Harlingen, Texas, has the lowest cost of living among U.S. metros, according to the 2010 ACCRA Cost of Living Index. The report, based on annual average data from the first three quarters of 2010, is compiled by the Council for Community and Economic Research.
"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, Texas 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. Two other Texas cities, McAllen and Brownsville, also ranked among the cities with the lowest costs of living, taking the third and seventh spots, respectively.
The report compiles data from 318 urban metros and considers the cost of consumer goods and services. Prices for items including housing, utilities, grocery products, transportation, and healthcare are weighed.