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September 11th, 2007 - None

Edmond Economic Development Authority reports Edmond's cost-of-living is less than national average



The Edmond Economic Development Authority announced Sept. 7 its second-quarter cost-of-living index ranks 8.4 percent lower than the national average, according to the American Chamber Of Commerce Researchers Association\'s Cost of Living Index.

The Edmond Economic Development Authority announced Sept. 7 its second-quarter cost-of-living index ranks 8.4 percent lower than the national average, according to the American Chamber Of Commerce Researchers Association's Cost of Living Index.

The 2007 second-quarter percentage is 2.5 percent lower than the same 2006 period. The 2007 second-quarter index is 91.6.

The study measures relative price levels for consumer goods and services in participating areas. The average index would measure 100 for all participating areas.

Consumer spending categories include grocery items, housing, utilities, transportation, healthcare and miscellaneous goods and services.

Specifically, the areas in which Edmond ranked below the national average were grocery items, 89.1; housing, 81.1; utilities, 91.5; health care, 96.5 and miscellaneous goods, 98.

"By participating in the ACCRA Cost of Living Index, we can offer customized cost-of-living comparison data to assist companies in their decisions to locate here," said EEDA Executive Director Janet Yowell in a statement. "This data has proved to be a valuable tool in our business recruitment efforts."

 
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