The Council for Community and Economic Research produces the ACCRA Cost of Living Index to provide a useful and reasonably accurate measure of living cost differences among urban areas. Items on which the Index is based have been carefully chosen to reflect the different categories of consumer expenditures.
The Index measures relative price levels for consumer goods and services. The average for all participating urban areas equals 100, and each area's index is read as a percentage of the average for all urban areas.
The Index does not measure inflation. Because each quarterly report is a separate comparison of prices at a single point in time, and because both the number and the mix of participants changes from one quarter to the next, Index data from different quarters cannot be compared. For inflation data, contact the U.S. Bureau of Labor Statistics.
The ACCRA Cost of Living Index is weighted as follows:
100% Composite Index
13.36% Grocery Items
32.44% Miscellaneous Goods & Services
The chart below shows cost of living comparisons of various urban areas with the Lake Charles MSA.