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A dollar isn’t always a dollar, as a recent report makes clear. Sometimes it’s $1.15. Other times it’s less than 85 cents, and it all boils down to where you live.
That’s the finding of the Bureau of Economic Analysis, which published in July its report on prices for household consumption across the country. Your dollar will go a lot farther —30% farther, in fact — in states like Mississippi and Arkansas than it will in places like Washington, D.C., and Hawaii.
The states where your dollar (rounded to the nearest cent) is worth the most are:
1. Mississippi ($1.15)
2. Arkansas ($1.14)
3. Alabama ($1.14)
4. South Dakota ($1.14)
5. Kentucky ($1.13)
6. West Virginia ($1.12)
7. Ohio ($1.12)
8. Missouri ($1.12)
9. Oklahoma ($1.11)
10. Tennessee ($1.11)
11. Iowa ($1.11)
In all, the cost of living in 35 states was below the national average, the report showed.
The areas where your dollar is worth the least are the District of Columbia (85 cents), Hawaii (86 cents), New York (86 cents), New Jersey (87 cents), and California (89 cents).
That’s the finding of the Bureau of Economic Analysis, which published in July its report on prices for household consumption across the country. Your dollar will go a lot farther —30% farther, in fact — in states like Mississippi and Arkansas than it will in places like Washington, D.C., and Hawaii.
The states where your dollar (rounded to the nearest cent) is worth the most are:
1. Mississippi ($1.15)
2. Arkansas ($1.14)
3. Alabama ($1.14)
4. South Dakota ($1.14)
5. Kentucky ($1.13)
6. West Virginia ($1.12)
7. Ohio ($1.12)
8. Missouri ($1.12)
9. Oklahoma ($1.11)
10. Tennessee ($1.11)
11. Iowa ($1.11)
In all, the cost of living in 35 states was below the national average, the report showed.
The areas where your dollar is worth the least are the District of Columbia (85 cents), Hawaii (86 cents), New York (86 cents), New Jersey (87 cents), and California (89 cents).
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