According to the ACCRA Cost of Living Index, the Sherman-Denison area is one of the top 10 least expensive urban areas in the U.S.
This report represents the fifth edition of a new format for the ACCRA Cost of Living Index. Beginning with the fourth quarter of 2007, C2ER publishes an unweighted average of data accumulated from the three pricing periods during the previous year. The data presented represents average prices submitted for the first three quarters of 2011. For further details on the annual average methodology, please visit our website at
http://www.coli.org/Method.asp
Among the 314 urban areas that have participated in the 2011 ACCRA Cost of Living Index
, the after-tax cost for a professional/managerial standard of living ranged from more than twice the national average in New York (Manhattan) NY to 19 percent below the national average in Harlingen TX. The ACCRA Cost of Living Index is published quarterly by C2ER ¨C The Council for Community and Economic Research.Ranking Urban Areas Index
Most Expensive
1. New York (Manhattan) NY 218.8
2. New York (Brooklyn) NY 182.7
3. Honolulu HI 167.8
4. San Francisco CA 162.7
5. New York (Queens) NY 153.9
6. San Jose CA 150.3
7. Stamford CT 147.4
8. Truckee©\Nevada County CA 145.5
9. Washington DC 143.3
10. Orange County CA 142.7
Least Expensive
1. Harlingen TX 81.0
2. Pueblo CO 85.4
3. McAllen TX 85.4
4. Temple TX 85.6
5. Memphis TN 85.9
6. Cookeville TN 86.0
7. Richmond IN 86.3
8. Waco TX 86.3
9. Ardmore OK 86.3
10. Sherman ©\Denison TX 86.4
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 different items for which prices are collected three times a year by chambers of commerce, economic development organizations or university applied economic centers in each participating urban area. Small differences in the index numbers should not be interpreted as significant.The composite index is based on six components ¨C housing, utilities, grocery items, transportation, health care and miscellaneous goods and services.