General Discussion

packman

(16,296 posts) Thu May 26, 2016, 11:25 AM May 2016

Getting the most bang out of your buck - cheapest/most expensive states

to live in -

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"Income levels differ far more than costs of living between states. In states with high incomes, a single dollar tends to be worth less because of the often higher costs of living in those states. In the 15 states where the dollar is worth the least — that is, with the highest costs of living — the median annual household income exceeds the national median of $53,657. In low-income states, by contrast, a single dollar tends to go relatively far. "

Poor ol' Mississippi - the state where a dollar goes the furthest, has the highest poverty rate and lowest household median income in the nation and where , probably, more federal tax dollars go to "support" that high poverty rate.

Read more: The Value of a Dollar in Every State - 24/7 Wall St. http://247wallst.com/special-report/2016/05/13/the-value-of-a-dollar-in-every-state/#ixzz49m6y3HCT

6 replies

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Getting the most bang out of your buck - cheapest/most expensive states (Original Post) packman May 2016 OP

The money would have to GO THE OTHER WAY annabanana May 2016 #1

The other way? You mean be worth less, then you'd move there? whatthehey May 2016 #4

no. I mean annabanana May 2016 #5

A state average is not very meaningful. Living in Manhattan is very different economically merrily May 2016 #2

True packman May 2016 #3

I think this is a bit misleading. a la izquierda May 2016 #6

annabanana

(52,791 posts)

1. The money would have to GO THE OTHER WAY

Reply to packman (Original post)

Thu May 26, 2016, 11:37 AM

May 2016

for me to live in Mississippi.

And it would have to be significant bucks.

whatthehey

(3,660 posts)

4. The other way? You mean be worth less, then you'd move there?

Reply to annabanana (Reply #1)

Thu May 26, 2016, 12:08 PM

May 2016

This is a comparison of how much a dollar buys in a given state compared to the average. A higher number is better for the consumer, cet. par.

If I retire in the US MS is a possibility but a low-ranking one. While I am sure all standard amenities are available in the state's larger towns anyway, the combination of RWNJ politics and limited cultural amenities keep its ranking for me down even though living standards are decent.

annabanana

(52,791 posts)

5. no. I mean

Reply to whatthehey (Reply #4)

Thu May 26, 2016, 12:48 PM

May 2016

they'd have to pay me.

merrily

(45,251 posts)

2. A state average is not very meaningful. Living in Manhattan is very different economically

Reply to packman (Original post)

Thu May 26, 2016, 11:37 AM

May 2016

from living in Buffalo.

packman

(16,296 posts)

3. True

Reply to merrily (Reply #2)

Thu May 26, 2016, 11:55 AM

May 2016

City living and various cities within those states makes a big difference. Still , IMHO, state averages say a lot about jobs, political views, expectations , services, etc. I personally would want to live in a state with a good average income and a low poverty rate which says a lot about its political management.

a la izquierda

(11,795 posts)

6. I think this is a bit misleading.

Reply to packman (Original post)

Thu May 26, 2016, 01:04 PM

May 2016

I live in Morgantown, WV. It's expensive as hell here (and I grew up in NJ and lived in Los Angeles). Housing is outrageously expensive and of poor quality. Wages in the state are very low. Groceries and gas are expensive.
It sucks.

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