The Tax Foundation has provided a wonderful illustration of the relative cost of living in each of the United States:
In the map, the Tax Foundation has adjusted the value of $100 according to its spending power in each state, or rather, for each state's relative purchasing power parity, and in doing so, has shown that 100 U.S. dollars is not worth the same in each state in terms of how much of a defined basket of goods and services that it can buy.
It occurs to us that there's another way can illustrate the data, which might provide the basis for some other interesting analysis. So, to that end, we generated the following interactive map to visualize each state's relative affordability as a percentage of the national average:
We find that Illinois comes closest to the national average, with Mississippi being where money goes the farthest and Washington D.C. as the place where money doesn't go far enough.
Political Calculations is a site that develops, applies and presents both established and cutting edge theory to the topics of investing, business and economics.
Be the first to read Political Calculation's column. Sign up today and receive Townhall.com delivered each morning to your inbox.
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance: William's Edge Webinar for November 21st, 2014 | John Ransom
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for November 19th, 2014 | John Ransom
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for November 17th, 2014 | John Ransom