Courtesy of Taxfoundation.org
By David Cawthon
Dolla dolla bill y'all has a different meaning in the Show-Me State. What a hundred bucks is worth depends on where you spend it, according to a recent report released by the Tax Foundation.
To illustrate this concept, think of it this way: you’ve probably noticed that the price of goods varies across the country. That time when you balked at gas prices in other states or took that pricey trip to our nation’s costly coasts and wondered why everything was so expensive you weren't crazy after all.
It’s true. Your money goes a bit further in Missouri.
Using data from the Bureau of Economic Analysis to set the average national value at $100, Missouri comes out ahead with $113.51 in purchasing power against that baseline. So, Missourians have about a 13.5% advantage over the national average.
Behind Mississippi’s $115.74 and Arkansas’s $114.16, The Show-Me State is tied with Alabama for the third highest relative value of what $100 will buy.
Some counties in central Missouri top out at $123.75, which no other county in any other state can top, according to the Tax Foundation’s data.
Sure states that have higher costs of living typically have workers earning higher wages, but that’s a whole other data set.
If you ever felt like you were spending more money in other states, now you’ve got the proof to show it.