From NerdWallet.com
When is a dollar worth more than a dollar? When you’re in a city where the cost of living is low. The purchasing power of the dollar varies widely across U.S. cities, and a cost of living calculator reveals that it costs more than twice as much to live in Manhattan as it does to live in Memphis.
To make the relative cost of living more understandable and relatable, we created the Quarter Pounder Index (QPI), a basic cost of living guide that uses the price of a McDonald’s quarter pounder with cheese to gauge cost of living differences between cities. Like the Economists’ Big Mac Index, which measures the purchases power of various countries’ currency, the Quarter Pounder Index compares places based on the cost of a hamburger.
When the most and least expensive cities for a quarter pounder with cheese are graphed, the differences are striking:
- A McDonald’s burger costs more than twice as much in Juneau, Alaska as it does in Conway, Arkansas ($4.82 vs $2.24).
- Hawaii and Alaska take 40% of the top ten most expensive places, likely because of the increased shipping costs of these more remote states.
- The median price for a quarter pounder with cheese is $3.52
Ten most and least expensive places to get a quarter pounder with cheese
Most expensive places in the United States, according to the QPI
Rank |
State |
City |
Price of a McDonald’s Quarter Pounder with Cheese |
1 |
Alaska |
Juneau |
$4.82 |
2 |
Rhode Island |
Providence |
$4.52 |
3 |
Massachusetts |
Boston |
$4.49 |
4 |
New York |
Nassau County |
$4.36 |
5 |
Alaska |
Anchorage |
$4.35 |
6 |
Alaska |
Fairbanks |
$4.28 |
7 |
New Hampshire |
Manchester |
$4.28 |
8 |
Washington |
Vancouver |
$4.25 |
9 |
Maine |
Portland |
$4.23 |
10 |
Hawaii |
Honolulu |
$4.20 |
11 |
Arizona |
Bullhead City |
$4.19 |
12 |
Massachusetts |
Framingham-Natick |
$4.19 |
13 |
Colorado |
Glenwood Springs |
$4.14 |
14 |
Oregon |
Portland |
$4.09 |
15 |
California |
San Diego |
$4.08 |
16 |
Connecticut |
Hartford |
$4.08 |
17 |
New York |
Dutchess County |
$4.06 |
18 |
Connecticut |
New Haven |
$4.03 |
19 |
Kansas |
Hays |
$4.03 |
20 |
Kansas |
Dodge City |
$4.02 |
Least expensive places in the United States, according to the QPI
Rank |
State |
City |
Price of a McDonald’s Quarter Pounder with Cheese |
1 |
Arkansas |
Conway |
$2.24 |
2 |
Tennessee |
Nashville-Franklin |
$2.59 |
3 |
West Virginia |
Martinsburg-Berkeley County |
$2.63 |
4 |
Indiana |
Lafayette |
$2.78 |
5 |
New Mexico |
Los Alamos |
$2.81 |
6 |
Florida |
Jacksonville |
$2.84 |
7 |
Texas |
Corpus Christi |
$2.89 |
8 |
Florida |
Gainesville |
$2.91 |
9 |
Georgia |
Savannah |
$2.92 |
10 |
South Carolina |
Anderson |
$2.92 |
11 |
Iowa |
Iowa City |
$2.94 |
12 |
Georgia |
Douglas |
$2.95 |
13 |
Ohio |
Akron |
$2.96 |
14 |
Alabama |
Dothan |
$2.99 |
15 |
Oklahoma |
Enid |
$2.99 |
16 |
Louisiana |
Lafayette |
$3.00 |
17 |
North Carolina |
Gastonia |
$3.01 |
18 |
North Carolina |
Marion-McDowell County |
$3.02 |
19 |
South Carolina |
Beaufort |
$3.02 |
20 |
Tennessee |
Knoxville TN |
$3.02 |
Methodology: This data came from the ACCRA Cost of Living Index.