No surprise that a dollar doesn't go far in California, Hawaii and New York, but there are a lot of states where a dollar goes way beyond 100 cents! The team at 24/7 Wall St. evaluated data from the Bureau of Economic Analysis that considered factors like the price of housing, food, and services.
The 24/7 Wall St. analysis proved that a dollar goes furthest in states with low-income residents, which it has the lowest purchasing power in the nation's largest and most affluent cities. Here's how the study broke out the value of a dollar in each American state.
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Hawaii
$0.84
California
$0.87
New York
$0.87
New Jersey
$0.88
Maryland
$0.91
Connecticut
$0.92
Massachusetts
$0.93
New Hampshire
$0.94
Alaska
$0.95
Washington
$0.95
Colorado
$0.97
Vermont
$0.98
Virginia
$0.98
Delaware
$1.00
Florida
$1.00
Oregon
$1.00
Rhode Island
$1.00
Illinois
$1.01
Maine
$1.02
Pennsylvania
$1.02
Minnesota
$1.03
Nevada
$1.03
Texas
$1.03
Utah
$1.03
Wyoming
$1.03
Arizona
$1.04
Montana
$1.06
Michigan
$1.07
New Mexico
$1.07
Idaho
$1.08
Wisconsin
$1.08
Georgia
$1.09
North Dakota
$1.09
Kansas
$1.10
Nebraska
$1.10
North Carolina
$1.10
Indiana
$1.11
Iowa
$1.11
Louisiana
$1.11
South Carolina
$1.11
Tennessee
$1.11
Missouri
$1.12
Ohio
$1.12
Oklahoma
$1.12
South Dakota
$1.13
Kentucky
$1.14
West Virginia
$1.14
Alabama
$1.15
Arkansas
$1.15
Mississippi
$1.16