How Much Can $100 Buy You in Alabama?

Date: August 18, 2015

Alabama residents have a higher purchasing power than most states, a study found.

In some states, your dollar is worth more than in other states—and now we know just how much more. Alabama landed among the top-five states where $100 went the farthest with a value of $114.03.

After analyzing regional price parities, the Bureau of Economic Analysis published its data for 2013 prices. The Tax Foundation then updated the value of $100 to put together a nationwide map showing how much a Benjamin will buy you in each state.

Among neighboring states, Alabama was ahead of Tennessee ($110.38), Georgia ($108.81) and Florida ($101.21), but just behind Mississippi ($115.21).

To read the BEA’s full news release, visit http://www.bea.gov/newsreleases/regional/rpp/2015/pdf/rpp0615.pdf.

For the Tax Foundation’s nationwide map and overall analysis, visit http://taxfoundation.org/blog/real-value-100-each-state-0.


Related Content: Small Business News | Alabama | Economy

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