Business & Tech
Stamford Still Seventh Most Expensive Area in the U.S.
The ACCRA Cost of Living Index is based on the cost of basic necessities — housing, food, clothing, utilities, transportation, health care, etc. — excluding taxes and non-consumer expenditures, averaged from the three previous quarters.
Stamford maintained its position as the seventh most expensive urban area in the country in which to live in 2012, according the Council for Community and Economic Research's annual Cost of Living Index.
The ranking is based on the cost of basic necessities — housing, food, clothing, utilities, transportation, health care, etc. — excluding taxes and non-consumer expenditures, averaged from the three previous quarters. Data for the study is collected by various chambers of commerce, economic development organizations and university-applied economic centers, in 307 participating urban areas (down from 314 last year).
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New York City, specifically Manhattan, once again came in #1 on the list — the cost of living there is about twice the national average — with Brooklyn and Queens following close behind. Meanwhile Harlingen, Texas, once again had the lowest cost of living — about 19 percent below the national average, according to a press release promoting the quarterly report.
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Most Expensive
Least Expensive
Ranking
Urban Areas
Index
Ranking
Urban Areas
Index
1
New York (Manhattan) NY
225.4
1
Harlingen TX
81.8
2
New York (Brooklyn) NY
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) NY
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