Local News
Denison stays in Top 10 of Least Expensive Places to Live
By media release
Dec 20, 2013
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According to the Cost of Living Index, published by the Council for Community and Economic Research in Arlington, VA, the cost of living in Sherman/Denison is ranked as the 10th least expensive place to live based on the national average. The report, released December 4, 2013, provides comparative data for more than 300 urban areas in all 50 states. 

The COLI measures relative price levels for consumer goods and services in participating areas. It includes separate weighted sub-indices for grocery items, housing, utilities, transportation, healthcare, and miscellaneous goods and services. 

Sherman/Denisonís cost of living is 13.8 percent lower than the average of all participating places nationwide. This was up from the 2nd quarter, when the cost of living locally was 14.1 percent below the national average. The increase was due to higher relative prices locally for housing, transportation, health care, and miscellaneous goods and services.

The Ten Most and Least Expensive Urban Areas
in the Cost of Living Index (COLI)
Third Quarter 2013
National Average for 306 Urban Areas = 100

Most Expensive

Least Expensive

Ranking

Urban Areas

COL Index

Ranking

Urban Areas

COL Index

1

New York (Manhattan) NY

221.3

1

Norman OK

82.4

2

New York (Brooklyn) NY

175.6

2

Pueblo CO

82.5

3

Honolulu HI

167.5

3

Harlingen TX

83.4

4

San Francisco CA

159.9

4

Memphis TN

84.9

5

New York (Queens) NY

151.4

5

Youngstown-Warren OH

85.5

6

Hilo HI

149.1

6

Covington KY

85.7

7

San Jose CA

148.8

7

Tupelo MS

85.8

8

Stamford CT

143.3

8

Augusta-Aiken GA-SC

85.9

9

Washington DC

141.6

9

Birmingham AL

85.9

10

Orange County CA

140.7

10

Sherman-Denison TX

86.2