WARREN -- The Youngstown-Warren metro area remains among the top 10 most affordable urban areas in the United States, according to the 2013 Cost of Living Index.
The metro area, which includes Mahoning and Trumbull counties in Ohio and Mercer County in Pennsylvania, ranked ninth lowest among 308 urban areas with a Cost of Living Index of 86.5. The national average is 100.
The 2013 study conducted by the Council for Community and Economic Research in Arlington, Va., and released Monday by the Youngstown-Warren Regional Chamber. The list ranked Harlingen, Texas, as the least expensive area with a cost of living index of 81.6. New York-Manhattan topped the most expensive list in the United States with a cost of living index of 220.4.
"These types of results are supportive to our economic development efforts in attracting new investment to our community. The Mahoning Valley is an affordable place to do business and live," said Sarah Boyarko, the Regional Chamber's vice president for Economic Development, North America.
James Pirko, president of the Warren Area Board of Realtors, echoed that sentiment.
"It's a great thing for attracting businesses and entrepreneurs into the area," Pirko said. "This creates a bargain for anybody who is looking for a place where they can relocate and start up their business and hold their overhead costs down. That applies to industry, distribution centers, as well as entrepreneurs."