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economic indicators

Providence named 2nd most expensive city by NerdWallet

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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.

new england, quarter pounder index, quarter pounder with cheese, rhode island, nerdwallet, nerdwallet.com

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