How Much Can You Buy With $100 in Each State? Complete Ranking
It’s no surprise that the value of the U.S. dollar has more and less value, depending on the city and state. Understanding what $100 is truly worth in each state can help you budget for out-of-state trips and play a factor in determining where to move to if relocating is in your plans.
Prices differ for various products and services across state lines. Coffee may cost more in Seattle than in Des Moines, but does that mean everything is more expensive in the state of Washington?
Bountii’s data shows how each state ranks when it comes to how much $100 is worth. Knowing your state’s value could make you think twice about which state you call home.
Each Dollar Counts
The state-by-state $100 value breakdown compiled by Bountii looks at data from the Bureau of Economic Analysis. They measure how much someone can buy for $100 in each state. For example, in Washington, $3.92 is the average price for a cup of coffee, which is the most expensive in the U.S.
In this list, the state recognized as one of the best destinations to visit falls behind all other states when it comes to the value of the dollar. In contrast, you just might want to pack your bags and move to the state where you get the most bang for your $100 bucks.
Below is the value of the dollar in each state, ranked from the highest value to the lowest value.
Stretching the Dollar Farthest
Interestingly, the second and third states on the list, Alabama and Arkansas, share a border with Mississippi, which ranked as the state where $100 has the most value.
Louisiana and Georgia are also southern states that made the top 15. However, not all Southern states ranked as highly.
Which States Come Last
With a $100 bill worth a measly $84.18, residents in Hawaii have it tough financially. However, Hawaiians are rich in other respects. The Aloha State ranks first in the nation for its healthcare, with Mississippi landing at the bottom of that list.
Meanwhile, New York is the second-worst state for how far $100 stretches. The Empire State ranks highest in the nation in rent cost, which certainly doesn’t help the situation.
The Rising Dollar Nationwide
With the dollar’s value varying by state, what do reports say about the overall value of the dollar? Could the value of a rising dollar improve the value of $100 in states ranked lowest on this list?
Despite a lot of uncertainty, some experts say the U.S. dollar will continue to show strength. That’s good news for the 14 states that fall below Illinois, which is the state with the closest value to $100 ($100.30).
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