I bet you wish to live in Mississippi, after knowing the value of goods worth $100 (national average) in each state in the US. A map released by the Tax Foundation (that calls itself an independent tax policy research organization) does the job for you, which analyzed the 2013 data to create this map.
Depending on the state you are based in, you can buy a bucket load of goods with just 100 bucks, according to a new study that analyzes the 2013 data from the Bureau of Economic Analysis. It says that if you have got $100, it is as important as how much money you have in your pocket.
If you are in Mississippi, you can get the best value for $100. If you have $100, you can receive $115.21 worth of goods compared to the national average. This would mean that Mississippi would receive the best value for the buck. In Arkansas, the value of $100 is a whopping $114.29 and in Alabama, it is $114.03. West Virginia would turn out to be even cheaper with $100 being worth $113.12 and South Dakota will receive a value of $114.14 for a $100 bill.
There are a few places that are on the flip side of the coin. The District of Colombia is really not the right place to spend your $100 as you get only $84.96 worth of your $100 currency note. Hawaii also offers a worse value of $86.06 for the $100 you spend there. New York exercises a value of $86.73 and New Jersey gives $87.34 as a value of the $100 you spend there.
“Regional price differences are strikingly large; real purchasing power is 36 percent greater in Mississippi than it is in the District of Columbia,” writes the Tax Foundation. “In other words: by this measure, if you have $50,000 in after tax income in Mississippi, you would have to have after-tax earnings of $68,000 in the District of Columbia just to afford the same overall standard of living.”
It simplifies the fact that if you live in the United States, you can get a great deal with the $100 you spend. The trends that have come out are not surprising at all. The high cost of living exists in the Northeast and on the West Coast which is quite known in the United States.
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