The Christian Science Monitor just published an article on the states where $100 is worth the most and least based on cost of living data from the U.S. Bureau of Economic Analysis.
A hundred dollars is worth the most in
1. Mississippi ($115.21)
2. Arkansas ($114.20)
3. South Dakota ($114.16)
4. Alabama ($114.03)
5. West Virginia ($113.12)
It’s worth the least in
1. District of Columbia ($84.96)
2. Hawaii ($86.06)
3. New York ($86.73)
4. New Jersey ($87.34)
5. California ($89.05)
CBS’s recent ranking of the most expensive U.S. cities puts New York – along with Brooklyn and Queens — Honolulu, San Francisco and San Jose at the top.
And the highest concentration of ultra wealthy – meaning a net worth of $30 million plus – is in San Francisco, according to the San Francisco Human Services Agency.
Not surprisingly, San Francisco’s Gini coefficient (a measure of income inequality) is high and rising.