Here's how much a US dollar is worth in every state.
From Wall Street 247, May 25, 2019
The U.S. dollar is one of the strongest currencies in the world, meaning its purchasing power is much greater than the currencies of nearly all other independent nations. Yet the purchasing power of a dollar fluctuates greatly within U.S. borders, as the price of housing, food, and services vary considerably across the country.
To shed light on these differences that reflect the relative purchasing power of Americans in every state, 24/7 Wall St. calculated the value of a dollar in each state using data from the Bureau of Economic Analysis.
A dollar goes the furthest in America’s poorest states. Goods and services are less expensive to accommodate the relatively low-income residents. These areas are primarily located in the South. Conversely, the most expensive states – where the dollar has the least purchasing power – are home to some of the nation’s largest and most affluent cities.
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- Value of a dollar: $0.84 (the lowest)
- Personal income per capita: $54,565 (16th highest)
- Income adjusted by cost of living: $41,353 (5th lowest)
- Median home value: $617,400 (the highest)
2018: Hawaii: $100 Worth Only $84.46