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One dollar is worth $1.15 in Alabama and Arkansas, but just 87 cents in states like New York and California

 
Anonymous Coward
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05/27/2019 10:38 PM
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One dollar is worth $1.15 in Alabama and Arkansas, but just 87 cents in states like New York and California
It turns out that a buck stretches the most in Mississippi, Alabama, and Arkansas – which are considered the 'poorest states' in the nation.

In Mississippi a dollar is actually worth $1.16, and in Alabama and Arkansas it’s worth $1.15, according to new data compiled by 24/7 Wall Street from the Bureau of Economic Analysis (BEA).

In these states goods, services, and housing are less expensive for relatively low-income residents.

And a dollar has the least value in Hawaii, New York, California, and New Jersey - states with affluent cities where the cost of the living is much higher.

In Hawaii the dollar is worth a mere $0.84, in New York and California it’s worth $0.87. In New Jersey it's worth $0.88.

It’s a stark comparison – the purchasing power is nearly 35 percent greater in Mississippi than New York, according to Forbes citing 2016 numbers

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Anonymous Coward (OP)
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05/27/2019 10:38 PM
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Re: One dollar is worth $1.15 in Alabama and Arkansas, but just 87 cents in states like New York and California
What $1 is worth in all 50 states
Mississippi: $1.16


Alabama: $1.15

Arkansas: $1.15

West Virginia: $1.14

Kentucky: $1.14

South Dakota: $1.13

Oklahoma: $1.12

Ohio: $1.12

Missouri: $1.12

Iowa: $1.11

Tennessee: $1.11

Indiana: $1.11

South Carolina: $1.11

Louisiana: $1.11

Kansas: $1.10

Nebraska: $1.10

North Carolina: $1.10

North Dakota: $1.09

Georgia: $1.09

Wisconsin: $1.08

Idaho: $1.08

Michigan: $1.07

New Mexico: $1.07

Montana: $1.06

Arizona: $1.04

Minnesota: $1.03

Wyoming: $1.03

Texas: $1.03

Utah: $1.03

Nevada: $1.03

Maine: $1.02

Pennsylvania: $1.02

Illinois: $1.01

Rhode Island: $1.00

Florida: $1.00

Oregon: $1.00

Delaware: $1.00

Vermont: $0.98

Virginia: $0.98

Colorado: $0.97

Alaska: $0.95

Washington: $0.95

New Hampshire: $0.94

Massachusetts: $0.93

Connecticut: $0.92

Maryland: $0.91

New Jersey: $0.88

California: $0.87

New York: $0.87

Hawaii: $0.84

Source: 24/7 Wall Street
Anonymous Coward
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05/27/2019 11:02 PM
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Re: One dollar is worth $1.15 in Alabama and Arkansas, but just 87 cents in states like New York and California
One Federal reserve note is worth $0.03 dollars.
Anonymous Coward
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05/27/2019 11:29 PM
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Re: One dollar is worth $1.15 in Alabama and Arkansas, but just 87 cents in states like New York and California
HUH!....I'm gonna be wealthier moving .......schweeeet......