GON
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I always take these articles with huge skepticism, but the information can provide some ideas to help one dig deeper in search of the facts.
"Behold the "coastal tax": good and services tend to be more expensive in U.S. cities along the Atlantic and Pacific coasts as compared to inland areas, per a new analysis.
The big picture: There are some exceptions, however — mostly in the mid- and south Atlantic.
Driving the news: Each quarter, the Council for Community and Economic Research assembles a cost-of-living index designed to measure "regional differences in the cost of consumer goods and services."
Zoom in: Looking just at relative grocery prices, San Francisco (122.4), Fairbanks (121.6) and Juneau (121.4) came in highest.
The bottom line: Looking to cut costs? Consider a move — especially if you're still working remotely and can carry a New York salary to, say, Amarillo."
"Behold the "coastal tax": good and services tend to be more expensive in U.S. cities along the Atlantic and Pacific coasts as compared to inland areas, per a new analysis.
The big picture: There are some exceptions, however — mostly in the mid- and south Atlantic.
Driving the news: Each quarter, the Council for Community and Economic Research assembles a cost-of-living index designed to measure "regional differences in the cost of consumer goods and services."
- The group's proverbial bucket includes housing, utilities, groceries, transportation, health care, and miscellaneous goods and services, and is based on spending by "professional and managerial households in the top income quintile."
- The result: A snapshot in time useful for comparing relative costs across cities.
- If a city has a value over 100, its cost of living is higher than average. Under 100, lower than average.
- Residents of McAllen, Texas (80.2); Augusta, Georgia (82.8); and Amarillo, Texas (84.4) were enjoying the lowest cost of living.
Zoom in: Looking just at relative grocery prices, San Francisco (122.4), Fairbanks (121.6) and Juneau (121.4) came in highest.
- The latter two make sense, given the higher cost of shipping goods to Alaska.
- Pierre, South Dakota (90.6); Houma, Louisiana (91.4); and Thibodaux, Louisiana (91.5) had the lowest relative grocery prices.
The bottom line: Looking to cut costs? Consider a move — especially if you're still working remotely and can carry a New York salary to, say, Amarillo."
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