How Much Do $100 Buy in the United States?
The Tax Foundation created a map showing the value of goods
that $100 can buy you in each of the states. Mississippians get the biggest
bang for their buck. With $100 you get $115.34 worth of goods compared to the
national average.
In California your $100 drop to just under $89 and in New
York, the same $100 buy you $86.43 worth of goods compared to the rest of
nation. With Manhattan and other leafy neighborhoods in NY and Los Angeles and
San Francisco in CA, there are little surprises about some of the most
expensive places to live.
Where do you get the least value for $100? In the District
of Columbia, also known as Washington, DC. Residents of the nation’s capital
lose over 15% in the value of their hard earned dollars.
The city’s current local minimum wage of $10.50 is well
above the federal rate of $7.25. However, DC’s rate looks a little less
comforting when viewed against how much it actually buys you. Compared to the
national average, these $10.50 are worth about $8.90. No wonder the city just
approved the next raise to $15 an hour.
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