Food Cheaper in City—No Baloney
(Wall Street Journal) — For New Yorkers, the high price of groceries is an accepted truth of city life, with everyday shopping trips and cost-of-living indexes confirming the city’s costly status. But hang on to those Gristedes bags: A study released earlier this week by two economists at Columbia University found that food in New York City is actually cheaper than in other parts of the country. The research paper by Prof. David E. Weinstein and Jessie Handbury, a doctoral student, overturns the conventional wisdom that big cities have more expensive groceries than smaller ones. “[A] household that moved from Des Moines to New York and purchased goods from the same type of stores in the two cities would realize a 10% drop in the overall cost of its grocery purchases,” they write.