Posted on 08/20/2014 11:58:08 AM PDT by Slings and Arrows
How far does $100 go? Today's map, which comes from the Tax Foundation and uses data from the Bureau of Economic Analysis, answers that question state by state. In Mississippi, your $100 could buy $115.74 worth of stuff relative to the national average. On the other end of the spectrum is Hawaii, where you'd only get $85.32 worth. Washington, D.C. is even lower, at $84.60.
The Tax Foundation offers a little perspective on how to read the map:
Tennessee is a low-price state, where $100 will buy what would cost $110.25 in another state that is closer to the national average. You can think of this as meaning that Tennesseans are about ten percent richer than their nominal incomes suggest.
The Afternoon Map is a semi-regular feature in which we post maps and infographics. In the afternoon. Semi-regularly. Thanks to Niraj Chokshi of The Washington Post for featuring this one.
Color me skeptical. What with the fracking boom, they say the dollar doesn’t go as far in North Dakota as it once did.
And you aren’t even calculating the value of better neighbors, are you?
The dirty little secret about the US tax code is that the brackets all the same, whether you live in Manhattan or in a shack in central Wyoming. And what will allow you to barely get by in Manhattan allows you to live like a king in many parts of the US, and yet you pay the same low tax rate.
I do confess that I miss the days when a lot of my income was not taxed for SS though.
It has a lot to do with WHERE in WA you live. Soap Lake vs Seattle...
I will say this: I have a friend in Maple valley with a fairly nice house on one acre. I have a five year old house on 32 acres that are so spectacular that during a wedding we had there, the folks there that are in the wedding industry (including the pastor) said we had a wedding site gold mine. I caught the pastor with a friend being “mesmerized” by the view, though at the time I thought he was just “some guy”.
Meanwhile, my annual property taxes are less than my friends monthly property taxes.
This is an income tax state, but the sales taxes are fairly low. Meanwhile, there is talk of eliminating the income tax. It’s affecting growth and they know it.
But people in CO can smoke dope, so they don’t care
Strange that Alaska and Hawaii aren’t the same. Both states rely heavily on shipping in goods.
Who knew Mississippi was such a bargain? I mean, besides the people who live there.
Thanks for your insights. I was going mainly off my tourist experiences in NYC and the Niagara/Buffalo area.
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