Turns Out A Missouri Dollar Is Worth More Than You Think
I know that you know that a dollar isn't necessarily what it used to be. Heck, I don't even carry cash anymore. I can't remember the last time I got cash out of the ATM for me. I've done it for Husbando, but not myself. I just use my debit card everywhere. But, you know, there are people smarter than me out there.
Namely the folks at the Bureau of Economic Analysis. They just did a study to see just how far a dollar goes in each state in the country. Here's their explanation from https://247wallst.com:
A dollar goes the furthest in America’s poorest states. Goods and services are less expensive to accommodate the relatively low-income residents. These areas are primarily located in the South. Conversely, the most expensive states — where the dollar has the least purchasing power — are home to some of the nation’s largest and most affluent cities.
Probably not a big shocker on that, huh. So where does Missouri stand when it comes to the value of a dollar? I thought you'd never ask!
> Value of a dollar: $1.12 (9th highest)
> Personal income per capita: $46,635 (15th lowest)
> Income adjusted by cost of living: $46,893 (25th highest)
> Median home value: $156,700 (13th lowest)
So our dollar goes a little further than you might think. I guess it's better than Kansas and Illinois, who are $1.10 and $1.01, respectively.You can read the full list here.