According to information compiled by the Council for Community and Economic Research, Harlingen’s cost of living is the lowest out of 318 urban metros.
The findings of the study were reported in on the NAI Rio Grande Valley website, as well as the Real Estate Center Online News. According to the report, Harlingen’s cost of living index is 17.2 percent below the national average. This puts Harlingen in a good position to attract quality companies and employers.
VALLEY CITIES RANK HIGH WITH LOW COST OF LIVING INDEX
HARLINGEN (NAI Rio Grande Valley) – According to the ACCRA Cost of Living Index, Harlingen has the lowest cost of living among U.S. metros. The index is compiled by the Council for Community and Economic Research.
McAllen is third and Brownsville seventh.
“The economic situation in the United States has many companies looking at the bottom line cost of doing business. The ACCRA ranking is just another way for Harlingen to compete in attracting good, quality companies and employees,” said Bill Martin, CEO of the Harlingen Economic Development Corporation. “The ACCRA ranking is another boost for Harlingen and the Rio South Texas region.”
Harlingen’s composite score of 82.8 equates to a cost of living 17.2 percent below the national average.
The report compiles data from 318 urban metros and considers the cost of consumer goods. Prices for services, housing, utilities, groceries, transportation and healthcare were considered.