Spending $100 in Indiana will net you $11.36 more in goods than the national average, according to a study by the Tax Foundation.
Spending $100 in Indiana will net you $11.36 more in goods than the national average, according to a study by the Tax Foundation.
The study, which looked at the real value of $100 in each state, compared the value of goods between high and low-cost areas of the country. Researchers used U.S. Bureau of Economic Analysis data and adjusted the value, revealing strikingly large differences in how much consumers can purchase for $100 around the country.
The study showed a 38 percent difference between the most expensive and least expensive states. To put this in perspective, what $50,000 would get you in Mississippi would require $69,137.34 in Hawaii.
The top states in the Tax Foundation’s rankings are Mississippi ($116.69), Arkansas ($115.61), Alabama ($115.34), West Virginia ($114.94), and Kentucky ($113.77). The lowest-ranked states are Hawaii ($84.39), the District of Columbia ($85.54), New York ($86.36), California ($87.11), and New Jersey ($88.57). Indiana ranked eleventh in the country overall for purchasing power.
