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ACCRA Cost of Living Third Quarter 2005
Composite Index
Component %
Conway
Composite Index
100%
85.2
Grocery Items
13%
88.2
Housing
30%
73.3
Utilities
9%
94.1
Transportation
9%
88.1
Health Care
4%
85.8
Misc. Goods & Services
35%
90.5

 

AACRA Cost of Living Index: ACCRA produces the ACCRA Cost of Living Index to provide a useful and reasonably accurate measure of living cost differences among uban areas. Items on which the Index is based have been carefully chosen to reflect different categories of consumer expenditures. Weights assigned to relative costs are based on governement survey data on expenditure patterns for professional and executive households. All items are priced in each place at a specified time and according to standardized specifications.

Interpreting the Index: The ACCRA Cost of Living Index measures relative price levels for consumer goods and services in participating areas. The average for all participating places, both metropolitan and nonmetropolitan, equals 100, and each particiapant's index is read as a percentage of the average for all places.

Conway Development Corp. | 900 Oak St., Conway AR 72032 | 501-329-7788 | bradl@conwayarkansas.org