A new study compared food prices. The findings are surprising. Food is cheaper in New York City. Compared to other cities, groceries in New York are 10 percent less expensive.
Two economists compared the same products sold in big and small stores, and at fancy groceries and discount stores. In nearly every case, New York was cheaper than such places as Memphis, Indianapolis and Milwaukee.
The results of the study surprised shoppers in New York City. People think New York is more expensive because people with high incomes buy more high-end products here. The variety of food available in New York is greater than most towns.
When the study compared identical products, New York was cheaper. Expensive foods were also cheaper in New York.
An author of the study said: “New York offers so much variety and so many products to cater to our tastes, but if you want to find discounts in the city, you can find them. If you want Velveeta cheese, you can buy it very cheaply.”