The tax foundation put together this map based on the cost of living in every state.
How do I exchange my New York dollars for Mississippi dollars?
(via Tax Foundation)
It's no secret that the cost of living in the U.S. is increasing much faster than wages are. But this trend isn't consistent across the whole country. Recent data released by the Bureau of Economic Analysis reveals a wide disparity in the value of a dollar from state to state. This should come as a comfort to people from the heartland who are tired of being condescended to by New Yorkers and Californians: those jerks are being ripped off for everything.
The Tax Foundation, a nonprofit research organization, took the Bureau's data and created this map, showing the relative value of $100 in every state as compared to the national average. The rankings of the states aren't that surprising, but the difference between them is. The state with the lowest cost of living is Mississippi, where $100 is worth $115.21. The highest cost of living, in contrast, is in Washington, D.C., where $100 is only worth $84.96. That's a 36% difference in the purchasing power of the same unit of currency. To put it another way, someone who made $50,000/year after taxes in Mississippi would have to make $68,000 in D.C. to afford the same lifestyle.