The Bureau of Economic Analysis recently published regional price parity data for 2023. The figures for states and metros show how price levels of goods and services compare to the national average.
California was 12.6% more expensive than the national average in 2023, making it the state with the highest regional price parity.
Whether you are considering a job offer in a more expensive city, looking for an affordable place to retire, or are just curious about how price levels compare between different parts of the country, our regional price parities can help, said Vipin Arora.
Pine Bluff, Arkansas, was around 20% less expensive than the national average, making it the metro with the lowest regional price parity in 2023.
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