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|
|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|
“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.