“When it comes to living expenses, Manhattanites pay more than twice the national average.
That’s according to the Council for Community and Economic Research, which has just released its sixth annual cost-of-living index looking at what professionals pay for a basket of goods and services in urban areas around the U.S.
On the opposite end of the spectrum from Manhattan is Harlingen, Tex., where the standard cost of living was nearly 19 percent less than the national average. And this year, Boston knocked Truckee-Nevada County, Calif. out of the top 10.
The composite index is based on six areas: housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services. It’s representative of most households in the top income quintile, CCER said.”