What Does $100 Get You? Not As Much In Massachusetts, Report Says
BOSTON (CBS) – Getting more for your money depends on where you live, according to a new report.
An article in Forbes looks at the real value of $100 and how the price of goods varies from state to state. A Tax Foundation map shows that it's worth the most in Mississippi ($115.74), Alabama, Arkansas, West Virginia and Kentucky.
How far does your dollar go in your state?
— Tax Foundation (@TaxFoundation) August 18, 2018
Adjusting incomes for price level can substantially change our perceptions of which states are truly rich or poor.
Find out here: https://t.co/YRKJQt1s0M@ericadyork #PurchasingPower #CostofLiving pic.twitter.com/FM1SC1wRIR
Massachusetts lands near the bottom of the list at No. 44. The report says $100 will buy you only about $92 worth of goods in the Bay State.
The places where $100 is worth the least are Hawaii ($84.46), Washington D.C., New York, California and New Jersey.