Quantcast

COST OF LIVING: How Much is Your Dollar Worth in California? 84 Cents…

Tied with New York and New Jersey for the worst value in the U.S....

(The Center Square) The dollar’s purchasing power in California is 84 cents based on the regional cost of items such as housing, groceries and services in 2019, according to a new analysis from the website 24/7 Wall St.

California is tied with New York and New Jersey for the worst value in the U.S.

Goods and services in states where household incomes are below the U.S. average tend to be less expensive than in states with household incomes above the national median of $59,729, the study concludes.

Each state’s dollar value was estimated by dividing 100 (the dollar’s base value) by estimates for regional price parity, based on the Bureau of Economic Analysis’ 2019 data, the most recent numbers available.

...article continued below
- Advertisement -

California has a 2020 personal income per capita of $71,480.

That figure was compared to the state’s dollar value and price parity number to calculate the effective personal income of residents on average – $59,757.

The median home value in the state, $568,500, reflects the 2019 U.S. Census Bureau’s American Consumer Survey…Original Source

...article continued below
- Advertisement -

The Dollar’s Purchasing Power, State by State

State Value of Dollar Personal Income Per Capita Income Adjusted by Cost of Living Median Home Value
Alabama $1.14 $46,908 $53,569 $154,000
Alaska $0.95 $64,780 $61,476 $281,200
Arizona $1.04 $48,950 $50,761 $255,900
Arkansas $1.15 $47,109 $54,317 $136,200
California $0.84 $71,480 $59,757 $568,500
Colorado $0.98 $58,500 $53,315 $373,300
Connecticut $0.95 $79,771 $75,782 $280,700
Delaware $1.01 $56,768 $57,109 $261,700
Florida $0.99 $55,337 $54,784 $245,100
Georgia $1.07 $51,165 $54,644 $202,500
Hawaii $0.81 $60,729 $49,008 $669,200
Idaho $1.08 $48,616 $52,408 $255,200
Illinois $1.03 $62,977 $64,614 $209,100
Indiana $1.11 $51,340 $57,141 $156,000
Iowa $1.11 $55,218 $61,292 $158,900
Kansas $1.11 $56,073 $62,129 $163,200
Kentucky $1.13 $46,507 $52,367 $151,700
Louisiana $1.12 $50,037 $56,091 $172,100
Maine $1.01 $54,225 $54,605 $200,500
Maryland $0.92 $68,258 $63,002 $332,500
Massachusetts $0.90 $79,721 $71,430 $418,600
Michigan $1.08 $52,987 $57,067 $169,600
Minnesota $1.02 $61,540 $62,771 $246,700
Mississippi $1.16 $41,745 $48,257 $128,200
Missouri $1.11 $51,177 $56,960 $168,000
Montana $1.07 $53,329 $56,795 $253,600
Nebraska $1.11 $57,942 $64,026 $172,700
Nevada $1.03 $53,635 $55,030 $317,800
New Hampshire $0.94 $66,418 $62,101 $281,400
New Jersey $0.84 $75,245 $63,206 $348,800
New Mexico $1.09 $45,803 $49,879 $180,900
New York $0.84 $75,548 $63,234 $338,700
North Carolina $1.08 $50,086 $54,243 $193,200
North Dakota $1.11 $59,388 $65,743 $205,400
Ohio $1.12 $53,296 $59,478 $157,200
Oklahoma $1.13 $49,249 $55,553 $147,000
Oregon $0.98 $56,765 $55,516 $354,600
Pennsylvania $1.03 $62,198 $64,064 $192,600
Rhode Island $0.99 $60,837 $60,046 $283,000
South Carolina $1.09 $47,502 $51,540 $179,800
South Dakota $1.12 $57,273 $64,260 $185,000
Tennessee $1.10 $50,547 $55,753 $191,900
Texas $1.04 $54,841 $56,760 $200,400
Utah $1.04 $52,251 $54,080 $330,300
Vermont $0.97 $58,650 $56,832 $233,200
Virginia $0.99 $62,362 $61,551 $288,800
Washington $0.92 $68,322 $62,583 $387,600
West Virginia $1.13 $45,109 $50,928 $124,600
Wisconsin $1.08 $55,487 $59,981 $197,200
Wyoming $1.07 $63,263 $67,818 $235,200

Source: 24/7 Wall St.

- Advertisement -

TRENDING NOW

Dems Ramp Up Lockdown Talk Anew, Despite ‘Herd Immunity’ Benchmark

(Headline USA) The U.S. on Monday finally reached President Joe Biden’s goal of getting at least one COVID-19 shot into 70% of American adults---a...

Illinois Gov. Prizker Signs Law Banning ICE Detainer Agreements

Illinois will effectively end immigrant detention and further restrict local law enforcement's ability to cooperate with federal immigration authorities under a plan Gov. J.B....

US Braces for Flood of Afghani Refugees as Biden Expands Eligibility

The Biden administration on Monday expanded its efforts to assist at-risk Afghan citizens fleeing Taliban violence as fighting intensifies ahead of the U.S. military...

Sen. Lindsey Graham Has COVID. Is Joe Manchin’s Houseboat Party to Blame?

(Headline USA) Just two weeks after Texas Democrats fleeing their legislative duties triggered a super-spreader event that led to cases of the deadly coronavirus...

Seattle-Area Christian Mission Asks Supreme Court to Let Them Hire Believers

Seattle's Union Gospel Mission, a Christian non-profit group that aids the homeless, appealed to the U.S. Supreme Court on Monday after the Washington Supreme...

Biden Admin Wants to Use Taxpayer Dollars to Provide Attorneys for Illegals

The Biden administration wants to spend millions of taxpayer dollars to pay federal lawyers to represent illegal immigrants seeking asylum in the U.S. According to...

‘Squad’ Says House Will Kill Infrastructure Bill if Demands Not Met

Rep. Alexandria Ocasio-Cortez, D-NY, said she and the other leftist “Squad” members of Congress would block the $1-trillion bipartisan infrastructure package if Senate Democrats...

12 Politicians Who Got Caught Violating Their Own COVID Rules

(Brad Polumbo, Foundation for Economic Education) Amid widespread panic and alarmism over the “Delta variant” of COVID-19, Mayor Muriel Bowser just reinstated an indoor mask-mandate...

‘Squad’ Urges Treasury Dept. to Revoke Tax Exemption of Pro-Israel Groups

The Marxist "Squad" sent a letter to Treasury Secretary Janet Yellen to request that her department review and revoke non-profit status from pro-Israel groups,...
- Advertisement -