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Survey Finds Living in Topeka Could Save You Money
The ACCRA Cost of Living Index puts Topeka below average when it comes to cost
Reporter: 13 NewsEmail Address: 13news@wibw.com |
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A new report finds you don't pay as much to live in Topeka.
The city is one of 293 urban areas participating in the first quarter 2007 ACCRA Cost of Living Index.
Topeka earned a ranking of 90 in the survey. A ranking of 100 is considered average.
According to a news release from the Greater Topeka Chamber of Commerce, the composite index is based on six components—housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services.
Topeka ranked lowest at 81.5 in housing, indicating the Topeka housing market is a good bargain for buyers coming into the market area according to Marsha Sheahan, vice president public relations, for the Greater Topeka Chamber of Commerce which conducts the local survey twice annually.
Topeka also ranked 89.0 in grocery items, 93.3 in utilities, 91.4 in transportation, 93.4 in health care, and 96.5 in miscellaneous goods and services.
The ACCRA Cost of Living Index measures regional differences in the cost of consumer goods and services, excluding taxes and non-consumer expenditures, for professional and managerial households in the top income quintile. It is based on more than 50,000 prices covering almost 60 different items for which prices are collected quarterly by chambers of commerce, economic development organizations, or university applied economic centers in each participating urban area.
The Topeka Chamber submitted prices for second quarter 2007 in mid-May.
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