The Value of $100 in Each State
A resident of Hawaii, New Jersey, or California might feel like they've hit the jackpot on a trip to Arkansas. The Tax Foundation recently combed through data from the Bureau of Economic Analysis to put together a map of the true value of $100 in all 50 states. As you can see from the graphic above, doing your shopping in the South or the Midwest gets you the most bang for your buck. In Mississippi, $100 is equivalent to $115.34 when compared to the national average.
Perhaps unsurprisingly, New York is one of the worst places to live for U.S. residents looking to stretch their dollar as far as possible. It’s beat out by only two places: Hawaii, where $100 is worth $85.62, and Washington D.C., where it’s valued at $84.67. Those numbers may sound rough, but at least they’re slightly up from last year’s Tax Foundation map that answered the same question.
Know of something you think we should cover? Email us at email@example.com.