|U.S. heavyweight purchasing power contenders? Texas hits the list||U.S. heavyweight purchasing power contenders? Texas hits the list||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=14501||2016-09-15T05:00:00Z||2016-09-15T21:00:00Z|
TEXAS - When it comes to the back-to-school shopping season, no other region in the U.S. has more purchasing power than Texas, Oklahoma and Arkansas.
Because of the region's relative low cost of living coupled with healthy median incomes, area shoppers have the added bonus of stretching their income at checkout, according to a recent study by SmartAsset.
Across Texas, Oklahoma and Arkansas, a low cost of living relative to sizable median income levels equates to some of the highest purchasing power in the U.S.
Half of the nation's top ten counties with the highest purchasing power are located in Texas.
Rockwall County (located in the Dallas-Fort Worth metro) and Fort Bend County (in the Houston metro) are two U.S. heavyweight contenders with purchasing power indices of over 96, placing them sixth and seventh place nationwide, respectively.
If the first back-to-school shopping results provide a clue as to what consumers are thinking and feeling, this year's early sales indicate more children are on the nice list; sales are up and are some of the best in the past three years.
Click to read CBRE's Market Flash: Purchasing power, large consumer base boosts back-to-school sales to $27 billion (PDF).