Economics, Econometrics and Finance
5 years ago

Florida's Spatial Price Indexes Reveal Cost Disparities Across Counties.

Review of Regional Studies
The Adjustment of Spatial Price Indexes for Geographical Differences in Standards Of Consumption: An Application of the Hedonic Method
Don Bellante, Ruth Ann Killion

Paper Summary

The Florida Price Level Index compares prices in each county to the state average, showing how much higher or lower prices are in each area. This helps understand differences in cost of living across the state. The index has been used since 1972 and is unique to Florida, but other states are considering similar indexes.

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