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How Much is $100 worth in Every U.S. State?

Captain Adverse

Captain Adverse

Classical Liberal Sage
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I found the following video on YouTube and thought it might be of general interest.



This is how local inflation of goods and services affects the value of your income.

Judging from the listing of high and low value States it is clear that supply and demand are at work.

Still, I thought it might peak some discussion.
 
Captain Adverse said:
I found the following video on YouTube and thought it might be of general interest.



This is how local inflation of goods and services affects the value of your income.

Judging from the listing of high and low value States it is clear that supply and demand are at work.

Still, I thought it might peak some discussion.
Click to expand...


Pretty much what I imagined when I saw the thread title.

And if the data is more than a few days old it missed the mega gas-tax increase in California....
 
Captain Adverse said:
I found the following video on YouTube and thought it might be of general interest.



This is how local inflation of goods and services affects the value of your income.

Judging from the listing of high and low value States it is clear that supply and demand are at work.

Still, I thought it might peak some discussion.
Click to expand...


I am surprised that the buying power is so close together.
 
joG said:
I am surprised that the buying power is so close together.
Click to expand...

IKR, housing prices in Bethesda, MD are insane. My cousin is moving to Texas and getting a ridiculous house for < $300k, here that would buy you NOTHING.
 
I find this less meaningful when you can buy most everything online now (except real estate obviously), but it's always fascinated me how the warmer weather republican states are mostly cheapest, a self-inflicted poverty
 
Captain Adverse said:
This is how local inflation of goods and services affects the value of your income.
Click to expand...
Sorry to nit-pick, but this isn't about inflation. It's about local cost of living.

Most of it is due to housing costs.

Usually, wages are also higher in those states, which brings it more or less into parity.
 
chromium said:
I find this less meaningful when you can buy most everything online now (except real estate obviously), but it's always fascinated me how the warmer weather republican states are mostly cheapest, a self-inflicted poverty
Click to expand...

Far more complicated than you know. Do you have any idea why you say self-inflicted? Do you think if they raised taxes and welfare spending the cost of living would be like NYS???
 
Spartacus FPV said:
IKR, housing prices in Bethesda, MD are insane. My cousin is moving to Texas and getting a ridiculous house for < $300k, here that would buy you NOTHING.
Click to expand...

A studio apartment?
 
Captain Adverse said:
I found the following video on YouTube and thought it might be of general interest.



This is how local inflation of goods and services affects the value of your income.

Judging from the listing of high and low value States it is clear that supply and demand are at work.

Still, I thought it might peak some discussion.
Click to expand...


I have to discuss moving!
 
If this is mostly based on housing costs than even that, here in NYS, would be misleading and skewed.

A $150,000 home in upstate NYS would be at least $600,000 around NYC/downstate. In downstate NYS you couldn't buy a house for $150,000 if it was on fire. But upstate? There's plenty of very nice homes in the $100,000-$200,000 range.
 
1] I too was surprised by how close the numbers were across the different states.

2] I see this difference in prices partly reflective of free-market demand. People pay more to live in places they perceive as desirable, and pay less for places they deem less desirable.

3] While we all like to get value for our dollar, I think those raving about the cheap states may want to reconsider their bravado. Not everyone wants to live among the poorer, less educated, and more unemployed, in order to save a buck.
 
Chomsky said:
1] I too was surprised by how close the numbers were across the different states.

2] I see this difference in prices partly reflective of free-market demand. People pay more to live in places they perceive as desirable, and pay less for places they deem less desirable.

3] While we all like to get value for our dollar, I think those raving about the cheap states may want to reconsider their bravado. Not everyone wants to live among the poorer, less educated, and more unemployed, in order to save a buck.
Click to expand...
I take exception to your #3. As someone who purposely moved from California (after 40+/- years) to Iowa 12 years ago I can attest to the general accuracy of the numbers. I get much more bang for my buck here. In California it didn't matter how many raises I got or how big they were, I always that that I was only treading water, financially.

And, I can also say there has been no drop whatsoever in intelligence, which is not necessarily measured by educational degrees, though there are a lot of those here, too. There are a few things I miss about California, sure, but overall the people are better in Iowa and Iowa is an overall better place to live.
 
radcen said:
I take exception to your #3. As someone who purposely moved from California (after 40+/- years) to Iowa 12 years ago I can attest to the general accuracy of the numbers. I get much more bang for my buck here. In California it didn't matter how many raises I got or how big they were, I always that that I was only treading water, financially.

And, I can also say there has been no drop whatsoever in intelligence, which is not necessarily measured by educational degrees, though there are a lot of those here, too. There are a few things I miss about California, sure, but overall the people are better in Iowa and Iowa is an overall better place to live.
Click to expand...
When I let that post fly and reread it afterwords, I had a gut feeling it was going to rub some wrong, so I hope I didn't offend you (and apologize if I did).

I was thinking in terms of places like California or Massachusetts, versus places like Missisippi and Alabama. And yes, I pointed out and you proved that there are places on the low COL side that may have a decent quality of life. IOWA's not my thing, but I sure wouldn't knock anyone for liking it either.

But I would like to point-out I very specifically used "education" vs something different like "intelligence". The reason being that education and income have a very strong postive correlation. Also, with these terms I'm speaking of statewide general statistical data. There always will be individual anomaly or pockets and locales that are anomalous.
 
radcen said:
I take exception to your #3. As someone who purposely moved from California (after 40+/- years) to Iowa 12 years ago I can attest to the general accuracy of the numbers. I get much more bang for my buck here. In California it didn't matter how many raises I got or how big they were, I always that that I was only treading water, financially.

And, I can also say there has been no drop whatsoever in intelligence, which is not necessarily measured by educational degrees, though there are a lot of those here, too. There are a few things I miss about California, sure, but overall the people are better in Iowa and Iowa is an overall better place to live.
Click to expand...

Now THATS a strong statement!
 
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