VISIT GREATER FINDLAY
FINDLAY EXPERIENCING LOWEST COST OF LIVING SINCE 2004
(FINDLAY, Ohio, October 23, 2008) –Despite the current economic conditions, the City of Findlay continues to be an affordable place to live. According to the third quarter 2008 American Chamber of Commerce Research Association (ACCRA) Cost of Living Index, Findlay residents are experiencing the most affordable third quarter relative price levels for consumer goods and services in four years. The 2008 third quarter composite index of 94.8 is down 3.8 percent from the 2007 third quarter composite index of 98.6. The 2006-2004 third quarter composite indexes were 97.9, 98.9 and 101.3, respectively.
In comparison to its neighbor, Lima, Ohio, Findlay’s cost of living was 1.4 percent lower than Lima’s 96.2 composite index.
In a national comparison, the City of Findlay’s composite index for grocery items were 105.1; housing 75.6; utilities 105.2; transportation 100.5; healthcare 98.6; and 102.8 for miscellaneous goods and services.
The Index is based on the six preceding components. Prices covering almost 60 different items are collected quarterly by chambers of commerce, economic development organizations or university applied economic centers in each participating urban area.
Compiled and published quarterly by The Council for Community and Economic Research (C2ER), GreaterFindlayInc. was among the 315 urban areas participating in the Index which measures regional differences in the cost of consumer goods and services, excluding taxes and non-consumer expenditures, for mid-management lifestyles in participating areas.
The average for all participating places in each quarter equals 100 and each participant's index is read as a percentage of the average for all places. However, small differences should not be construed as significant—or even as indicating correctly which area is the more expensive. The index does not measure inflation.
For more information on the ACCRA Cost of Living Index, contact GreaterFindlayInc. at 419-422-3313 or e-mail info@greaterfindlayinc.com.