Monday, November 10, 2014

Wilmington's Cost Of Living Slightly Above National Average

The cost of living in Wilmington edged up slightly in the third quarter of 2014, according to a national survey. Highlights of the survey pertaining to Wilmington were released Monday by the Wilmington Chamber of Commerce.

On a scale for which 100 is the national average, Wilmington’s composite cost of living score was 100.5, slightly more than the national average and higher than several other metropolitan areas in North Carolina. The score was also several points higher than for the same period in 2013, when Wilmington’s composite cost of living score was 97.7.

Of the four other North Carolina metro areas highlighted by the chamber report, only Asheville had a higher cost of living composite score, at 103.0. Other major metros and their scores were Raleigh, 92.3 and Charlotte, 95.3.

The data, gathered from 264 urban areas that participated in the quarterly study, showed that New York City’s Manhattan borough was the most expensive city in the U.S., with an index of 214.5. McAllen, Texas, was the least expensive metropolitan area, with an index of 81.5.

FULL ARTICLE

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