Here’s Just How Much $100 Is Worth In Your State

September 4, 2014 Admin Finance





A brand-new map released by the Tax Foundation shows precisely how far $100 would go in all 50 states.

Using recently released information from the Bureau of Economic Analysis, the Tax Foundation had the ability to show precisely how the varying rates of goods, housing and earnings taxes in each state can influence customers’ buying power.

Southerners and Midwesterners have a serious edge over those along the East and West Coasts. A hundred dollars goes the outermost in Mississippi, where $100 will certainly purchase you what would cost $115.74 in another state thats closer to the nationwide average. As the Tax Foundation puts it, Missippians are about 15 % richer than their nominal earnings suggest. The next low-price states are Arkansas ($114.16), Missouri ($113.51), and Alabama ($113.51). On the other hand, $100 would only deserve $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.

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