Using a GoBankingRates analysis, Visual Capitalist mapped out how much $100 would be worth in each US state, based on regional price parities.
Prices inflate when it comes to the coasts, so that means people in the rest of America are getting more bang for their buck.
By looking and at the median household incomes from the 2022 ACS, cost-of-living expenses from the Bureau of Labor Statistic's 2022 data and home values in each state from Zillow, here's what they found. Rates are accurate as of February 2024.
In 18 states, (California, Hawaii, Washington, Massachusetts, New Jersey, New York, New Hampshire, Oregon, Connecticut, Maryland, Rhode Island, Colorado, Florida, Virginia, Alaska, Illinois, Vermont and Maine), the purchasing power of $100 is lower than its actual value, and is lowest in California, where it's estimated to be worth just $88.
In 12 states, (Montana, Kansas, Nebraska, Kentucky, West Virginia, Oklahoma, North Dakota, Iowa, South Dakota, Alabama, Mississippi and Arkansas), residents usually get around a 10 percent value-add, with real values ranging from $110 to $113.
Only Arizona maintains a perfect value, where $100 is valued as-is in the state, while East Coast state Delaware stands out among a coastline of inflated neighbors.
Via Visual Capitalist.
