Survey ranks Glenwood 35th most expensive city
Glenwood Springs is ranked the 35th most expensive city in the country by the Council for Community and Economic Research or ACCRA, according to an article on CNNMoney.com.The ACCRA collects economic information from cities all over the country from chambers of commerce that volunteer to participate. The annual cost-of-living survey, which determined Glenwood to be one of the most expensive cities in the country, tallied results from 364 cities total.Glenwood Springs was the only Colorado city listed as either one of the 50 most expensive or 50 least expensive cities. Some Colorado towns that are known for their high cost of living, like Aspen and Vail, didn’t participate in the survey.Most of the cities included in the survey were required to have a population of 50,000 or more. But cities with smaller populations can continue to report to the ACCRA if they were grandfathered in.Glenwood Springs Chamber Resort Association has participated in the survey for several years, said Marianne Virgili, the chamber’s president.”When you’re a resort community, you tend to come out in the high end of the scale a lot of times,” she said.According to the survey, a married couple with no children would have to have a combined annual income of $95,638 in order to afford a comfortable middle-class lifestyle.Virgili said there’s one big reason why Glenwood ranks high on the list.”The main reason is housing and that’s heavily weighted in the survey. Everything else is pretty much in line with the rest of the county,” she said.Virgili said the survey is a real benefit to some companies in the area.”It allows people to compare cost of living to where they live now, but it also helps companies negotiate higher salaries for their employees because they have hard data to work with.”The Glenwood rate isn’t as bad as the $166,777 that a couple would need in Manhattan, but much higher than the $72,492 the couple would need in Paducah, Kentucky.The ACCRA does the cost-of-living survey to help people interested in moving and companies with employees in multiple cities compare costs and wage requirements.Dale Shrull contributed to this report.
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