WASHINGTON — Sky-high rent, high taxes and an overall high cost of living — D.C. residents already know living in the nation’s capital doesn’t come cheap.
But a new report puts those costs into an entirely different and, frankly, depressing perspective.
The above map from the Tax Foundation shows what $100 is really worth in every state and the District.
D.C. fared the worst in the entire nation, with $100 equating to $84.96.
Marylanders get a better chunk out of their Benjamins at $90.17 and Virginia ranked the best in the area at $97.09.
However, $100 will go furthest down South. Mississippi was the best state to get the most out of your money at $115.21.
“Regional price differences are strikingly large; real purchasing power is 36 percent greater in Mississippi than it is in the District of Columbia,” says the Tax Foundation. “In other words: by this measure, if you have $50,000 in after tax income in Mississippi, you would have to have after-tax earnings of $68,000 in the District of Columbia just to afford the same overall standard of living.”
States with largest relative value of $100:
South Dakota ($114.16)
West Virginia ($113.12)
States with smallest relative value of $100:
District of Columbia ($84.96)
New York ($86.73)
New Jersey ($87.34)
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