A dollar, as it turns out, is not always worth a dollar. Rather, it varies — and by quite a lot — depending on where you’re at in the United States, according to a new analysis from 24/7 Wall St., a financial news and commentary website.
You might move to a new state for the job opportunities or the entertainment options or the outdoor recreation, but a state’s cost of living might also tip the scale in its favor. In Mississippi? You’ll get the biggest bang for your buck there, with $1 being worth $1.16. But in Hawaii, a dollar holds the least value and is only worth 84 cents. In fact, there are only four states where a dollar is indeed worth a dollar. (Any guesses which ones those are?)
For the analysis, 24/7 Wall St. used regional price parity data from the Bureau of Economic Analysis. The dollar has the most purchasing power in the poorest states, according to the analysis. It’s worth the least amount in states that contain some of the wealthiest cities.
Here’s exactly how much a dollar is worth in all 50 states.
Alabama
Value of a dollar: $1.15
Alaska
Value of a dollar: 95 cents
Arizona
Value of a dollar: $1.04
Arkansas
Value of a dollar: $1.15
California
Value of a dollar: 87 cents
Colorado
Value of a dollar: 97 cents
Connecticut
Value of a dollar: 92 cents
Delaware
Value of a dollar: $1
Florida
Value of a dollar: $1
Georgia
Value of a dollar: $1.09
Hawaii
Value of a dollar: 84 cents
Idaho
Value of a dollar: $1.08
Illinois
Value of a dollar: $1.01
Indiana
Value of a dollar: $1.11
Iowa
Value of a dollar: $1.11
Kansas
Value of a dollar: $1.10
Kentucky
Value of a dollar: $1.14
Louisiana
Value of a dollar: $1.11
Maine
Value of a dollar: $1.02
Maryland
Value of a dollar: 91 cents
<figcaption><cite class="op-vertical-below credits-overlay-new">AdobeMassachusetts
Value of a dollar: 93 cents
Michigan
Value of a dollar: $1.07
Minnesota
Value of a dollar: $1.03
Mississippi
Value of a dollar: $1.16
Missouri
Value of a dollar: $1.12
Montana
Value of a dollar: $1.06
Nebraska
Value of a dollar: $1.10
Nevada
Value of a dollar: $1.03
New Hampshire
Value of a dollar: 94 cents
New Jersey
Value of a dollar: 88 cents
<figcaption><cite class="op-vertical-below credits-overlay-new">AdobeNew Mexico
Value of a dollar: $1.07
New York
Value of a dollar: 87 cents
North Carolina
Value of a dollar: $1.10
North Dakota
Value of a dollar: $1.09
Ohio
Value of a dollar: $1.12
Oklahoma
Value of a dollar: $1.12
Oregon
Value of a dollar: $1
Pennsylvania
Value of a dollar: $1.02
Rhode Island
Value of a dollar: $1
South Carolina
Value of a dollar: $1.11
<figcaption><cite class="op-vertical-below credits-overlay-new">AdobeSouth Dakota
Value of a dollar: $1.13
Tennessee
Value of a dollar: $1.11
Texas
Value of a dollar: $1.03
Utah
Value of a dollar: $1.03
Vermont
Value of a dollar: 98 cents
Virginia
Value of a dollar: 98 cents
Washington
Value of a dollar: 95 cents
West Virginia
Value of a dollar: $1.14
Wisconsin
Value of a dollar: $1.08
Wyoming
Value of a dollar: $1.03
<figcaption id="caption-attachment-40756" class="wp-caption-text"><figcaption><cite class="op-vertical-below credits-overlay-new">Getty Images | Alex WongGetty Images | Alex Wong
How does your state stack up?
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