{{titleBar.title}}

{{titleBar.tagline}}

 

 

Cheap living in McAllenCheap living in McAllenhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=96262012-09-13T17:09:00Z2012-09-13T00:00:00Z

MCALLEN - McAllen ranks No. 3 among the least-expensive place to live in the United States, according the Council for Community and Economic Research (CCER).

The quarterly cost-of-living index released by the CCER names Harlingen as the cheapest place to live in the nation followed by Wichita Falls.

At $39,547, McAllen’s median household income is more than 20 percent lower than the statewide figure of $49,646 and the nationwide figure of $51,914, according to the U.S. Census Bureau.

Also, at least 27 percent of people in McAllen live below the poverty line, compared with less than 17 percent across Texas and about 14 percent nationwide, Census Bureau figures show.

The index compares 300 urban areas and found that the cost of living in Harlingen is about 18 percent below the national average. This means, in part, that the cost of consumer goods and services is lower in the Rio Grande Valley.

The CCER index is based on the cost of housing, utilities, groceries, transportation, health care and other goods and services.

The Monitor
McAllen-Edinburg-Mission
Economy
http://www.themonitor.com/news/mcallen-63774-metros-ranked.htmlRead more at {Source}

 Search NewsTalk Texas