The cost of living in Greater Philadelphia is lower than in most other major U.S. metro areas.
The cost of living index values compiled by the American Chamber of Commerce Research Association confirm that the cost of living is lower in the Greater Philadelphia region than in most of the other largest Metropolitan Statistical Areas (MSAs).
ACCRA Cost of Living Index Values for 2010 Q3 for the Largest 12 MSAs
|
Metropolitan Statistical Area
|
ACCRA
Index Value
|
Rank
|
MSA Population Estimate
|
New York-Northern New Jersey-Long Island, NY-NJ-PA
|
153.6
|
12
|
19,069,796
|
Los Angeles-Long Beach-Santa Ana, CA
|
139.0
|
11
|
12,874,797
|
Chicago-Naperville-Joliet, IL-IN-WI
|
114.9
|
7
|
9,580,567
|
Dallas-Fort Worth-Arlington, TX
|
92.2
|
1
|
6,447,615
|
Greater Philadelphia Region (Philadelphia-Camden-Wilmington, PA-NJ-DE and Trenton-Ewing Divisions)
|
122.2
|
8
|
6,334,474
|
Houston-Sugar Land-Baytown, TX
|
92.6
|
2
|
5,867,489
|
Miami-Fort Lauderdale-Miami Beach, FL
|
109.9
|
6
|
5,547,051
|
Washington-Arlington-Alexandria, DC-VA-MD-WV
|
138.6
|
10
|
5,476,241
|
Atlanta-Sandy Springs-Marietta, GA
|
93.6
|
3
|
5,475,213
|
Boston-Cambridge-Quincy, MA-NH
|
132.4
|
9
|
4,588,680
|
Detroit-Warren-Livonia, MI
|
97.1
|
4
|
4,403,437
|
Phoenix-Mesa-Scottsdale, AZ
|
103.0
|
5
|
4,364,094
|
Sources: ACCRA Cost of Living Index - Census Bureau, Population Division.
|
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