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
Second Quarter 2008
|
Metropolitan Area |
ACCRA Cost of Living Index
(Average for 318 Urban Areas = 100) |
| MOST
EXPENSIVE |
|
| New York
(Manhattan) NY |
220.3 |
| San Francisco CA |
170.9 |
| Honolulu HI |
161.7 |
| New York
(Queens) NY |
157.7 |
| San Jose CA |
156.8 |
| Nassau County NY |
151.8 |
| Orange County CA |
150.1 |
| Stamford CT |
148.5 |
| :Los
Angeles-Long Beach CA |
148.1 |
| Oakland CA |
147.6 |
| LEAST
EXPENSIVE |
|
| Pryor Creek OK |
82.4 |
| Joplin MO |
82.5 |
| Seguin TX |
84.5 |
| Harlingen TX |
85.6 |
| Garden City KS |
85.7 |
| Muskogee OK |
85.7 |
| McAllen TX |
85.8 |
| Ashland OH |
85.8 |
| Cookeville TN |
86.1 |
|
Palestine-Anderson County TX |
86.2 |
|
Holland MI |
97.4 |
In comparison, the
composite index for the Holland area was 97.4, or 2.6%
below the nationwide average for the second 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 Second Quarter 2008
|
Metro Area |
Composite |
Grocery |
Housing |
Utilities |
Transpor-
tation |
Health
Care |
Misc.
Goods &
Services |
|
Kalamazoo MI |
96.5 |
105.4 |
88.5 |
106.4 |
103.6 |
94.3 |
95.5 |
|
Detroit MI |
100.7 |
92.5 |
102.8 |
112.4 |
100.4 |
97.2 |
99.0 |
|
Holland MI |
97.4 |
97.8 |
96.6 |
112.3 |
96.5 |
96.7 |
93.9 |
|
Grand Rapids MI |
95.6 |
100.8 |
97.0 |
111.6 |
91.9 |
86.1 |
90.0 |
|
For additional
information, contact the Holland Area Chamber of Commerce |
