Group measures cost of living with cheeseburger costs
Posted at: 05/16/2013 9:47 PM
| Updated at: 05/17/2013 1:46 PM
By: Stuart Dyson, KOB Eyewitness News 4
What's your town's QPI, and how does it stack up to other cities around the country? What's a QPI? Quarter Pounder Index, of course!
Los Alamos once had one of the top ten QPI's in the country, but those days are gone. Economists at Nerdwallet.com came up with QPI as an easy cost of living measurement.
The price varies at McDonald's restaurants around the nation.
Cheap Quarter Pounder - lower cost of living.
Expensive Quarter Pounder - higher cost of living.
Not long ago you could get a Quarter Pounder with cheese in Los Alamos for $2.81, the fifth lowest price in the country according to Nerdwallet.
That's a great QPI! But, sad to say, that golden moment has vanished into history.
Today you will pay $3.69 for a Quarter Pounder at the McDonalds in Los Alamos, and that takes Los Alamos right out of the top ten.
In fact, it's higher than the national median price of $3.52. Conway, Arkansas has the lowest QPI in the nation at $2.24, right ahead of Nashville, Tennessee's $$2.59. Juneau, Alaska is the most expensive at $4.82, with Providence, Rhode Island next at $4.52.
The Los Alamos $3.69 QPI is right in line with Santa Fe's $3.69, while in Albuquerque the price of a Quarter Pounder is $3.89.
For more information about NerdWallet's study, visit http://www.nerdwallet.com/blog/2013/quarter-pounder-index-most-least-expensive-cities/