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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: Boomer

ANNNDD...Comparing it)the dollar) to the value back in 1913, ( sumtin came about that year) it’s worth 1 CENT NOW !!!


41 posted on 05/27/2019 1:08:54 PM PDT by litehaus (A memory toooo long.............)
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To: faithhopecharity

sodas used to be 5 cents......
Seeing that 5 cents thingy made my memory go back tothe 5 cent “Belly Busters) at White Castle ! AND They were on ssle on weekends. 24 for a dollar


42 posted on 05/27/2019 1:13:19 PM PDT by litehaus (A memory toooo long.............)
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To: litehaus

WOW!
we had a local burger place like White Castle (somewhat larger burgers, tho not huge)

it was 13 burgers for a dollar.
that was as cheap as I can recall, and they were GOOD!


43 posted on 05/27/2019 1:17:37 PM PDT by faithhopecharity ( “Politicians are not born; they are excreted.” Marcus Tullius Cicero (106 to 43 BCE))
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To: Boomer

I’m pretty sure the dollar is worth about 30 cents in Illinois.


44 posted on 05/27/2019 1:29:41 PM PDT by Pilgrim's Progress (http://www.baptistbiblebelievers.com/BYTOPICS/tabid/335/Default.aspx D)
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To: Seaplaner

To be fair, many people continue to live in these abominable states because they are unable to move due to cost, jobs, family, and a myriad of other reasons.
California is a whole other story.


45 posted on 05/27/2019 1:33:44 PM PDT by BatGuano (Ya don't think I'd go into combat with loose change in my pocket, do Ya?)
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To: sparklite2

That depends on the area. South Florida tends to be expensive, especially as to housing.


46 posted on 05/27/2019 1:34:36 PM PDT by Rockingham
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To: arthurus

Suppose rent in Dallas is $1000 a month and for a comparable apartment in Seattle it is $2000 a month, and in Biloxi it is $500.

Choosing Dallas as a base, a dollar in Dallas is worth a dollar. Since Seattle would only buy half a month’s rent compared to Dallas, Seattle’s dollar is worth fifty cents.
By the same math, Biloxi’s dollar is worth two dollars.


47 posted on 05/27/2019 2:09:18 PM PDT by sparklite2 (Don't mind me. I'm just a contrarian.)
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To: arthurus

If you drill down far enough, you end up here.

https://www.bea.gov/news/blog/2019-05-23/check-out-buying-power-your-metro-area


48 posted on 05/27/2019 2:21:46 PM PDT by sparklite2 (Don't mind me. I'm just a contrarian.)
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To: Boomer
how is the standard dollar calculated?
49 posted on 05/27/2019 2:36:16 PM PDT by Chode ( WeÂ’re America, Bitch!)
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To: Boomer

Kinda thinking California should be more like $0.65 cents.

Lets get real about this.

The COL out here with taxation, housing flooded with illegal aliens, and a whole lot more, has skyrocketed.

It’s tough on a lot of businesses because their employees simply cannot afford to live here.


50 posted on 05/27/2019 2:42:52 PM PDT by DoughtyOne (Can I get a shout out for the person(s) who donated $2,000.00 from France? Thanks so much! Wow!)
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To: arthurus

“I do hope you didn’t bring Massachusetts politics to your new home as so many NYers do to Florida”

I’m an old guy and grew up in Northern NJ in a Conservative Italian family in the 50’s. In fact in the 50s the Democrats of the day were as Conservative as the Republicans of today.

SC is really red and there are MAGA hats & Thank You Jesus signs all over.


51 posted on 05/27/2019 2:45:08 PM PDT by billyboy15
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To: Boomer

Here’s a fiscal ranking of all 50 states from the latter part of 2018. Compares Democrat vs Republican controlled states.

https://www.mercatus.org/statefiscalrankings


52 posted on 05/27/2019 3:14:47 PM PDT by Kay
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To: sparklite2

Bottom of the barrel?


53 posted on 05/27/2019 3:21:10 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; carriage_hill

Very useful for any considering a major relocation...factor the dollar value when comparing pay, benefits, and taxation.


54 posted on 05/27/2019 3:25:10 PM PDT by lightman (Byzantine Troparia: The "praise choruses" of antiquity.)
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To: Veto!
Fortunately I live near the state line. Can run over to Idaho once a month and pay up to 13-cents less per gallon of gas.

Same here on the AZ-UT border. 30-cents a gallon cheaper in Utah.

55 posted on 05/27/2019 3:31:08 PM PDT by Oatka
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To: Boomer

WOW ! For the first time in Kentucky’s history there near the top in something Tied for third. Thanks Governor Bevin


56 posted on 05/27/2019 4:54:25 PM PDT by cquiggy
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To: BatGuano
To be fair, many people continue to live in these abominable states because they are unable to move due to cost, jobs, family, and a myriad of other reasons. California is a whole other story.

Agreed, my good FRiend.

It took me several years, post retirement, to manage to move from the once Golden State.

That was 4 years ago, and I'm thankful every day that I made the (difficult, in many ways) jump.

I'm a political refugee, but there are many more reasons for moving. DD is an important process.

That said, I more than understand the reasons for remaining, and the substantial frustration, as well.

57 posted on 05/27/2019 10:18:13 PM PDT by Seaplaner (Never give in-never, never,never...except to convictions of honour and good sense. Winston Churchill)
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To: vette6387

Ah. I stayed in Lake Tahoe in 1984, just across the Ca-NV border. I jogged to Nevada one day to see a casino. Bought a steak dinner, didn’t gamble.

Very beautiful. Ponderosa pines. I drove all around the lake. Saw the site of the Ponderosa TV show.


58 posted on 05/29/2019 5:02:15 PM PDT by Forgiven_Sinner (Seek you first the kingdom of God, and all things will be given to you.)
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To: Forgiven_Sinner

“Ah. I stayed in Lake Tahoe in 1984”

Well, that was a different time! When we use the Kingsbury Grade to reach South Tahoe from Gardnerville (a distance of 24 miles door to door), it takes about 30 minutes in good weather, To drive from the State Line to the left turn onto Hwy 50 going west is about 5 miles, and with the traffic congestion, it takes another 30 minutes. You used to have to drive up to the lifts at Heavenly Valley to board them to ski, now a gondola comes right into the State Line Area to take you up. But, with all that, it’s still beautiful!


59 posted on 05/29/2019 7:54:32 PM PDT by vette6387
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