TEMPLE, Texas— The Temple Economic Development Corporation (Temple EDC) today announced that Temple ranked 3rd nationally in the least expenses place for grocery items in the Third Quarter 2017 Cost of Living Annual Review. The composite cost of living index for Temple was 86.5 a ranking of 30th, compared to the national average of 100 for 267 urban areas evaluated by C2ER.
What Do Groceries Cost?
With food prices a big part of the national media attention, C2ER decided to once again feature those communities with the most and least expensive food costs as measured by the grocery item index number. Data is collected on twenty-six items from a variety of surrogate categories to represent the grocery item component of the index.
The Five Most and Least Expensive Places for Grocery Items by Index Number in the Cost of Living Index (COLI)-Third Quarter 2017
|Most Expensive||Least Expensive|
|Ranking||Urban Areas||Index||Ranking||Urban Areas||Index|
|1||Honolulu HI||165.5||1||Jackson-Madison County TN||77.3|
|2||Juneau AK||151.6||2||Kalamazoo MI||80.1|
|3||Kodiak AK||146.1||3||Temple TX||80.2|
|4||New York (Manhattan) NY||141.4||4||Wichita Falls TX||80.4|
|5||Oakland CA||126.7||5||Harlingen TX||83.9|
The Temple EDC conducts quarterly surveys of the costs of the same products in the C2ER quarterly reports, this enables the organization to accurately promote the low cost of living in Temple. The composite index is based on six component categories – housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services.
For further details on the COLI methodology, please visit www.coli.org/Method.
Temple, Texas, is a community with a diverse economic base that includes healthcare, distribution and warehousing, and manufacturing as its foundation. Within 200 miles of a population of 19 million, Temple is in a strategic location that is central within the Southwest U.S. marketplace. Visit choosetemple.com.