The Real Value of $100 in Every State

It’s no secret that a $100 bill can be stretched much further in some states than others. Most people know you’ll get a lot more for your money in Mississippi than Hawaii, but you might not realize just how much of a divide there can be between different states.

To determine how far $100 will go in every state, GOBankingRates compiled data from the Tax Foundation to rank the states where $100 is worth the most and least. The study also analyzed supplemental factors such as median household income and annual cost-of-living expenditures to provide deeper insights into why $100 is worth more in some states than others.

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This data is important because it can greatly impact your quality of life. You might be able to live comfortably in one state on a certain salary, but struggle to make ends meet with the same paycheck in another. For example, median household income in Florida, Michigan and South Dakota is relatively similar. However, your dollar buys a lot more in Michigan than Florida — and even more in South Dakota.

If you’re thinking about making a move, this information can help you choose a state that fits your budget. Financial health is a huge part of enjoying a happy, balanced lifestyle. Settling down in a state where you can realistically meet your financial goals sets you up for success. If you’re tired of living paycheck to paycheck, click through to learn which states allow you to get more for your dollar.

Last updated: Jan. 6, 2021

50. Hawaii

• Real value of $100: $84.39

• Median household income: $83,102

• Annual cost of living expenditures: $72,137

49. New York

• Real value of $100: $86.36

• Median household income: $72,108

• Annual cost of living expenditures: $54,867

48. California

• Real value of $100: $87.11

• Median household income: $80,440

• Annual cost of living expenditures: $49,839

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47. New Jersey

• Real value of $100: $88.57

• Median household income: $85,751

• Annual cost of living expenditures: $40,990

46. Maryland

• Real value of $100: $91.41

• Median household income: $86,738

• Annual cost of living expenditures: $42,926

45. Connecticut

• Real value of $100: $92.59

• Median household income: $78,833

• Annual cost of living expenditures: $40,368

44. Massachusetts

• Real value of $100: $92.68

• Median household income: $85,843

• Annual cost of living expenditures: $43,788

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43. Washington

• Real value of $100: $93.98

• Median household income: $78,687

• Annual cost of living expenditures: $37,192

42. New Hampshire

• Real value of $100: $94.52

• Median household income: $77,933

• Annual cost of living expenditures: $34,966

41. Alaska

• Real value of $100: $95.79

• Median household income: $75,463

• Annual cost of living expenditures: $44,403

40. Colorado

• Real value of $100: $96.90

• Median household income: $77,127

• Annual cost of living expenditures: $33,810

39. Vermont

• Real value of $100: $97.56

• Median household income: $63,001

• Annual cost of living expenditures: $39,534

38. Virginia

• Real value of $100: $97.94

• Median household income: $76,456

• Annual cost of living expenditures: $33,350

37. Delaware

• Real value of $100: $99.90

• Median household income: $70,176

• Annual cost of living expenditures: $33,779

36. Florida

• Real value of $100: $100.10

• Median household income: $59,227

• Annual cost of living expenditures: $32,541

35. Oregon

• Real value of $100: $100.50

• Median household income: $67,058

• Annual cost of living expenditures: $45,912

34. Rhode Island

• Real value of $100: $101.42

• Median household income: $71,169

• Annual cost of living expenditures: $38,359

33. Illinois

• Real value of $100: $101.52

• Median household income: $69,187

• Annual cost of living expenditures: $29,096

32. Maine

• Real value of $100: $101.63

• Median household income: $58,924

• Annual cost of living expenditures: $38,239

31. Pennsylvania

• Real value of $100: $102.15

• Median household income: $63,463

• Annual cost of living expenditures: $33,697

30. Nevada

• Real value of $100: $102.46

• Median household income: $63,276

• Annual cost of living expenditures: $36,017

29. Minnesota

• Real value of $100: $102.56

• Median household income: $74,593

• Annual cost of living expenditures: $32,146

28. Texas

• Real value of $100: $103.09

• Median household income: $64,034

• Annual cost of living expenditures: $29,397

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27. Utah

• Real value of $100: $103.09

• Median household income: $75,780

• Annual cost of living expenditures: $31,255

26. Arizona

• Real value of $100: $103.73

• Median household income: $62,055

• Annual cost of living expenditures: $32,808

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25. Wyoming

• Real value of $100: $105.04

• Median household income: $65,003

• Annual cost of living expenditures: $29,386

24. Montana

• Real value of $100: $105.71

• Median household income: $57,153

• Annual cost of living expenditures: $35,238

23. New Mexico

• Real value of $100: $107.18

• Median household income: $51,945

• Annual cost of living expenditures: $28,542

22. Idaho

• Real value of $100: $107.53

• Median household income: $60,999

• Annual cost of living expenditures: $30,203

21. Michigan

• Real value of $100: $107.53

• Median household income: $59,584

• Annual cost of living expenditures: $28,890

20. Georgia

• Real value of $100: $108.11

• Median household income: $61,980

• Annual cost of living expenditures: $28,320

19. Wisconsin

• Real value of $100: $108.23

• Median household income: $64,168

• Annual cost of living expenditures: $31,416

18. North Carolina

• Real value of $100: $109.53

• Median household income: $57,341

• Annual cost of living expenditures: $30,829

17. South Carolina

• Real value of $100: $110.62

• Median household income: $56,227

• Annual cost of living expenditures: $30,312

16. Tennessee

• Real value of $100: $110.62

• Median household income: $56,071

• Annual cost of living expenditures: $28,550

15. Louisana

• Real value of $100: $110.99

• Median household income: $51,073

• Annual cost of living expenditures: $30,073

14. North Dakota

• Real value of $100: $110.99

• Median household income: $64,577

• Annual cost of living expenditures: $31,956

13. Kansas

• Real value of $100: $111.11

• Median household income: $62,087

• Annual cost of living expenditures: $27,694

12. Indiana

• Real value of $100: $111.36

• Median household income: $57,603

• Annual cost of living expenditures: $28,478

11. Iowa

• Real value of $100: $111.36

• Median household income: $61,691

• Annual cost of living expenditures: $29,406

10. Nebraska

• Real value of $100: $111.61

• Median household income: $63,229

• Annual cost of living expenditures: $29,564

9. Missouri

• Real value of $100: $111.73

• Median household income: $57,409

• Annual cost of living expenditures: $28,152

8. Oklahoma

• Real value of $100: $112.36

• Median household income: $54,449

• Annual cost of living expenditures: $27,418

7. Ohio

• Real value of $100: $112.49

• Median household income: $58,642

• Annual cost of living expenditures: $29,400

6. South Dakota

• Real value of $100: $113.38

• Median household income: $59,533

• Annual cost of living expenditures: $33,195

5. Kentucky

• Real value of $100: $113.77

• Median household income: $52,295

• Annual cost of living expenditures: $29,031

4. West Virginia

• Real value of $100: $114.94

• Median household income: $48,850

• Annual cost of living expenditures: $28,188

3. Alabama

• Real value of $100: $115.34

• Median household income: $51,734

• Annual cost of living expenditures: $27,940

2. Arkansas

• Real value of $100: $115.61

• Median household income: $48,952

• Annual cost of living expenditures: $27,619

1. Mississippi

• Real value of $100: $116.69

• Median household income: $45,792

• Annual cost of living expenditures: $26,535

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Grace Lin contributed to the reporting for this article.

Methodology: To determine how far $100 will go in every state, GOBankingRates compiled data from the Tax Foundation, which sourced its information from the Bureau of Economic Analysis. GOBankingRates ranked the states where $100 is worth the most and least, and provided supplemental factors such as median household income, annual cost-of-living expenditures and median home list price in every state for context. All data was collected on and up-to-date as of Oct. 12, 2020.

This article originally appeared on GOBankingRates.com: The Real Value of $100 in Every State