Tupelo eighth least expensive place to live

TUPELO – The Tupelo area has been rated the eighth least expensive place to live in the United States.

The annual ACCRA Cost of Living Index found the lowest cost of living in Joplin, Mo. The highest was in Manhattan, followed by San Francisco and Honolulu.

As defined by ACCRA, the Tupelo area consists of Lee, Pontotoc and Itawamba counties. It had a composite index of 86.5, compared to the national average of 100 in a regional comparison. Manhattan, on the other hand, has an index of 219.8.

“As we continue to deal with tough economic times, it is reassuring to know that Tupelo remains a cost-effective community in which to reside,” Tupelo Mayor Ed Neelly said in a news release.

The cost of living index ranks 322 participating communities. Compiled and published by the Council for Community and Economic Research, it covers six areas – housing, utilities, grocery items, transportation, health care and miscellaneous goods and services.

Tupelo was the only Mississippi area in the 10 least expensive places. After Joplin, the top 10 were Douglas, Ga.; Pryor Creek, Okla.; Harlingen, Texas; Palestine-Anderson County, Texas; Clarksville, Tenn.; Muskogee, Okla.; Tupelo; Morristown, Tenn.; and Ashland, Ohio.

The survey is based on more than 50,000 prices covering almost 60 different items for which prices are collected three times a year by chambers of commerce, economic development organizations or university applied economic centers in each participating urban area.

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