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If you live in the Midwest or the South, chances are you’re getting a lot more bang for your buck than if you lived somewhere else. The Washington-based nonprofit Tax Foundation has published a new map that shows the states in which the relative value of $100 is greatest – and the states where a Benjamin doesn’t quite carry the same weight.See how your state compares:
Image source: Tax Foundation
Here’s where the relative value of $100 is the most:
Mississippi ($115.21) Arkansas ($114.29) South Dakota ($114.16) Alabama ($114.03) West Virginia ($113.12)
And where the relative value of $100 is the least:
Washington, D.C. ($84.96) Hawaii ($86.06) New York ($86.73) New Jersey ($87.34) California ($89.05.
The map shows that the relative value of $100 is less in most northeastern states, with the exception of Maine, Rhode Island and Pennsylvania, where it’s $102.35, $101.94 and $101.42, respectively. But a Benjamin won’t pack the same punch in states like New York ($86.73) and Massachusetts ($93.20). Meanwhile, the relative value of $100 is the least in the nation’s capital, at just $84.96. States in the west fared considerably better than those in the east, with the exception of California and Colorado. The relative value of $100 in those two states is $89.05 and $97.85, respectively. But in every single Southern state, the relative value of $100 is more than the actual amount. The same is true of Midwestern states, with the exception of Illinois, where the relative value of $100 is $99.01. According to the Tax Foundation, the numbers are based on data it obtained from the Bureau of Economic Analysis, adjusted according to how much $100 can buy in every state and Washington, D.C.
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