This video shows the value of $100 in every state. As you might imagine, $100 goes a lot farther in some places than others.
$100 is worth the least amount in:
- DC - $84.67
- Hawaii - $85.62
- New York - $86.43
- New Jersey - $87.34
- California - $88.97
$100 goes the farthest in:
- Mississippi - $115.34
- Arkansas - $114.29
- Alabama - $113.90
- South Dakota - $113.64
- Kentucky - $112.74
States that pretty much break even (where $100 gets you $100):
- Florida - $100.91
- Illinois - $99.30
- $100 goes fastest in the Northeast
- $100 lasts longest in the Midwest
Of course, cost is only one side of the equation. How much you earn is the other.
Many people will argue that the higher cost-of-living states make up for costs because you earn more in those states. This is not true.
Here's a list of the best and worst states to make a living. The conclusion is that higher earnings in high-cost states do not make up for the expenses.