-For Immediate Release
HARLINGEN, TEXAS (February 4, 2013) – Harlingen, Texas offers the lowest cost of living in the United States, according to The Cost of Living Index, published quarterly by C2ER – The Council for Community and Economic Research.
Among the 307 urban areas that participated in the 2012 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 almost 19 percent below the national average in Harlingen.
Harlingen has been ranked number one for 11 consecutive quarters, since the second quarter of 2010, which translates to almost three years. “Consistently being able to boast a cost of living of approximately 20 percent below the national average is useful in our economic development efforts since a low cost of living is an indication of a low cost of doing business,” said Dr. Gilbert Leal, Vice President of the Harlingen Economic Development Corporation Board.
Harlingen’s Cost of Living Index was 81.8 compared to a national average of 100. The “composite index” is based on six components. The components (and the index for Harlingen) are: grocery items (83.7), housing (75.4), utilities (97.3), transportation (84.5), health care (92.5) and miscellaneous goods and services (78.7).
For further details on the methodology used to compile the report, please visit: http://www.coli.org/Method.asp
For more information on Harlingen, please visit www.harlingenedc.com or contact:
Raudel Garza, CEO
Harlingen Economic Development Corporation