The Real Value of $100 in Every State
While $100 may seem like it spends the same anywhere you go, that’s not the case. That same amount of money goes much further in some states than others. Most people know you’ll get a lot more for your money in Arkansas than in California, but you might not realize just how much of a divide there can be between different states.
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To determine how far $100 will go in every state, GOBankingRates compiled data from the U.S. Bureau of Economic Affairs, the Bureau of Labor Statistics and Zillow to provide deeper insights into why $100 is worth more in some states than others.
This data can greatly impact your quality of life and help you consider where you might like to settle. You might be able to live comfortably in one state on a certain salary, but struggle to make ends meet with the same paycheck in another. For example, the median household income in Kansas, Michigan and South Dakota is relatively similar. However, your dollar buys a lot more in Michigan than in Florida.
Financial health is a huge part of enjoying a happy, balanced lifestyle. Settling down in a state where you can realistically meet your financial goals sets you up for success. Here’s a look at the practical value of $100 in every state.
California
Real value of $100: $87.50
Median household income: $91,905
Typical home value: $769,579
Annual cost of living expenditures: $57,195
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Hawaii
Real value of $100: $89.20
Median household income: $94,814
Typical home value: $948,964
Annual cost of living expenditures: $76,828
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Washington
Real value of $100: $90.20
Median household income: $90,325
Typical home value: $575,888
Annual cost of living expenditures: $45,863
Massachusetts
Real value of $100: $90.60
Median household income: $96,505
Typical home value: $604,362
Annual cost of living expenditures: $59,797
New Jersey
Real value of $100: $91.20
Median household income: $97,126
Typical home value: $513,054
Annual cost of living expenditures: $44,649
New York
Real value of $100: $92.40
Median household income: $81,386
Typical home value: $425,053
Annual cost of living expenditures: $50,801
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New Hampshire
Real value of $100: $92.40
Median household income: $90,845
Typical home value: $463,760
Annual cost of living expenditures: $43,139
Oregon
Real value of $100: $93.40
Median household income: $76,632
Typical home value: $488,012
Annual cost of living expenditures: $45,667
Connecticut
Real value of $100: $93.60
Median household income: $90,213
Typical home value: $402,836
Annual cost of living expenditures: $43,963
Maryland
Real value of $100: $95.00
Median household income: $98,461
Typical home value: $411,837
Annual cost of living expenditures: $45,944
Rhode Island
Real value of $100: $95.30
Median household income: $81,370
Typical home value: $441,648
Annual cost of living expenditures: $41,753
Colorado
Real value of $100: $97.70
Median household income: $87,598
Typical home value: $538,132
Annual cost of living expenditures: $40,652
Florida
Real value of $100: $97.90
Median household income: $67,917
Typical home value: $405,396
Annual cost of living expenditures: $39,065
Virginia
Real value of $100: $97.90
Median household income: $87,249
Typical home value: $375,558
Annual cost of living expenditures: $39,406
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Alaska
Real value of $100: $98.00
Median household income: $86,370
Typical home value: $360,861
Annual cost of living expenditures: $49,887
Illinois
Real value of $100: $98.70
Median household income: $78,433
Typical home value: $252,899
Annual cost of living expenditures: $34,893
Vermont
Real value of $100: $98.90
Median household income: $74,014
Typical home value: $378,838
Annual cost of living expenditures: $45,500
Maine
Real value of $100: $99.20
Median household income: $68,251
Typical home value: $372,918
Annual cost of living expenditures: $42,393
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Arizona
Real value of $100: $100.10
Median household income: $72,581
Typical home value: $431,917
Annual cost of living expenditures: $42,083
Delaware
Real value of $100: $102.00
Median household income: $79,325
Typical home value: $366,934
Annual cost of living expenditures: $38,534
Minnesota
Real value of $100: $102.30
Median household income: $84,313
Typical home value: $322,082
Annual cost of living expenditures: $35,911
Texas
Real value of $100: $102.50
Median household income: $73,035
Typical home value: $297,525
Annual cost of living expenditures: $35,094
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Nevada
Real value of $100: $103.60
Median household income: $71,646
Typical home value: $434,956
Annual cost of living expenditures: $40,354
Pennsylvania
Real value of $100: $103.80
Median household income: $73,170
Typical home value: $254,628
Annual cost of living expenditures: $36,299
Georgia
Real value of $100: $104.20
Median household income: $71,355
Typical home value: $319,427
Annual cost of living expenditures: $34,180
Utah
Real value of $100: $105.50
Median household income: $86,833
Typical home value: $511,137
Annual cost of living expenditures: $39,700
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North Carolina
Real value of $100: $105.80
Median household income: $66,186
Typical home value: $319,721
Annual cost of living expenditures: $36,674
South Carolina
Real value of $100: $106.40
Median household income: $63,623
Typical home value: $285,275
Annual cost of living expenditures: $35,897
Michigan
Real value of $100: $106.60
Median household income: $68,505
Typical home value: $226,746
Annual cost of living expenditures: $34,540
Wisconsin
Real value of $100: $107.70
Median household income: $72,458
Typical home value: $285,124
Annual cost of living expenditures: $36,949
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Wyoming
Real value of $100: $108.10
Median household income: $72,495
Typical home value: $331,028
Annual cost of living expenditures: $34,834
Tennessee
Real value of $100: $108.20
Median household income: $64,035
Typical home value: $304,832
Annual cost of living expenditures: $34,007
Indiana
Real value of $100: $108.20
Median household income: $67,173
Typical home value: $229,101
Annual cost of living expenditures: $34,694
Idaho
Real value of $100: $108.20
Median household income: $70,214
Typical home value: $435,248
Annual cost of living expenditures: $37,706
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Ohio
Real value of $100: $108.50
Median household income: $66,990
Typical home value: $215,107
Annual cost of living expenditures: $35,788
Missouri
Real value of $100: $108.90
Median household income: $65,920
Typical home value: $235,779
Annual cost of living expenditures: $33,594
New Mexico
Real value of $100: $109.00
Median household income: $58,722
Typical home value: $291,959
Annual cost of living expenditures: $35,780
Louisiana
Real value of $100: $109.40
Median household income: $57,852
Typical home value: $193,183
Annual cost of living expenditures: $34,486
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Montana
Real value of $100: $109.70
Median household income: $66,341
Typical home value: $442,685
Annual cost of living expenditures: $39,468
Kansas
Real value of $100: $110.00
Median household income: $69,747
Typical home value: $214,724
Annual cost of living expenditures: $33,031
Nebraska
Real value of $100: $110.20
Median household income: $71,722
Typical home value: $248,523
Annual cost of living expenditures: $34,418
Kentucky
Real value of $100: $110.60
Median household income: $60,183
Typical home value: $191,960
Annual cost of living expenditures: $33,534
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West Virginia
Real value of $100: $110.80
Median household income: $55,217
Typical home value: $152,323
Annual cost of living expenditures: $32,817
Oklahoma
Real value of $100: $111.20
Median household income: $61,364
Typical home value: $196,835
Annual cost of living expenditures: $32,566
North Dakota
Real value of $100: $111.30
Median household income: $73,959
Typical home value: $249,280
Annual cost of living expenditures: $36,395
Iowa
Real value of $100: $111.60
Median household income: $70,571
Typical home value: $209,990
Annual cost of living expenditures: $34,242
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South Dakota
Real value of $100: $112.20
Median household income: $69,457
Typical home value: $290,267
Annual cost of living expenditures: $35,594
Alabama
Real value of $100: $112.20
Median household income: $59,609
Typical home value: $214,175
Annual cost of living expenditures: $32,664
Mississippi
Real value of $100: $112.70
Median household income: $52,985
Typical home value: $169,211
Annual cost of living expenditures: $32,529
Arkansas
Real value of $100: $113.40
Median household income: $56,335
Typical home value: $195,185
Annual cost of living expenditures: $32,759
Jami Farkas and Grace Lin contributed to the reporting for this article.
Methodology: To determine how far $100 will go in every state, GOBankingRates compiled data from the U.S. Bureau of Economic Affairs 2022 Regional Price Parities release. GOBankingRates ranked the states where $100 is worth the most and least and provided supplemental factors, such as median household income as sourced from the 2022 American Community Survey, annual cost-of-living expenditures as sourced from the Bureau of Labor Statistics: 2022 Consumer Expenditure, and typical home value for a single family residence as sourced from Zillow. All data was collected on and up to date as of Feb. 19, 2024.
This article originally appeared on GOBankingRates.com: The Real Value of $100 in Every State
