Moving to Manhattan? Better hope you have a fat paycheck. The cost of living in the heart of New York City is more than twice the national average, according to the ACCRA Cost of Living Index, published quarterly by C2ER - The Council for Community and Economic Research.
In fact, the whole metro New York area is expensive. Queens, another of NYC’s five boroughs, Nassau County on Long Island and nearby Stamford, CT all rank in the top 10 most expensive urban areas. Of course, nothing is as expensive as Manhattan, not even San Francisco or Honolulu, the cities that rank second and third on the list, respectively.
The quarterly survey evaluates the after-tax cost for a professional/managerial standard of living in 318 urban areas nationwide. The composite index is based on six components - housing, utilities, grocery items, transportation, health care and miscellaneous goods and services.
If you’re looking for the least expensive places to live, consider Texas. The Lone Star state is home to four of the nation’s least expensive urban areas. Other options are Pryor Creek, OK and Joplin, MO, where costs average nearly 20 percent lower than the national average.
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Council for Community and Economic Research Cost of Living Index Second Quarter 2008 National Average for 318 Urban Areas = 100 |
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Most Expensive |
Least Expensive |
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|
COL |
COL |
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|
Rank |
Urban Areas |
Index |
Rank |
Urban Areas |
Index |
|
1 |
New York (Manhattan) NY |
220.3 |
1 |
Pryor Creek OK |
82.4 |
|
2 |
San Francisco CA |
170.9 |
2 |
Joplin MO |
82.5 |
|
3 |
Honolulu HI |
161.7 |
3 |
Seguin TX |
84.5 |
|
4 |
New York (Queens) NY |
157.7 |
4 |
Harlingen TX |
85.6 |
|
5 |
San Jose CA |
156.8 |
5 |
Garden City KS |
85.7 |
|
6 |
Nassau County NY |
151.8 |
6 |
Muskogee OK |
85.7 |
|
7 |
Orange County CA |
150.1 |
7 |
McAllen TX |
85.8 |
|
8 |
Stamford CT |
148.5 |
8 |
Ashland OH |
85.8 |
|
9 |
Los Angeles- Long Beach CA |
148.1 |
9 |
Cookeville TN |
86.1 |
|
10 |
Oakland CA |
147.6 |
10 |
Palestine- Anderson County TX |
86.2 |




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1 Manhattan, San Francisco: Still Expensive | Just Ask Asa Aarons // Oct 29, 2008 at 9:45 pm
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