The Relative Value of $100 Changes by State—This Map Shows What a Benjamin Is Worth Where You Are

IJ Review ^ | Feb 6, 2015 | Joseph Perticone

[Baynative]

A newly released map from the Tax Foundation shows the relative value of $100 varies, depending on the state in which you’re looking to spend money

[Baynative]

No real surprises here. But, interesting to share, I think.

[kingu]

Ahh, liberals, making your money worthless one measure at a time.

[Baynative]

WA Ping

[Star Traveler]

Interesting ...

[MeshugeMikey]

New York and California Edged out but only slightly By D.C.

AMAZING

Thank you

[PieterCasparzen]

LOL. Ahhhhh, NJ resting comfortably near dead last. That’s what that enormous pain is...

[Georgia Girl 2]

Try to pass a Benjamin at the grocery store. They act like its suspicious behavior. Twisting and contorting the bill up in the air looking to see if its fake. Like $100 is big money anymore.

[onyx]

The states where $100 has the most value are:

1. Mississippi – $115.74

[PieterCasparzen]

It’s policy, it’s done at banks as well. Lots of fake benjamins around. it’s big business.

[Fightin Whitey]

The redder the state, the purer the gold.

[Opinionated Blowhard]

The states with the highest value are the ones libs mock as poor Red States due to their income levels.

[Tired of Taxes]

Try to pass a Benjamin at the grocery store. They act like its suspicious behavior. Twisting and contorting the bill up in the air looking to see if its fake. Like $100 is big money anymore.

I never notice them doing that with $100 bills here in NJ.

Probably because $100 is worth only $87.64 here. *sigh*

[ProtectOurFreedom]

I remember Dad coming home from work around 1960 and asking “did you get a twenty today, hon?”

Today’s equivalent is “Did you get two hundred from the ATM today?”

Except today you get ten bills instead of one.

I stopped in Lovelock, NV for gas a couple weeks ago and the ATM there asked if I wanted 50s, 20s, or a mix. Still, four 50s is the equivalent of that single 1960 twenty.

[reed13k]

I get the relative purchasing power - but how did they determine the base $100? I didn’t see it in the article how they decided what mix and value should be $100, and they didn’t establish one location as a reference either.

[ProtectOurFreedom]

At least here in my California, my loss of $11.43 of purchasing power does provide access to spectacular fresh fruit, nuts, and vegetables; redwood forests just up the road; gorgeous ocean and coastline; no snow; lots of sunshine; the Sierras and Yosemite; and no heavy winter coats. Of course, there ARE a few annoyances — ok, well, too many to list (just for full disclosure).

[Michael.SF.]

So my move last year from California to Arizona gave me a 15% increase in spending value and a 7% decrease in state taxes!! WOW!!!

[hosepipe]

[cripplecreek]

It would be interesting to see that taken down to the county level.

Washtenaw county (Michigan) jobs pay better than Jackson county jobs which is why so many people work in Washtenaw while living in Jackson. Its why I landed here right up against the county line myself.

[ProtectOurFreedom]

They picked out a standard “basket” (funny economist term, that) of goods and priced it out in every state. Then they picked the median price state, did the division to arrive at $100, and applied the same divisor to the other states.

Suppose the “basket “ of selected goods cost $2,183.72 in the median state. Divide that by 100 to get 21.8372. Divide every state by that value to get their relative rank “normalized” to 100. The median state tautologically gets a rank of 100.

That approach is MUCH easier than trying to add things to your basket that total up to precisely $100.

We do so much Amazon shopping that our personal ranking is probably skewed. About the only things we buy locally anymore are house, services, food, gas, and house and yard items.

[Karl Spooner]

Yep. Just compare it to back when we had real money.

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