In Hawaii, $100 Is Really $85.62
The state ranks 5oth — that is, last — for the actual value of $100.
A new analysis shows the real value of $100 in each state.
“The states where $100 is worth the most are Mississippi ($115.34), Arkansas ($114.29), Alabama ($113.90), South Dakota ($113.64), and West Virginia ($112.49),” says The Tax Foundation.
“In contrast, $100 is effectively worth the least in the District of Columbia ($84.67), Hawaii ($85.62), New York ($86.43), New Jersey ($87.34), and California ($88.97).”
The data comes from the Bureau of Economic Analysis using prices in 2014.
The Tax Foundation is a nonprofit that bills itself as a nonpartisan research group.
Critics say it leans conservative and in favor of business.
