Report: Where Do You Get the Most Bang for Your Buck?

Posted: Aug 18, 2014 8:10 PM

How much is $100 dollars worth? The answer to this varies greatly depending upon where you live. For example, $100 is worth 40 percent more in Mississippi than it is in the District of Columbia based on the value of available goods. 

The Tax Foundation compiled data this week from the Bureau of Economic Analysis to find out "which states offer the biggest bang for your buck." 

According to the chart, $100 is worth the most in Mississippi ($115.74), Arkansas ($114.16), Missouri ($113.51), Alabama (113.51), and South Dakota ($113.38). In other words, Mississippi residents are about 15 percent richer than their "nominal incomes suggest."