The Real Value of Housing Money in Each State
by Dan Dzombak, Motley Fool, September 3, 2014
Last week, an infographic from the Tax Foundation went viral showing the relative value of $100 in each state. As I wrote then: "The above data doesn't tell the full story. ... A large portion of the differences in price parity is based on the cost of rent or the comparable mortgage payments."
I calculated the relative value of housing dollars using data on regional price parities from the Bureau of Economic Analysis. The $100 level is based on the national average; each state's data is then relative to that level. When you include everything, the relative value of $100 in each state varied from $84.60 to $114.74.
Now, I've created my own infographic to show the relative value of housing dollars in each state compared with the national average. Read on to learn more.
By state, in terms of housing, your dollars go the furthest in Mississippi, where the relative value of $100 is $161.03. Your dollars get you the least in Hawaii, with a relative value of $62.89. That means the same amount of money for housing is worth 150% more in Mississippi than in Hawaii. Even in less extreme cases, the differences can be high....
read ... The Real Value of Housing Money in Each State
Related: In Hawaii $100.00 is Only Worth $85.32