ACCRA Cost of Living IndexPrepared 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
Third Quarter 2008
| Metropolitan Area |
ACCRA Cost of Living Index
(Average for 315 Urban Areas = 100) |
| MOST EXPENSIVE |
|
| New York (Manhattan) NY |
224.2 |
| San Francisco CA |
173.6 |
| Honolulu HI |
163.6 |
| San Jose CA |
157.4 |
| New York (Queens) NY |
156.2 |
| Orange County CA |
152.2 |
| Nassau County NY |
151.2 |
| Oakland CA |
146.5 |
| Los Angeles-Long Beach CA |
146.5 |
| Stamford CT |
146.1 |
| LEAST EXPENSIVE |
|
| Douglas GA |
82.8 |
| Joplin MO |
83.2 |
| Clarksville TN |
84.3 |
| Pryor Creek OK |
84.4 |
| Muskogee OK |
85.2 |
| Tupelo MS |
85.5 |
| Fort Smith TX |
86.2 |
| Harlingen TX |
86.4 |
| Mason City IA |
86.5 |
| Martinsville-Henry County VA |
86.5 |
| Holland MI |
96.4 |
In comparison, the composite index for the Holland area was 96.4, or 3.6%
below the nationwide average for the third 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 Third Quarter 2008
|
Metro Area
|
Composite
|
Grocery
|
Housing
|
Utilities
|
Transpor-
tation
|
Health
Care
|
Misc.
Goods &
Services
|
| Kalamazoo MI |
94.8 |
102.1 |
89.7 |
101.2 |
100.1 |
94.1 |
93.1 |
| Detroit MI |
100.9 |
97.9 |
104.9 |
108.8 |
101.2 |
97.9 |
96.4 |
| Holland MI |
96.4 |
98.2 |
93.3 |
102.4 |
98.1 |
96.7 |
96.1 |
| Grand Rapids MI |
94.5 |
103.1 |
94.2 |
102.7 |
100.5 |
86.5 |
88.2 |
|
For additional information, contact the Holland Area Chamber of Commerce
|
