The NY Times has an article called What $100 Can Buy, State by State. You know I can’t resist a good 50-state infographic. The first chart is basically a cost-of-living comparison. The findings shouldn’t be too surprising.
- Stuff and services cost the most in District of Columbia, Hawaii, New York, New Jersey, California, and Maryland.
- Stuff and services cost the least in Mississippi, Arkansas, Alabama, South Dakota, and Kentucky.
You would expect the states with higher cost-of-living to also have higher incomes. But the correlation isn’t always perfect. I found the second chart to be more interesting, as they adjusted for incomes. Some places had low-to-average income and high prices, while some states had average-to-high incomes and low prices.
- The states where per capita incomes have the most purchasing power were North Dakota, Connecticut, District of Columbia, Wyoming, Massachusetts, and Nebraska.
- The states where per capita incomes have the least purchasing power were Utah, New Mexico, Arizona, Idaho, and Hawaii.
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