Our Rio Grande Valley is showing some good economic indicators lately.
A recent report rated two Valley cities among the least expensive in the United States, including McAllen rated No. 1 and Harlingen No. 3. The Council for Community and Economic Research noted these cities among the best for “Cost of Living Index” among 264 urban areas. Most expensive on the index was New York City and Honolulu.
McAllen’s cost of living index was 81.5 — nearly 20 percent below the national average. Harlingen’s index was 83.5. Likewise, NYC’s index was 214.5. The cost of living index measures regional differences in the cost of consumer goods and services, excluding taxes and non-consumer expenditures, for professional and managerial households.
In addition to these figures, the city of McAllen recorded its highest-ever…
Read more at The McAllen Monitor.