The Muskogee City-County Port Authority announced today that Muskogee ranks the 10th least expensive city in the nation. Muskogee was the only city in Oklahoma ranked in the top 10.
Overall cost-of-living in Muskogee is 17.5 percent lower than the national average. This is according to the Cost of Living Index report for the 1st Quarter of 2018. The report is published by C2ER – The Council for Community and Economic Research.
Muskogee’s current index of 82.5 is down from 86.5 from the first quarter of 2017.
The index is based on more than 90,000 prices covering 60 different items for which prices are collected quarterly by chambers of commerce and economic development organizations in each participating area.
Every quarter, the Port of Muskogee’s Industrial Development staff prices everything from a gallon of milk to a t-bone steak to the cost of housing. This information is passed onto C2ER, a community and economic research council that receives pricing information from communities throughout the nation.
The average of the index measuring prices of goods and services for the 263 participating communities nationwide equals 100. Each city’s index is read as a percentage of the average for all participating cities.
The city boasts the nation’s 35th least expensive housing costs, more than 30 percent below national average.
In Muskogee, low costs mean residents can enjoy a much higher standard of living.
Cost of transportation allows Muskogee to remain competitive nationally. For the 1st Quarter 2018, Muskogee offers the 2nd lowest transportation cost in the nation; 19.3 percent below the national average. Muskogee also ranked second-lowest in transportation cost this time last year.
Consumer spending categories include grocery items, housing, utilities, transportation, health care and miscellaneous goods and services. Muskogee’s ranking in all four remaining index categories was less than the national average.
Among the communities participating in the first quarter 2018 Cost of Living Index, the cost-of- living ranged from more than twice the national average in Manhattan, New York to just over 20 percent below the national average in Harlingen, TX.