Local

Local cost of living creeps upward

The cost of living in the Beaufort/Port Royal/Bluffton area rose slightly in the second quarter of 2010 and is at 106.1, above the national average of 100.

The cost of living index in the first quarter was 105.5, according to data released Friday by the Beaufort Regional Chamber of Commerce Visitor & Convention Bureau.

Grocery items indexed at 106.9, down from 110.8 in the second quarter. The housing index rose from 104 to 107.3.

The cost of living index is administered by the American Chamber of Commerce Researchers Association.

The cost of living index measures regional differences in the cost of consumer goods and services, excluding taxes and non-consumer expenditures, for professional and managerial households in the top income quintile. The composite index is based on six components: housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services.

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