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You may wish to live in Mississippi after seeing this map

A map released by the nonprofit Tax Foundation shows the value of goods worth $100 in every state in the US. Mississippi records highest value for the $100 bill and almost has $30 difference when compared to the nation’s capital Washington D.C.

On the basis of the data collected by the Bureau of Economic Analysis, Tax Foundation’s research has started measuring the phenomenon two years back in 2013. As a result, it published its data for the variance of price in various region of the nation.

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The Tax Foundation found that the prices for goods and services are very cheaper in the states such as Kansas than in New York. For instance, Ohio is one of the low-price state, where you can buy $111.61 stuffs for $100. This suggests that Ohioans are eleven percent richer than the person who lives near the national capital.

The states such as “Mississippi ($115.21), Arkansas ($114.29), South Dakota ($114.16), Alabama ($114.03) and West Virginia ($113.12)” has more currency value than that of states such as “Columbia ($84.96), Hawaii ($86.06), New York ($86.73), New Jersey ($87.34) and California ($89.05.)”.

The real purchasing power in Mississippi is 36 percentages greater than that of the District of Columbia. On the other hand, if you have $50,000 as your income after tax in the state of Mississippi, you have to earn $68,000 in the District of Columbia to afford the same standard of living.

This is mainly due to the relationship between the two places with higher incomes, and also prices of resources such as lands. The people who stay with high costs of living pay higher salaries for the jobs, and higher pay is offered in order to make them adapt to the low purchasing power. Understanding the relationship is very important and it is not purely depends upon the above two matters. Some places such as North Dakota have high incomes even without high prices.

Source ]

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12 comments

  1. I have lived in Mississippi. You do not want to move there. Mexico is a much better bet. More civilized, your money goes further, less bugs, less racism (which is saying something), and overall better weather and beaches.

    We also have bubba gump ;).

  2. You may want to see how much a grammar and spell check program are in your state.

  3. Agree with Alan. Embarrassing grammar…. was it written by someone who has english as a second language?

  4. Tu no peeky englee batty goo.

  5. Let's see….I would be $9 better off if I left Florida to live in Mississippi? Nine dollars? To live in a state with even more rednecks? I don't think so.

  6. It may be that some places are expensive because people want to live there, and vice versa.

  7. I lived there for 9 months. My first day of work it was 97 degrees and raining – Memorial day – "we don't take that Yankee holiday off".

  8. Umm … what is not shown is any index of relative incomes. Sure, I can live in Mississippi and see my money go further, but if I am earning on 85% of what I can earn in a $100 expense state, I'm not any ahead in terms of living standard.

  9. Clearly…I'm guessing Asian/Chinese

  10. Probably educated in Mississippi.

  11. The median household income in MS is $37K. In NY it is $51K. That's a ratio of .725.
    The ratio of purchasing power is .756. Those numbers are very similar.
    Since Mississippi has a reputation for a terrible educational system, it seems likely that the author of the article is from Mississippi.

  12. Are you out of your mind? The dollar is worth more in Mississippi because it is basically a third world country!

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