The Bureau of Economic Analysis has released data which the nonpartisan Tax Foundation has adjusted to convey the value of $100 in each state across the US and in the state of New Hampshire, good ol’ Benjamin Franklin is worth less than you might think.
In New Hampshire — a relatively small New England state neighboring Vermont, Maine and Massachusetts — $100 is worth less than the national average, as it’ll buy $94.43 worth of goods.
In Vermont, the purchasing power of the dollar is higher, as c-notes are worth $99.80 for Vermonters. In Maine, purchasing power is even greater, as it’s $2.35 above the national average, but in Massachusetts, $100 buys even less than it does in NH.
For those in Massachusetts, Benjamin Franklin is worth a mere $93.20 — $6.80 below the national average.
While the value of the dollar is down in the northeast, it’s doing well in the south, as states like Alabama, Louisiana, Arkansas and Mississippi are all well above the national average. In fact, in the state of Mississippi, your dollars go further than in any other state across the country.
In Mississippi, $100 buys $115.21 worth of goods. A nice margin of contrast in comparison to the nation’s capital of Washington, D.C., a place where $100 buys just $84.96 worth of goods.
The bottom three in regards to dollar value when it comes to purchasing goods are Hawaii, New York and DC. The top three, where your dollars go the furthest, are Mississippi, Arkansas and South Dakota.
- Mississippi – $115.21
- Arkansas – $114.29
- South Dakota – $114.16
The source of the aforementioned numbers is derived from the Bureau’s Regional Price Parities data which estimates average price levels in each state for household consumption.
Are you surprised by how little $100 actually buys in the state of New Hampshire?