Here's how much $100 USD is worth in your state and....

[purbeast0]

There's more to it than that too.

http://www.huffingtonpost.com/napal...least-fertile-states-in-the-us_b_5121893.html

High cost of living areas also have lower birth rates. Lower birth rates = less child care costs and hassle of trying to arrange child care if you flee the country for a week or more. Or more cost of bringing the kids with you.

Many people in the cheaper areas are very family oriented and tend to keep their travel in state due to cost/convenience/family friendly nature of it.

It's just not as simple as "they make more in those areas and travel more". Different demographics and different motivations.

yes, i know this heh, which is why i said it's just my observations and obviously not the be all end all.

 

[Brainonska511]

Wow this is complete nonsense, I think my state has one of the lowest amount per $100.00...

I plan on moving to Florida and am glad to see the number being fairly decent.

Don't let the door hit you on the way out.

 

[monkeydelmagico]

I don't mind only getting $87.- for every $100.- I earn because New Jersey is such an awesome place to live.

 

[boomerang]

That's because this "study" came from a known right wing group. They look for data that fits their agenda and post it like that is the only thing you need to know. And of course idiots eat it up.

Thank goodness left wing groups would never be so dishonest.

 

[SP33Demon]

I don't mind only getting $87.- for every $100.- I earn because New Jersey is such an awesome place to live.

How much property taxes do you pay a year? Couldn't pay me to live in NJ.

 

[Insomniator]

I don't mind only getting $87.- for every $100.- I earn because New Jersey is such an awesome place to live.

This.

I don't know if there is any number that could get me to live in MO.

 

[yuchai]

This feels backwards, like pre-internet.

For instance, if you make $50k in MS, that's the same as making $75k in CA but if you subscribe to netflix, it's $8 regardless. Buying something from amazon is the same (maybe there's tax but you get the point).

That's true, but all the big ticket items like housing, transportation, utilities, food, etc pretty much have to be purchased locally, so internet age actually doesn't change the equation all that much.

 

[mztykal]

$85.32... Sadly here in Hawaii.

 

[dud]

top income tax rate in each state = http://finance.yahoo.com/news/how-much--100-is-worth-in-your-state-152310027.html


Interesting tibits.

Thanks OP. A very interesting retirement tool ... if accurate. Anyone know if Yahoo finance is reputable or not? If this was posted by CNN Money I would probably laugh it off.

If I read this right if I move from Florida ($101) to let's say Wisconsin ($107) I will realize and increase in my purchasing power by about 6%?

 

[vi edit]

If I read this right if I move from Florida ($101) to let's say Wisconsin ($107) I will realize and increase in my purchasing power by about 6%?

The article is a joke. I swear it was wrote by somebody from Kentucky. Again I live in this state now and just sort of took attention to the comments about it.

It says and I quote....

"The state income tax rate in Kentucky is among the lowest in the nation at 6%. Comparatively, in Washington, D.C., the income tax rate is 8.95%. In part due to lower income taxes, a hundred-dollar bill in Kentucky is worth 33% more than it is in D.C. Someone earning $40,000 in Kentucky would need to earn at least $53,000 in Washington, D.C. just to maintain the same standard of living. "

Ok. Some of the lowest taxes in the nation.
Really?

There's only around 10 states that have a higher one. How is that "some of the lowest in the nation???"

And then it doesn't even go into the pile of other factors I mentioned that skew the numbers.

 

[BudAshes]

$85.32... Sadly here in Hawaii.

Yet even if it was 25.32 it would still be worth living there.

 

[vi edit]

Yet even if it was 25.32 it would still be worth living there.

I imagine it would be nice for a while, then reality sets in that schools there are crap, getting any sort of non-local food is incredibly expensive, any consumer good or electronic is expensive, you constantly have to deal with tourists, and doing *anything* off the island is a 6+ hour flight.

I think the appeal wears off after a while.

 

[vi edit]

The other thing with that chart is that it's "max brackets". NJ for example doesn't kick into that nearly 9% bracket until you hit $500,000 a year. High standards even for ATOT.

From $75,000 to $499,999k you are only paying 6.37%.

 

[SKORPI0]

Wow IL surrounded by states that are >$100.

 

[vi edit]

Wow IL surrounded by states that are >$100.

Yep, it's bad. But it's *mostly* in property taxes and some other local assessments. At least downstate. I was in Peoria where I didn't even live in the city (had a well and septic system) and still had over $10,000 a year in taxes. There were people in my neighborhood that had over $16,000 a year tabs. My aunt and uncle that lived about 15 minutes away from with a similar house in a very sought after school district had a $21,000 A YEAR property tax bill.

Fuck that noise. U of I is crazy expensive even as a resident. It's a state school and was costing my Uncle almost $25,000 a year to send his oldest kid there. It's cheaper to send them out of state to Iowa or Indiana.

My wife and I both sort of hit plateaus at our jobs, were tired of living downstate and wanted to be closer to a big city without being *in* a big city and wound up getting some great offers in Lexington, KY. Cost of living wise it really is almost a wash. What I saved in property taxes I made up for in other areas that aren't even tax deductible. Not really ahead there. But it's nice knowing that once I pay off my house I'm not staring down a $1000 a month bill still. $360 is a lot easier to swallow.

 

[DrPizza]

I would think that you couldn't really make such a comparison, since prices are so diverse across a state. Average rent for a one bedroom apartment ranges from a few hundred to well over 1000 across NY for instance.

 

[Hugo Drax]

100 is 48 dollars in manhattan.

 

[Wuzup101]

I don't mind only getting $87.- for every $100.- I earn because New Jersey is such an awesome place to live.

Said no one ever....

I'm just kidding - as someone who lives across the border (PA) I feel that I have to make that joke. I could deal with living in NJ if it wasn't for the gun laws.

 

[Insomniator]

Said no one ever....

I'm just kidding - as someone who lives across the border (PA) I feel that I have to make that joke. I could deal with living in NJ if it wasn't for the gun laws.

the gun laws prevent people from living in certain areas? guns are that important?

 

[ethebubbeth]

I'd like to see the breakdown by cities, because I swear $100 feels like $20 here.

They have a subsequent chart on their site breaking it down by metropolitan regional because they received a bunch of requests for exactly that:
http://taxfoundation.org/blog/real-value-100-metropolitan-areas