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How Much Is $100 Actually Worth

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Map: How Much Is $100 Actually Worth in Your State?

          

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.

(H/T: Huffington Post)

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Source: http://nesaranews.blogspot.com/2015/07/how-much-is-100-actually-worth.html



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