McAllen, Tx Ranked #1 for 3rd consecutive Quarter in 2015 as the least expensive city to live in U.S.A.

McAllen, Tx Ranked #1 for 3rd consecutive Quarter in 2015 as the least expensive city to live in U.S.A.

The Council for Community and Economic Research, a nonprofit group that provides information on local economic trends, recently compared the cost of living in 265 urban areas in the U.S. Based on the price of housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services McAllen is the least expensive city for living in the U.S.A.

The rankings were compiled based on the ACCRA Cost of Living Index produced by the Council for Community and Economic Research. Average in New York(Manhattan) NY to more than 20 percent below the national average in McAllen, TX.

The Ten Most and Least Expensive Urban Areas

in the Cost of Living Index (COLI)

Third Quarter 2015

National Average for 265 Urban Areas = 100

 

Most Expensive   Least Expensive  
    COL        COL
Ranking Urban Areas Index Ranking Urban Areas Index
1 New York (Manhattan) NY 236.1 1 McAllen TX 77.8
2 Honolulu HI 188.6 2 Harlingen TX 79.3
3 San Francisco CA 178.1 3 Richmond IN 80.1
4 New York (Brooklyn) NY 171.4 4 Norman OK 80.3
5 Orange County CA 152.4 5 Ashland OH 81.9
6 Oakland CA 150.5 5 Sherman-Denison TX 81.9
7 Washington-Arlington-Alexandria DC-VA 149.3 6 Hattiesburg MS 82.5
8 San Diego CA 149.2 7 Idaho Falls ID 82.6
9 Hilo HI 146.2 8 Memphis TN 82.9
10 Stamford CT 145.8 9 Jackson MS 83.4
      10 Cookeville TN 84.0

“Cost of living is an important aspect to quality of life. Other things being equal people would prefer to reside where living cost are lower. It’s also an important aspect of the cost of doing business so this ranking is helpful to our business development efforts,” according to Ivan Gonzalez, Vice President of Business Development and Governmental Affairs of the McAllen Chamber of Commerce. “Costs of living reflect many things, but a consistently low cost of living is a good sign that McAllen is an excellent place to live and do business,” Ivan concluded.

Cost of Living 2015