The Real Value of $100 in South Dakota

realvalueof100The Tax Foundation is back with an updated look at which state offers the biggest bang for your buck by adjusting the value of $100 by cost of living. For the record, South Dakota is pretty great, and by living here you can buy more with $100 than 92% of the county. That’s because we rank 4th with the real value of $100 sitting at $113.64.

Only three states rank higher than South Dakota; Mississippi, Arkansas, and Alabama. The top 5 states are:

  1. Mississippi – $115.34
  2. Arkansas – $114.29
  3. Alabama – $113.90
  4. South Dakota – $113.64
  5. Kentucky – $112.74

For comparison, Hawaii has the lowest real value of $100 at just $85.62. The bottom 5 states are:

  1. Hawaii – $85.62
  2. New York – $86.43
  3. New Jersey – $87.34
  4. California – $88.97
  5. Maryland – $90.66

See how the rest of the nation stacks up:

So enjoy your new-found wealth! I’m not saying go wild and make it rain. But next time you’re wandering the aisles of your local department store, and you pass the bargain blu-ray bin, don’t feel guilty about tossing one or two in your cart.

 

More about the Real Value of $100:

The Real Value of $100 measure was produced using the Bureau of Economic Analysis’ (BEA), regional price parities (RPP) which were released in early July. We did a little blog write-up on the most current release a couple weeks ago if you want to read up on RPP.

Related Article: South Dakota has 3rd Lowest Cost of Living (2015)



Categories: Rankings

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