Business Excellence Awards
Please Join PBN to Celebrate the 2014 Business Excellence Award Winners on Novem ...
By PBN Staff
SAN FRANCISCO – Personal finance website NerdWallet.com said Rhode Island’s capital city was the second most expensive in the United States, according to its “Quarter Pounder Index,” a basic cost-of-living guide that uses the price of a McDonald’s quarter pounder with cheese to gauge the cost-of-living differences between U.S. cities.
With a quarter pounder with cheese costing $4.52 in Providence, Rhode Island’s largest city was second in price only to Juneau, Alaska, where the cheeseburger costs $4.82. Boston ranked third with a price of $4.49 for the burger.
The national median price for a quarter pounder with cheese was $3.52.
NerdWallet called the differences between the most and least expensive cities “striking.” The McDonald’s burger costs more than twice as much in Juneau, Alaska, as it does in Conway, Ark. – the cheapest state – with a price of $2.24.
All of the New England states, except Vermont, had cities among the top 20 most expensive in the U.S. Massachusetts earned the No. 3 and No. 12 spots, with Boston and Framingham-Natick prices of $4.49 and $4.19, respectively. Manchester, N.H., was No. 7 at $4.28. Portland, Maine, was No. 9 at $4.23. Connecticut hit the No. 16 and No. 18 marks with the burger costs $4.08 and $4.03 in Hartford and New Haven, respectively.
To view the full report, visit: www.nerdwallet.com.