Friday, August 22, 2014

Best states to spend $100...

How Far $100 Goes In Each State

The Tax Foundation has created the map below which shows the purchasing power of the dollar across the states, relative to the national average. Almost smack in the middle is Illinois. Purchasing power is greatest in Mississippi, where $100 will buy you a quantity of goods that on average would cost $115.734.

On the other extreme, $100 in purchases in Hawaii gets you only a quantity of goods that would cost on average $85.32.

Some of the other states where $100 buys much more in goods compared to the national average are : Arkansas ($114.16), Alabama ($113.51), Missouri ($113.51) and South Dakota ($113.38).

The states where $100 has low purchasing power are: Washington, D.C. ($84.60), New York ($86.66), New Jersey ($87.64), and California ($88.57).


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