The value of $100

[DutchJazzer]

he Tax Foundation, a non-partisan research organization, recently unveiled a study indicating the value of $100 in all 50 states.

The value of $100 is worth the most in Mississippi ($115.21), Arkansas ($114.29), South Dakota ($114.16), Alabama ($114.03) and West Virginia ($113.12). Areas including the District of Columbia ($84.96), Hawaii ($86.06), New York ($86.73), New Jersey ($87.34) and California ($89.05) have the lowest value.

Alan Cole and Scott Drenkard, who organized the study, said typically states with the higher nominal incomes maintain higher price levels as a result.

“This is because there is a relationship between the two: In places with higher incomes, the prices of finite resources like land get bid up,” Cole and Drenkard wrote in the report. “But the causation also runs in the opposite direction. Places with high costs of living pay higher salaries for the same jobs. This is what labor economists call a compensating differential; the higher pay is offered in order to make up for the low purchasing power.”

Consequently, Cole and Drenkard say that adjusting incomes for price level adds perspective concerning regional prosperity.

The ramifications of these statistics relate to public policy and its implementation because policies are often created based off of the dollar’s value.

“Many policies—like minimum wage, public benefits, and tax brackets—are denominated in dollars,” Cole and Drenkard wrote in the report. “But with different price levels in each state, the amounts aren’t equivalent in purchasing power.”

Because of this, those living in more expensive states typically pay more in federal taxes without benefitting from higher standards of living.

The Tax Foundation generated these statistics based off of the the Bureau of Economic Analysis’ recent publication measuring real personal income for states in 2013.

lol at new york and caalifornia

 

[[size/HUGE] boobs [/size]]

lol at new york and caalifornia

Why because they can work more USD retire to middle America buy five houses for the price they sale and rent th to your children? Maybe you brew more moonshine and think on this more.

 

[[size/HUGE] boobs [/size]]

Hey Dutch i have fun game. Let us compare crime in high cost state to your low cost state.

 

[RJF]

So who is huge an alt of? He's SOOOOOOO ****ing annoying!

 

[DutchJazzer]

Hey Dutch i have fun game. Let us compare crime in high cost state to your low cost state.

ok produce the numbers then bro

 

[Miggs]

So who is huge an alt of? He's SOOOOOOO ****ing annoying!

Be nice.

 

[Saint Cy of JFC]

Everyone give me their money and I can spend it in the most efficient and valuable way.

 

[colton]

Hey Dutch i have fun game. Let us compare crime in high cost state to your low cost state.

I've lived in four states. The crime in the 2 lowest cost states was much lower than the crime in the two highest cost states. In fact, I would rank the crime like this:

Wisconsin (lowest crime)
Utah
Maryland
California (highest crime)

which is exactly also the order of their cost of living.

 

[fishonjazz]

I've lived in four states. The crime in the 2 lowest cost states was much lower than the crime in the two highest cost states. In fact, I would rank the crime like this:

Wisconsin (lowest crime)
Utah
Maryland
California (highest crime)

which is exactly also the order of their cost of living.

This makes sense to me

 

[[size/HUGE] boobs [/size]]

I've lived in four states. The crime in the 2 lowest cost states was much lower than the crime in the two highest cost states. In fact, I would rank the crime like this:

Wisconsin (lowest crime)
Utah
Maryland
California (highest crime)

which is exactly also the order of their cost of living.

Your personal experience? I do not doubt you. Why you include outlier state instead average? Gun murder is most high in low cost state.

 

[Dr. Jones]

I have lived in 17 states and have only committed crimes in 11 of them.

 

[[size/HUGE] boobs [/size]]

Bottom line is high value state need to start exporting there criminals and vagrant back to low value state instead of subsidizing middle America. I wonder how Dutch rudder will laugh when New York and California stop subsidizing there problems? Same like the USA protecting the world. New York should stop and watch America burn?

 

[Nate505]

You mean the places where people want to live are the most expensive? Shocking.

The value of $100 is worth the most in Mississippi ($115.21), Arkansas ($114.29), South Dakota ($114.16), Alabama ($114.03) and West Virginia ($113.12).

How many people are clamoring to move to these states? Usually the only thing that can bring people there are jobs combined with a cost of living where one can live there in a massive house.

Colorado gets you less according to the map, but we can't keep people out of here. It has a much better growth rate than somewhere like Oklahoma City, a place that gets you way more for your buck....but nobody in their right mind whose been to both states would choose Oklahoma City over Denver, other than religious reasons I guess.

 

[Saint Cy of JFC]

You mean the places where people want to live are the most expensive? Shocking.

The value of $100 is worth the most in Mississippi ($115.21), Arkansas ($114.29), South Dakota ($114.16), Alabama ($114.03) and West Virginia ($113.12).

How many people are clamoring to move to these states? Usually the only thing that can bring people there are jobs combined with a cost of living where one can live there in a massive house.

Colorado gets you less according to the map, but we can't keep people out of here. It has a much better growth rate than somewhere like Oklahoma City, a place that gets you way more for your buck....but nobody in their right mind whose been to both states would choose Oklahoma City over Denver, other than religious reasons I guess.

Maybe people who want clean water free of gold mine pollution?

 

[[size/HUGE] boobs [/size]]

How many people are clamoring to move to these states? Usually the only thing that can bring people there are jobs combined with a cost of living where one can live there in a massive house.

Dutch rudder pushing that Chinese model. What wrong with being broke and working poor? At least you can have a gun and your hundred USD goes more farther because you WAGES ARE HALF.

 

[Nate505]

Maybe people who want clean water free of gold mine pollution?

Durango is like 300 miles away from Denver. That would be like saying Katrina mess up the water for people in Memphis.

 

[Saint Cy of JFC]

Durango is like 300 miles away from Denver. That would be like saying Katrina mess up the water for people in Memphis.

Well things that happen on the Gulf Coast do affect the price of seafood for Memphis....

 

[Saint Cy of JFC]

I think the presence of some sort of big city is what mainly affects the value of the $ for the state as a whole.

Is Washington really that much better than Oregon? Or is just that Seattle is a bigger hub than Portland, so that affects the average value of the $ within the state the most?

 

[Saint Cy of JFC]

Kind of the same thing with Louisiana and Arkansas. On average, Arkansas is much nicer than Louisiana, but Louisiana has one city that is a much bigger hub than anything Arkansas has.

 

[colton]

Why you include outlier state instead average?

Don't understand what you mean, sorry.

Gun murder is most high in low cost state.

Evidence for that?