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Tuesday, June 04, 2019

Here’s the value of $1 in each state, according to recent data

A dollar, as it turns out, is not always worth a dollar. Rather, it varies — and by quite a lot — depending on where you’re at in the United States, according to a new analysis from 24/7 Wall St., a financial news and commentary website.

You might move to a new state for the job opportunities or the entertainment options or the outdoor recreation, but a state’s cost of living might also tip the scale in its favor. In Mississippi? You’ll get the biggest bang for your buck there, with $1 being worth $1.16. But in Hawaii, a dollar holds the least value and is only worth 84 cents. In fact, there are only four states where a dollar is indeed worth a dollar. (Any guesses which ones those are?)

For the analysis, 24/7 Wall St. used regional price parity data from the Bureau of Economic Analysis. The dollar has the most purchasing power in the poorest states, according to the analysis. It’s worth the least amount in states that contain some of the wealthiest cities.

Here’s exactly how much a dollar is worth in all 50 states.

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4 comments:

  1. Maryland, 91 cents, go figure:( oh boy, Hogan’s doing a great job!

    ReplyDelete
  2. I don't believe it.

    ReplyDelete
  3. $1 is a $1 at dollar tree. get some good stuff.

    ReplyDelete

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