The Council for Community and Economic Research (C2ER) is happy to announce the release of the Quarter 1, 2016 Cost of Living Index (COLI) publication. This is the first publication to feature San Juan, Puerto Rico in the official publication. 2016 marks the second year San Juan has participated in COLI’s data collection process. Grocery and utility prices appear to be the highest in the city, almost 30 and 70 percent above the U.S. national average, respectively. The Puerto Rico Institute of Statistics has assumed the responsibility of collecting the data.
The upcoming collection period marks Puerto Rico’s third consecutive quarter of participation in C2ER’s Cost of Living Index. Researchers in San Juan first implemented COLI methodology in the second quarter of 2014 and recently began utilizing the Cost of Living Index Calculator. The Calculator is an easy-to-use tool which allows researchers, businesses, governments, and individuals to compare cities across a number of economic factors. Continue reading
C2ER released the Cost of Living Index (COLI) first quarter 2014 report in late May. Among the 288 urban areas that participated in the First Quarter 2014 Cost of Living Index, the after-tax cost for a professional/managerial standard of living ranged from more than twice the national average in New York (Manhattan), NY to almost 19 percent below the national average in Norman, OK.
In a story posted yesterday over at Governing magazine, “Where the Minimum Wage Has the Least Buying Power”, C2ER’s Cost of Living Index was used to translate the national minimum wage narrative to a more localized level. Continue reading