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33 sats \ 3 replies \ @BlokchainB 8 Dec \ on: The Real Purchasing Power of $100 by U.S. State charts_and_numbers
Yea this data is hard to make sense of
What do you mean?
This data can greatly impact your quality of life and help you consider where you might like to settle. You might be able to live comfortably in one state on a certain salary, but struggle to make ends meet with the same paycheck in another. For example, the median household income in Kansas, Michigan and South Dakota is relatively similar. However, your dollar buys a lot more in Michigan than in Florida.
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$100 doesn’t equate to much in today’s economy. So $100 is worth $112 in South Dakota? That extra $12 isn’t moving the needle that much there plus you have to do a wage adjustment as well.
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Maybe I'm just being super light about this, though. These figures are only about the median imcome. Like, look at your example: in SD, your cash has 12% more buying power. Or, every dollar in AR has 30% more punch than in CA.
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