90.3 |
94.0 |
99.0 |
95.0 |
97.8 |
|
Detroit MI |
97.6 |
94.3 |
99.1 |
105.6 |
99.4 |
96.8 |
94.6 |
|
Holland MI |
97.0 |
90.7 |
102.1 |
98.6 |
100.3 |
97.6 |
93.3 |
|
Grand Rapids MI |
95.4 |
96.9 |
98.0 |
106.5 |
93.2 |
87.7 |
90.7 |
|
For additional
information, contact the Holland Area Chamber of Commerce |
