Guide to Albany
September 19, 2014 9:50 PM :: Albany, NY

Things To Do

Restaurants & Nightlife

Lodging

Albany Real Estate

Business & Services

Weddings

Meetings & Groups

Movies

About Albany

Hot Deals & Coupons

June
17
Paul Quirini
paulq@acchamber.org
Albany-Colonie Regional Chamber of Commerce
518.431.1400
One Computer Drive South
Albany, NY   12205

For Release: Immediate

(Albany) – The Capital District Regional Planning Commission, the Albany-Colonie Regional Chamber of Commerce, the Chamber of Schenectady County and the Center for Economic Growth have partnered to provide the ACCRA Cost of Living Index Calculator created by the Council for Community and Economic Research. The Cost of Living Index Calculator is accessible via the Capital District Regional Planning Commission’s Web site at www.cdrpc.org.

The Calculator allows individuals to calculate the cost of living index comparing the Capital Region to other regions across the United States. It is considered the most reliable source of region-to-region quarterly comparisons of key consumer costs and is referenced in the Census Bureau’s Statistical Abstract of the United States. The 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 participant’s index is read as a percentage of the average for all places.

Using $100,000 as the baseline for after-tax income in the city/region participants are comparing to the Capital Region, the calculator will tell participants the comparable after-tax income in the Capital Region based on the Composite Index of the costs of goods and services. If less than $100,000, then the cost of living is less in the Capital Region; if more, then the overall cost of living is greater. In addition to the Composite Index, there are six component indices: grocery items, housing, utilities, transportation, health care and miscellaneous goods. There is an even further detailed comparative average price listing for each of the selected categories.

The Index reflects cost differentials for professional and executive households in the top income quintile influencing the weighting structure. Homeownership costs, for example, are based on the average cost of housing that is greater than it would be if it reflected a clerical worker standard of living or average cost for shelter. Also, since state and local tax burdens vary widely among states and metropolitan areas and within metropolitan areas, it is not feasible to calculate state and local tax burdens reliably and accurately. Therefore, the Index does not incorporate taxes levied on real and intangible property, retail purchases and income.

Data for the Capital Region is collected quarterly by graduate students enrolled in the Department of Geography and Planning at the University at Albany. The methodology, data requirements and parameters of the data collected are consistent nationwide in order to assure comparability among the participating regions.

-30-

Disclaimer: Mannix Marketing Inc is a service for the distribution of press releases, news and events. Mannix Marketing does not verify the validity or accuracy of the contents of the news that it distributes. Users are responsible for the contents of the press releases they submit to Albany.com and the distribution via our service does not imply endorsement. Mannix Marketing takes no responsibility and holds no liabilities for information distributed.

Something to say?

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.


Home

Albany Lodging
All Lodging
Albany Hotels
B&Bs/Inns
Book A Room
Lodging Near Albany Airport
Extended Stay
Lodging Specials
Pet Friendly

Albany Real Estate
All Listings
Apartments
Architects / Builders
Homes for Sale
Home Staging
Modular Homes
Mortgages & Loans
New Developments
Open Houses
Realtors - Commercial
Realtors - Residential
Retirement Housing

About Albany
Blogs
The College of Saint Rose
History
Living in Albany
News
Traffic
Travel Guide
UAlbany
Union Graduate College
Weather
Albany Events
View Calendar
+Add An Event

Things To Do
All Things to Do
Annual Fairs & Festivals
Art Galleries
Attractions
Bowling & Billiards
Day Trips
Fall Fun
Fitness & Sports
Golf
Historic Sites
Hot Spots
Kids
Mini Golf
Movies
Museums, Nature Centers & Planetariums
Music Venues
Parks & Recreation
Party & Event Planning
Performing Arts
Rifle Training / Rifle Ranges
Roller Skating
Shopping
Skiing
Spas & Beauty
Sports & Fitness
Sports Teams
Summer & Day Camps
Wineries
Worth the Drive

HOT DEALS
Albany Coupons
Lodging Discounts
Albany Weddings
All Wedding Businesses
Beauty & Wellness
Bridal Boutiques
Cakes & Caterers
Chapels & Ceremony Sites
Guest Accommodations
Gifts, Tents & Supplies
Entertainers / Music
Florists
Rentals / Supplies
Group Hotel Bookings
Honeymoons
Limo / Transportation
Officiants
Photographers / Video
Reception Venues
Rehearsals / Showers
Tuxedos & Formal Wear
Wedding Favors
Wedding Planners
Albany Wedding Blog

Albany Business Guide
Businesses & Services
Community
Health & Wellness
Home & Garden
Jobs
Meetings
Party & Event Planning
Press Releases & Media
Search / Sitemap
Tours & Transportation
Yellow Pages
Restaurants
All Albany Restaurants
Albany Bars & Clubs
Gay Friendly Bars
American
Asian: Japanese, Pan-Asian & Thai
Bakeries &Desserts
Bands & Musicians
Barbeque
Catering
Coffee Shops, Cafes & Diners
Downtown Albany Restaurants
French
Italian
Mexican
Mediterranean
Middle Eastern
Nightlife
Patio Dining
Pizza
Pub Fare
Sandwiches & Subs
Seafood
Steakhouses
Vegetarian


FREE Promotion
Submit a Press Release
Submit an Event

Contact Albany.com
Advertising
Editorial
FAQ