Map: How much $100 is really worth in every state
By Niraj Chokshi August 18 at 3:22 PM WashPost
Not all Benjamins are created equal.
For the first time ever, the federal government this year introduced a data series that compares price differences among states and metropolitan areas. Those estimates — regional price parities and real personal income — offer something simple and immensely useful for anyone considering making a move: They allow you to compare how far your money goes in each state.
We covered the implications — how you might use the data to compare income or rent in one state with another — when the Bureau of Economic Analysis released the data in April, and today the Tax Foundation published the following map based on the same data to show how far $100 would go in each state.
(The article is here.)
Not all Benjamins are created equal.
For the first time ever, the federal government this year introduced a data series that compares price differences among states and metropolitan areas. Those estimates — regional price parities and real personal income — offer something simple and immensely useful for anyone considering making a move: They allow you to compare how far your money goes in each state.
We covered the implications — how you might use the data to compare income or rent in one state with another — when the Bureau of Economic Analysis released the data in April, and today the Tax Foundation published the following map based on the same data to show how far $100 would go in each state.
(The article is here.)
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