How Far Does $100 Go In New Jersey?

How far does $100 go in New Jersey compared with the rest of the United States? One group has an answer for you and it’s not very far.

The Tax Foundation, which describes itself as “the nation’s leading independent tax policy research organization,” released a map showing just how far $100 goes in each state compared to the national average.

Using 2013 data from the Bureau of Economic Analysis, the foundation showed “the real value of $100 in each state.”

In other words, how much worth of goods can $100 buy in your state versus those same goods around the country?

In New Jersey, the “real value” of $100 is $87.34.

The states with the biggest value for your dollar? Those would be Mississippi ($115.21), Arkansas ($114.29), South Dakota ($114.16), Alabama ($114.03) and West Virginia ($113.12).

In addition to New Jersey, $100 is worth the least in the District of Columbia ($84.96), Hawaii ($86.06), New York ($86.73), and California ($89.05).

“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,” the foundation said in a report released Thursday.

Check out the full map here.

Image via the Tax Foundation