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Here’s the value of $1 in each state, according to recent data

Posted: 5:38 AM, Jun 03, 2019
Updated: 2019-06-03 20:42:31Z
Here’s the value of $1 in each state, according to recent data

A dollar, as it turns out, is not always worth a dollar. Rather, it varies — and by quite a lot — depending on where you’re at in the United States, according to a new analysis from 24/7 Wall St., a financial news and commentary website.

You might move to a new state for the job opportunities or the entertainment options or the outdoor recreation, but a state’s cost of living might also tip the scale in its favor. In Mississippi? You’ll get the biggest bang for your buck there, with $1 being worth $1.16. But in Hawaii, a dollar holds the least value and is only worth 84 cents. In fact, there are only four states where a dollar is indeed worth a dollar. (Any guesses which ones those are?)

For the analysis, 24/7 Wall St. used regional price parity data from the Bureau of Economic Analysis. The dollar has the most purchasing power in the poorest states, according to the analysis. It’s worth the least amount in states that contain some of the wealthiest cities.

Here’s exactly how much a dollar is worth in all 50 states.

Alabama

Value of a dollar: $1.15

Alaska

Value of a dollar: 95 cents

Arizona

Value of a dollar: $1.04

Arkansas

Value of a dollar: $1.15

California

Value of a dollar: 87 cents

Colorado

Value of a dollar: 97 cents

Connecticut

Value of a dollar: 92 cents

Delaware

Value of a dollar: $1

Florida

Value of a dollar: $1

Georgia

Value of a dollar: $1.09

Hawaii

Value of a dollar: 84 cents

Idaho

Value of a dollar: $1.08

Illinois

Value of a dollar: $1.01

Indiana

Value of a dollar: $1.11

Iowa

Value of a dollar: $1.11

Kansas

Value of a dollar: $1.10

Kentucky

Value of a dollar: $1.14

Louisiana

Value of a dollar: $1.11

Maine

Value of a dollar: $1.02

Maryland

Value of a dollar: 91 cents

Adobe

Massachusetts

Value of a dollar: 93 cents

Michigan

Value of a dollar: $1.07

Minnesota

Value of a dollar: $1.03

Mississippi

Value of a dollar: $1.16

Missouri

Value of a dollar: $1.12

Montana

Value of a dollar: $1.06

Nebraska

Value of a dollar: $1.10

Nevada

Value of a dollar: $1.03

New Hampshire

Value of a dollar: 94 cents

New Jersey

Value of a dollar: 88 cents

Adobe

New Mexico

Value of a dollar: $1.07

New York

Value of a dollar: 87 cents

North Carolina

Value of a dollar: $1.10

North Dakota

Value of a dollar: $1.09

Ohio

Value of a dollar: $1.12

Oklahoma

Value of a dollar: $1.12

Oregon

Value of a dollar: $1

Pennsylvania

Value of a dollar: $1.02

Rhode Island

Value of a dollar: $1

South Carolina

Value of a dollar: $1.11

Adobe

South Dakota

Value of a dollar: $1.13

Tennessee

Value of a dollar: $1.11

Texas

Value of a dollar: $1.03

Utah

Value of a dollar: $1.03

Vermont

Value of a dollar: 98 cents

Virginia

Value of a dollar: 98 cents

Washington

Value of a dollar: 95 cents

West Virginia

Value of a dollar: $1.14

Wisconsin

Value of a dollar: $1.08

Wyoming

Value of a dollar: $1.03

Church And State Separation Examined
Getty Images | Alex Wong

Getty Images | Alex Wong

How does your state stack up?

This story originally appeared on Don't Waste Your Money . Checkout Don't Waste Your Money for product reviews and other great ideas to save and make money.