HOUSTON- When is $100 not worth $100? Actually, the answer depends on which state you live in.
Those were the findings of the Tax Foundation, a non-partisan think tank in Washington, D.C. which compared the purchasing power of $100. They found you get more “bang for your buck” in Mississippi, where $100 is worth $115. Spending strength is also savvy in Arkansas, Missouri, Alabama and South Dakota.
Which states are most likely to take a bite out of your Benjamin’s? You can spend 100 bucks in the blink of an eye if you live in Hawaii, New York, New Jersey or California but Washington, D.C. is the worst. In our nation’s capital, $100 is only worth $84.
The Lone Star State lands pretty much in the middle on this list at $103… better than D.C. but well below Mississippi. “Texas is also a lot nicer than Mississippi so, no comparison” says David Damrell. Amen, brother.