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

Biden Admin Admits to Secretly Smuggling Immigrant Kids into NY, Other States

President Joe Biden's administration was forced to admit it has been smuggling illegal immigrant minors into New York by plane at night, following a...

Sheriffs Reject Lightfoot’s Call for Backup as Chicago Police Quit over Vax Mandate

Two Illinois sheriffs said they would not send their deputies to fill in Chicago’s staffing shortages as Democrat Mayor Lori Lightfoot tries to force...

Illegal Immigration Arrests Highest They’ve Been Since 1986

Under the Biden administration, US Border Patrol arrests reached the highest levels this past year since 1986, according to recently released data from US...

McAuliffe Has Mid-Interview Meltdown, Tells Reporter to Ask ‘Better Questions’

With his once dominant lead in rapid decline against a political newcomer, former Virginia Gov. Terry McAuliffe---also the state's current Democratic gubernatorial candidate---stormed out...

CRAPO: Dems Attempting Bait-and-Switch w/ ‘Revised’ IRS Spying Scheme

Sen. Mike Crapo, R-Idaho blasted a revised Democrat proposal that would allow the IRS to track bank accounts of virtually every American by establishing...

Dems Block Bill to Protect Vax Holdouts from Losing Social Security, Gov’t Benefits

Democrats in the Senate this week blocked a bill by Sen. Rick Scott, R-Fla., that would have prevented the government from mandating vaccines for...

Texas Gov. Abbott Splits w/ Conservatives over Property Tax Reform

(Bethany Blankley, The Center Square) After the third special legislative session ended, Texas Gov. Greg Abbott issued a statement praising the accomplishments of the...

Poll Gives Mixed Report on NY Gov. Hochul’s Early Favorability, Re-Election Prospects

(Steve Bittenbender, The Center Square) A new Siena College poll that came out Tuesday shows mostly good news for New York Gov. Kathy Hochul. However,...

NJ Launches Program to Give Tax Dollars to Illegals

(T.A. DeFeo, The Center Square) New Jersey taxpayers are on the hook for $40 million in one-time payments for undocumented people living in the...
- Advertisement -