It’s no secret that a $100 bill can be stretched much further in some states than others. Most people know you’ll get a lot more for your money in Mississippi than in Hawaii, but you might not realize just how much of a divide there can be between different states.
To determine how far $100 will go in every state, GOBankingRates compiled data from the U.S. Bureau of Economic Affairs and also analyzed supplemental factors such as median household income, typical home values and annual cost-of-living expenditures to provide deeper insights into why $100 is worth more in some states than others.
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This data is important because it can greatly impact your quality of life. You might be able to live comfortably in one state on a certain salary, but struggle to make ends meet with the same paycheck in another. For example, the median household income in Florida, Michigan and South Dakota is relatively similar. However, your dollar buys a lot more in Michigan than in Florida — and even more in South Dakota.
If you’re thinking about making a move, this information can help you choose a state that fits your budget. Financial health is a huge part of enjoying a happy, balanced lifestyle. Settling down in a state where you can realistically meet your financial goals sets you up for success. If you’re tired of living paycheck to paycheck, click through to learn which states allow you to get more for your dollar.
50. Hawaii
- Real value of $100: $80.70
- Median household income: $86,391
- Typical home value: $834,608
- Annual cost of living expenditures: $67,162
49. California
- Real value of $100: $83.60
- Median household income: $83,056
- Typical home value: $683,536
- Annual cost of living expenditures: $52,212
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48. New York
- Real value of $100: $83.70
- Median household income: $73,398
- Typical home value: $322,097
- Annual cost of living expenditures: $50,407
47. New Jersey
- Real value of $100: $84
- Median household income: $87,016
- Typical home value: $413,017
- Annual cost of living expenditures: $39,555
46. Massachusetts
- Real value of $100: $89.60
- Median household income: $87,328
- Typical home value: $522,769
- Annual cost of living expenditures: $45,750
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45. Washington
- Real value of $100: $91.60
- Median household income: $80,408
- Typical home value: $522,601
- Annual cost of living expenditures: $37,715
44. Maryland
- Real value of $100: $92.30
- Median household income: $88,742
- Typical home value: $371,330
- Annual cost of living expenditures: $41,034
43. New Hampshire
- Real value of $100: $93.50
- Median household income: $80,972
- Typical home value: $376,603
- Annual cost of living expenditures: $35,667
42. Alaska
- Real value of $100: $94.90
- Median household income: $80,197
- Typical home value: $318,319
- Annual cost of living expenditures: $43,582
41. Connecticut
- Real value of $100: $95
- Median household income: $79,719
- Typical home value: $329,721
- Annual cost of living expenditures: $39,575
40. Vermont
- Real value of $100: $96.90
- Median household income: $67,428
- Typical home value: $305,486
- Annual cost of living expenditures: $38,794
39. Oregon
- Real value of $100: $97.80
- Median household income: $67,927
- Typical home value: $451,234
- Annual cost of living expenditures: $43,915
38. Colorado
- Real value of $100: $98.10
- Median household income: $77,673
- Typical home value: $494,242
- Annual cost of living expenditures: $34,785
37. Virginia
- Real value of $100: $98.70
- Median household income: $79,217
- Typical home value: $332,519
- Annual cost of living expenditures: $32,154
36. Rhode Island
- Real value of $100: $98.70
- Median household income: $75,682
- Typical home value: $374,405
- Annual cost of living expenditures: $37,586
35. Florida
- Real value of $100: $99
- Median household income: $61,736
- Typical home value: $311,356
- Annual cost of living expenditures: $33,481
34. Delaware
- Real value of $100: $100.60
- Median household income: $70,911
- Typical home value: $302,936
- Annual cost of living expenditures: $34,463
33. Maine
- Real value of $100: $100.70
- Median household income: $58,782
- Typical home value: $299,617
- Annual cost of living expenditures: $37,586
32. Minnesota
- Real value of $100: $102
- Median household income: $75,523
- Typical home value: $299,688
- Annual cost of living expenditures: $31,595
31. Illinois
- Real value of $100: $102.60
- Median household income: $71,240
- Typical home value: $232,999
- Annual cost of living expenditures: $29,465
30. Nevada
- Real value of $100: $102.60
- Median household income: $64,574
- Typical home value: $379,102
- Annual cost of living expenditures: $35,468
29. Pennsylvania
- Real value of $100: $103
- Median household income: $64,910
- Typical home value: $233,926
- Annual cost of living expenditures: $32,789
28. Texas
- Real value of $100: $103.50
- Median household income: $66,031
- Typical home value: $247,280
- Annual cost of living expenditures: $29,932
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27. Utah
- Real value of $100: $103.50
- Median household income: $77,827
- Typical home value: $466,154
- Annual cost of living expenditures: $32,966
26. Arizona
- Real value of $100: $103.70
- Median household income: $64,777
- Typical home value: $358,832
- Annual cost of living expenditures: $35,273
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25. Montana
- Real value of $100: $106.50
- Median household income: $57,211
- Typical home value: $356,826
- Annual cost of living expenditures: $32,954
24. Georgia
- Real value of $100: $106.80
- Median household income: $62,844
- Typical home value: $247,559
- Annual cost of living expenditures: $28,529
23. Wyoming
- Real value of $100: $107.20
- Median household income: $66,432
- Typical home value: $278,510
- Annual cost of living expenditures: $29,472
22. Michigan
- Real value of $100: $107.70
- Median household income: $61,497
- Typical home value: $203,634
- Annual cost of living expenditures: $29,689
21. Idaho
- Real value of $100: $107.80
- Median household income: $62,774
- Typical home value: $405,597
- Annual cost of living expenditures: $31,945
20. Wisconsin
- Real value of $100: $108.10
- Median household income: $64,868
- Typical home value: $232,111
- Annual cost of living expenditures: $31,593
19. North Carolina
- Real value of $100: $108.30
- Median household income: $59,580
- Typical home value: $251,328
- Annual cost of living expenditures: $31,510
18. South Carolina
- Real value of $100: $108.50
- Median household income: $56,973
- Typical home value: $231,262
- Annual cost of living expenditures: $30,320
17. New Mexico
- Real value of $100: $108.90
- Median household income: $52,059
- Typical home value: $245,025
- Annual cost of living expenditures: $29,673
16. Tennessee
- Real value of $100: $110.30
- Median household income: $56,951
- Typical home value: $232,118
- Annual cost of living expenditures: $28,727
15. Nebraska
- Real value of $100: $110.50
- Median household income: $64,591
- Typical home value: $207,994
- Annual cost of living expenditures: $30,539
14. North Dakota
- Real value of $100: $110.70
- Median household income: $61,987
- Typical home value: $254,860
- Annual cost of living expenditures: $32,843
13. Kansas
- Real value of $100: $110.80
- Median household income: $63,321
- Typical home value: $180,380
- Annual cost of living expenditures: $28,776
12. Iowa
- Real value of $100: $111
- Median household income: $62,209
- Typical home value: $169,253
- Annual cost of living expenditures: $29,232
11. Indiana
- Real value of $100: $111.30
- Median household income: $60,813
- Typical home value: $186,615
- Annual cost of living expenditures: $29,410
10. Missouri
- Real value of $100: $111.30
- Median household income: $58,838
- Typical home value: $196,530
- Annual cost of living expenditures: $29,668
9. Ohio
- Real value of $100: $111.60
- Median household income: $60,338
- Typical home value: $182,554
- Annual cost of living expenditures: $29,526
8. Louisiana
- Real value of $100: $112.10
- Median household income: $51,730
- Typical home value: $190,262
- Annual cost of living expenditures: $30,108
7. South Dakota
- Real value of $100: $112.20
- Median household income: $60,643
- Typical home value: $248,324
- Annual cost of living expenditures: $31,888
6. Kentucky
- Real value of $100: $112.60
- Median household income: $54,191
- Typical home value: $170,159
- Annual cost of living expenditures: $29,189
5. Oklahoma
- Real value of $100: $112.80
- Median household income: $54,536
- Typical home value: $152,269
- Annual cost of living expenditures: $28,599
4. West Virginia
- Real value of $100: $112.90
- Median household income: $49,400
- Typical home value: $117,641
- Annual cost of living expenditures: $28,145
3. Alabama
- Real value of $100: $114.20
- Median household income: $53,956
- Typical home value: $169,990
- Annual cost of living expenditures: $28,057
2. Arkansas
- Real value of $100: $115.30
- Median household income: $51,183
- Typical home value: $150,606
- Annual cost of living expenditures: $28,517
1. Mississippi
- Real value of $100: $115.60
- Median household income: $47,247
- Typical home value: $142,431
- Annual cost of living expenditures: $27,158
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Jami Farkas and Grace Lin contributed to the reporting for this article.
Methodology: To determine how far $100 will go in every state, GOBankingRates compiled data from the U.S. Bureau of Economic Affairs 2019 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 2020 American Community Survey, annual cost-of-living expenditures as sourced from the Bureau of Labor Statistics: 2020 Consumer Expenditure, and typical home value for a single-family residence as sourced from Zillow. All data was collected on and up to date as of Nov. 30, 2021.