Regional Price Parities
Regional price parities (RPPs) measure the differences in price levels across states and metropolitan areas for a given year and are expressed as a percentage of the overall national price level. States with the highest RPPs were Hawaii, at 113.2, California, at 111.8, and New York, at 109.5; the RPP in the District of Columbia was 111.3. States with the lowest RPPs were Mississippi, at 86.6, Alabama, at 88.1, and Kentucky, at 89.1. Across states, California had the highest RPP for housing rents, at 164.9, and Mississippi had the lowest, at 56.2; the RPP for housing rents in the District of Columbia was 175.4.
- Current Release: December 15, 2022
- Next release: December 14, 2023
What are Regional Price Parities (RPPs)?
Allows comparisons of buying power across the 50 states and the District of Columbia, or from one metro area to another, for a given year. Price levels are expressed as a percentage of the overall national level.
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Regional Price ParitiesEric Figueroa