Tennessee residents have a higher purchasing power than most states, a study found.
In some states, your dollar is worth more than in other states—and now we know just how much. Tennessee landed among the top-15 states where $100 went the farthest with a value of $110.38.
After analyzing regional price parities, the Bureau of Economic Analysis published its data for 2013 prices. The Tax Foundation then updated the value of $100 to put together a nationwide map showing how much a Benjamin will buy you in each state.
Although Tennessee did come out on top of Virginia ($97.09), North Carolina ($109.05) and Georgia ($108.81), other neighboring states fared a bit better:
- Arkansas: $114.29
- Missouri: $112.11
- Kentucky: $112.23
- Alabama: $114.03
- Mississippi: $115.21
To read the BEA’s full news release, visit http://www.bea.gov/newsreleases/regional/rpp/2015/pdf/rpp0615.pdf.
For the Tax Foundation’s nationwide map and overall analysis, visit http://taxfoundation.org/blog/real-value-100-each-state-0.
