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Find out how much $100 is really worth in your state



By EMILY CEGIELSKI

Money has never been created equal. Americans who travel abroad to places such as Mexico and Japan undoubtedly revel in the power of the dollar ($1 = approximately 13 pesos, 103 yen), and it's no secret that the euro has quickly darted ahead of U.S. currency.

But how do the bucks stack up in our own country? America's 50 states are uniquely diverse with staggeringly different standards of living, meaning that a dollar can go a lot further in some states over others. For instance, if you have an annual salary of $35K while living and working in Mississippi, you would need to make $46.7K to maintain your purchasing power if you moved to New York.

For the first time ever, the federal government has released an analysis of these price differences among states, and on Monday, the Tax Foundation used the data to create a map exposing the real value of $100 in each state.

The non-profit explained the numbers in a blog post:

"For example, Tennessee is a low-price state, where $100 will buy what would cost $110.25 in another state that is closer to the national average. You can think of this as meaning that Tennesseans are about ten percent richer than their nominal income suggests."

The states where $100 is worth the least were Hawaii, New York, New Jersey and California with the District of Columbia actually surpassing all four. In D.C., $100 is only worth $84.60. Money goes furthest in Mississippi where $100 is equal to $115.17. Arkansas offers the next biggest bang for your buck, followed by Missouri, Alabama and South Dakota.

Click through our slideshow above to see how your state stacks up against $100.

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Welcome Justin August 20 2014 at 1:56 PM

Interesting. I wonder if anyone will correlate the fact that the vast majority of "blue states" are the ones where $100 is actually worth less, while the vast majority of "red states" are the ones where $100 is actually worth more ?

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15 replies
skydrop007 August 20 2014 at 2:24 PM

Its woth $100 howver

since Obama has taken office it now requires $122 to be equal to 2009 dollars.

Flag Reply +22 rate up
8 replies
wizardsking August 20 2014 at 2:57 PM

In other words DEMS the Republican states have the better economy because they are trying to be fair to the people. Keep voting Dem. Until your dollars are worthless.Oh thats right its hard to get a job in a Democratic state.

Flag Reply +15 rate up
6 replies
Jetncat August 20 2014 at 2:21 PM

You have to be a millionaire to live here in NY. Property taxes alone eat up most of your salary.

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4 replies
jeff August 20 2014 at 3:41 PM

Obama = $17-plus trillion in debt. Hope 4 Change? Anyone?

Flag Reply +13 rate up
2 replies
franklinjefferson jeff August 20 2014 at 6:56 PM

Has nothing to do with this article. The plus/minus on the $100 would have been roughly the same under Bush.

Flag Reply 0 rate up
ram2002man jeff August 20 2014 at 8:17 PM

This has everything to do with OBAMA, HIM AND CUOMO ARE PARTNERS IN FLEECING US.

Flag Reply +3 rate up
Richard August 20 2014 at 3:41 PM

Why does it seem that the dollar is worth less in the mostly DEMONocRATic States? Now just who is looking after the middle class?

Flag Reply +11 rate up
3 replies
ronandjen2 August 20 2014 at 5:11 PM

The 4 states and D.C. where $100 is worth least are led by 4 liberals and one rino. Might be a message there.

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2 replies
franklinjefferson ronandjen2 August 20 2014 at 7:01 PM

The $100 is worth less because cost of living is higher. However, incomes are higher, too. New Jersey also has the 2nd lowest level of poverty, so more of its citizens have $100 to spend than, say, a place like Mississippi. There are red states with good economies and red states with bad. There are blue states with good economies and blue states with bad. You can't just say liberal bad, conservative good.

Flag Reply 0 rate up
Rae Turner ronandjen2 August 23 2014 at 8:10 PM

ronandjen, you really dont understand ,do you??

Flag Reply 0 rate up
sue1mar3 August 20 2014 at 2:10 PM

That can really vary though if you live in a small town in the middle of nowhere or a big city.

Flag Reply +7 rate up
2 replies
judytrillium sue1mar3 August 20 2014 at 2:22 PM

Really - I wonder if New York was calculated on NYC or rural upstate.

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1 reply
Scottilla judytrillium August 20 2014 at 4:33 PM

Statewide.

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franklinjefferson sue1mar3 August 20 2014 at 5:47 PM

judy... it would have been calculated by averaging ALL of New York state.

Flag Reply 0 rate up
coopdabomb August 20 2014 at 3:50 PM

Nothing because of obamanomics

Flag Reply +6 rate up
crowland503 August 20 2014 at 2:12 PM

Time for the USA to return to the gold standard...Oops, there may be no gold at Fort Knox; Eisenhower gave the gold to E.T. to halt an alien invasion. Thus, we could imagine the gold still there to boost the dollar. Or we could, as the poor leftist liberals constantly berate me for, blame the phony, deadbeat POTUS for the decline of the dollar in this economy.

Your assignment, Students, is to see how much $100 worth of groceries could be purchased in 1960 as compared today at your local food store.

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13 replies
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