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Here's the value of $1 in each state, according to new data
Fox Business ^ | 5/27/2019 | Jennifer Earl

Posted on 05/27/2019 11:18:10 AM PDT by Boomer

In the U.S., apparently not every dollar is equal.

The value of $1 varies depending on where you go. According to new data compiled by 24/7 Wall Street from the Bureau of Economic Analysis (BEA), a dollar goes the furthest in America's "poorest states," such as Mississippi and Alabama.

Overall, purchasing power is nearly 35 percent greater in The Magnolia State compared to New York, Forbes reported last year, citing 2016 findings from the BEA. In New York, $100 is worth only about $86.51, while $100 in Mississippi is valued at $115.74, the publication stated.


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: 1dollar; bea; onedollar; salt; stateslist; statetaxes
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To: Dilbert San Diego
He assured me that the price I was being charged was for the meal deal.

If you watch ads from places like McDonalds,Burger King,etc when they're advertising a new burger for $4.99 it will say in small print "prices higher in AK,HI and the Tri State area".

21 posted on 05/27/2019 12:06:07 PM PDT by Gay State Conservative (A joke: Comey,Brennan and Lynch walk into a Barr...)
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To: Boomer

Interesting. If you are worth $4mm and living in Hawaii, you can relocate to Mississippi or Arkansas and boom, you are worth $5mm in relative ability to spend and invest the same dollars.

Move to Mexico and you are worth much more.

In a few countries you might be a billionaire!


22 posted on 05/27/2019 12:07:32 PM PDT by SaxxonWoods (The internet has driven the world mad.)
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To: sparklite2

“I’m surprised Florida isn’t near the top. Cost of living here is low.”

Average. There are a lot of expensive areas.


23 posted on 05/27/2019 12:08:48 PM PDT by TexasGator (Z1z)
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To: sparklite2

Our buck is worth a buck, though.

How about the poor schnooks at the bottom of the list?


24 posted on 05/27/2019 12:09:35 PM PDT by Taxman (We will never be a truly free people so long as we have the income tax and the IRS.)
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To: Boomer

I am surprised the differences are not greater. Of course, it depends on you basket of purchases.


25 posted on 05/27/2019 12:10:25 PM PDT by 9YearLurker
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To: Boomer

But we have nice weather?
Lol


26 posted on 05/27/2019 12:12:35 PM PDT by Yaelle
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To: Taxman

We know it costs a lot to live at the bottom of the list.
Rent control can only do so much. LOL


27 posted on 05/27/2019 12:14:06 PM PDT by sparklite2 (Don't mind me. I'm just a contrarian.)
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To: Boomer

Do they leave out “volatile food and energy” prices? How about home prices? I understand they are expensive in California.


28 posted on 05/27/2019 12:19:56 PM PDT by Freedom4US
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To: Boomer

Yankee dollars just ain’t that good any more.


29 posted on 05/27/2019 12:24:49 PM PDT by fella ("As it was before Noah so shall it be again,")
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To: I want the USA back
"So any federal law involving an amount of money is invalid, because the value is different in each state, and within each state, it’s different in different localities."

One size fits all laws just don't fit.

Right?

30 posted on 05/27/2019 12:27:58 PM PDT by fella ("As it was before Noah so shall it be again,")
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To: Boomer

So what is the basis for the dollar that is worth a dollar? Is it an average? Is it one particular state or city??


31 posted on 05/27/2019 12:40:37 PM PDT by arthurus (fuhju)
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To: sparklite2

North Florida with low CoL is balanced by South Florida where things cost more.


32 posted on 05/27/2019 12:41:50 PM PDT by arthurus (̃yi)
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To: arthurus

Evidently. Must be pretty bad down there.


33 posted on 05/27/2019 12:44:58 PM PDT by sparklite2 (Don't mind me. I'm just a contrarian.)
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To: deport

The JFK State! One of Barak’s 57 states!


34 posted on 05/27/2019 12:48:13 PM PDT by vette6387
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To: Boomer

The US dollar is legally defined as 371.5 grains of .999 fine silver. The FRN was a proxy for the dollar until August 15, 1971. Today a FRN will buy you 33 grains of .999 fine silver. Currently a FRN is worth 9% of a lawful dollar. Silver is likely to rise toward 100FRN per ounce over next eighteen months causing the FRN to lose over 80% of its current purchasing power.


35 posted on 05/27/2019 12:49:26 PM PDT by northislander
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To: billyboy15

I do hope you didn’t bring Massachusetts politics to your new home as so many NYers do to Florida. Florida is always on the edge of turning Democrat in national elections because of the yankee wetbacks and carpetbaggers. Eventually the southern counties will rule and it will be New York sensibilities and politics.


36 posted on 05/27/2019 12:50:15 PM PDT by arthurus (̃yiER)
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To: Seaplaner

We’ve recently acquired another home in Gardnerville, Nevada ( just down the hill, and over the state line from Lake Tahoe). Same story. Gas is a buck a gallon less, there is NO STATE INCOME TAX and property taxes are so low, by comparison to CA you hardly know that they exist! The locals are 95% conservative and a lot of them routinely carry a gun. Plus the scenery is to die for. The only thing that’s really gotten hard to understand is that restaurants are all through serving dinner at 9 p.m.


37 posted on 05/27/2019 12:53:40 PM PDT by vette6387
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To: Seaplaner

We pay so much to live here for the sole reason that we are here. Friends, family, etc. sometimes it’s impossible to move (taking care of elderly, children in special school). But we dream!


38 posted on 05/27/2019 12:56:31 PM PDT by Yaelle
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To: Boomer

in the once-great state of Californication, a dollar buys about 5 cents of stuff nowadays

indeed, less.
sodas used to be 5 cents.
now they are $2 or $2.50 sometimes in vending machines and $3 (plus 30 cents tax) in diners
in Californication


39 posted on 05/27/2019 12:57:36 PM PDT by faithhopecharity ( “Politicians are not born; they are excreted.” Marcus Tullius Cicero (106 to 43 BCE))
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To: onyx; Jim Robinson

Hi.

So when Floridians give to the FReepathon, we actually give one full dollar. Not like NY and CA. So in the tally of the state’s, decrease the NY and CA rankings by the appropriate percentage.

Oh, and TX too.
Thanx.

5.56mm


40 posted on 05/27/2019 12:59:33 PM PDT by M Kehoe (DRAIN THE SWAMP! BUILD THE WALL!)
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