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How much is $100 worth by state

Sep 10, 2024, 4:54 PM | Updated: Sep 13, 2024, 11:52 am

(Photo by Mario Tama/Getty Images)...

(Photo by Mario Tama/Getty Images)

(Photo by Mario Tama/Getty Images)

People that don’t live on the coast are getting more for their money. Arizona seems to be the only state where $100 will get you $100. Some states are more and some are less valued.

In Colorado, the power of $100 is actually lower and valued at $98.00 which is still better than some coastal states like California.

A GoBankingRates analysis found that the purchasing power of $100 is highest in Mississippi, Arkansas, and Alabama. However, $100 won’t get you much in Hawaii or California. In fact, $100 is worth 26% less in California than in Arkansas.

There are 18 states, (CaliforniaHawaiiWashingtonMassachusettsNew JerseyNew YorkNew HampshireOregonConnecticutMarylandRhode IslandColoradoFloridaVirginiaAlaskaIllinoisVermont and Maine), where the purchasing power of $100 is lower than its actual value, and is lowest in California, where it’s estimated to be worth just $88.

The analysis examined median household incomes, cost-of-living expenses, and home values from Zillow to see the impact of inflation by state. Purchasing power tends to dip as you head toward either coast.

See the map here

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How much is $100 worth by state