How far can you stretch your dollar ? Depends on where you ’re located in the U.S. TheTax Foundationhas taken data from the Bureau of Economic Analysis to show the real value of $ 100 in each state . ( We ’ve also covered the D.C.-based think storage tank ’s previouslyanalyses , but the numbers changed ever - so - slightly class to class . )
The graphic below equate how much $ 100 is worth in goodness compare to the national average . For instance , in high - price orbit like California , New York , and D.C. , your $ 100 is deserving significantly less than the U.S. norm — in those position , your money has the purchasing power of around $ 88.18 , $ 86.70 , and $ 85.47 , respectively . If you live in Mississippi , meanwhile , your dollar go far than in any other state . Your $ 100 is the equivalent of $ 116.01 .
The data is n’t surprising . mass move from high - price region to cheaper areas of the country all the prison term . And it ’s not just a matter of real landed estate . In Los Angeles , the average cost of a beer is $ 3.64 , but in New York , it ’s $ 5.36 , consort to GoEuro ’s annualBeer Index .
Cities , naturally , incline to be more expensive than rural places , so where you live within a state also has a somewhat big impact . It ’s much more expensive to hold up in Manhattan than to live in Syracuse , New York , or to exist in Chicago versus downstate Illinois , as the Tax Foundation’sprevious workhas shown . This difference , however , is generally antagonistic - balanced by the fact that expensive areas typically have high salaries , too . minimal wage law , taxation charge per unit , and other agent also play a role .
It ’s not just a theoretical exercise . A little variation in the existent value of your dollar mark can have a significant impact in your standard of sustenance . The Tax Foundation explains :
