A new map released by the Tax Foundation shows exactly how far $100 would go in all 50 states.Blue States are expensive to live in and reduce your standard of living? This is my shocked face ...
Using recently released data from the Bureau of Economic Analysis, the Tax Foundation was able to show exactly how the varying prices of goods, housing and income taxes in each state can impact consumers’ purchasing power.Southerners and Midwesterners have a serious edge over those along the East and West Coasts. A hundred bucks goes the furthest in Mississippi, where $100 will buy you what would cost $115.74 in another state that's closer to the national average. As the Tax Foundation puts it, Missippians are about 15% richer than their nominal incomes suggest. The next low-price states are Arkansas ($114.16), Missouri ($113.51), and Alabama ($113.51). Meanwhile, $100 would only be worth $84.60 in the District of Columbia, the priciest state, $85.32 in Hawaii, $86.66 in New York and $87.64 in nearby New Jersey.
Thursday, August 28, 2014
How much is $100 worth?
No, this isn't a trick question. The answer depends on what State you live in: