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5 States Where $100 Stretches Furthest — And 5 Where It Spends Fast
 Written by         
                        Deborah Sabinus
        Written by         
                        Deborah Sabinus
                    
     Edited by         
            Amber Barkley
        Edited by         
            Amber Barkley
        
    
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How much exactly is a $100 bill worth to you? The value of this commonly-referenced amount when it comes to your finances largely depends on your lifestyle, income, responsibilities and location. So, where in the U.S. can this amount stretch far, and where is it spread thin?
To find the states where a $100 is worth the most — and the least — GOBankingRates compared factors like real value of $100, median household income and cost-of-living expenditures.
5 States Where $100 Stretches Furthest
These Southern and Midwestern states tend to have lower costs of living, which means that $100 goes a longer way.
Arkansas
- Real value of $100: $113.40
- Median household income: $56,335
- Typical home value: $195,185
- Annual cost of living expenditures: $32,759
Mississippi
- Real value of $100: $112.70
- Median household income: $52,985
- Typical home value: $169,211
- Annual cost of living expenditures: $32,529
Alabama
- Real value of $100: $112.20
- Median household income: $59,609
- Typical home value: $214,175
- Annual cost of living expenditures: $32,664
South Dakota
- Real value of $100: $112.20
- Median household income: $69,457
- Typical home value: $290,267
- Annual cost of living expenditures: $35,594
Iowa
- Real value of $100: $111.60
- Median household income: $70,571
- Typical home value: $209,990
- Annual cost of living expenditures: $34,242
5 States Where $100 Spends Fast
In states with the higher costs of living — common on the East and West Coasts — your $100 bill is going to disappear a little faster.
New Jersey
- Real value of $100: $91.20
- Median household income: $97,126
- Typical home value: $513,054
- Annual cost of living expenditures: $44,649
Massachusetts
- Real value of $100: $90.60
- Median household income: $96,505
- Typical home value: $604,362
- Annual cost of living expenditures: $59,797
Washington
- Real value of $100: $90.20
- Median household income: $90,325
- Typical home value: $575,888
- Annual cost of living expenditures: $45,863
Hawaii
- Real value of $100: $89.20
- Median household income: $94,814
- Typical home value: $948,964
- Annual cost of living expenditures: $76,828
California
- Real value of $100: $87.50
- Median household income: $91,905
- Typical home value: $769,579
- Annual cost of living expenditures: $57,195
Methodology: To determine how far $100 will go in every state, GOBankingRates compiled data from the U.S. Bureau of Economic Affairs 2022 Regional Price Parities release. GOBankingRates ranked the states where $100 is worth the most and least and provided supplemental factors such as median household income as sourced from the 2022 American Community Survey, annual cost-of-living expenditures as sourced from the Bureau of Labor Statistics: 2022 Consumer Expenditure Survey, and typical home value for a single family residence as sourced from Zillow. All data was collected on and up to date as of Feb. 19, 2024.
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