Special Report

The Value of a Dollar in Every State

Methodology: 

To determine the value of a dollar in every state, 24/7 Wall St. reviewed data on regional price parity in 2019 from the Bureau of Economic Analysis. We calculated the value of a dollar in each state by dividing 100 (which represents the base value of $1.00) by every state’s relative price parity figure. We also reviewed the BEA’s per capita personal income data for all states in 2020. To arrive at the effective personal income value for every state, we divided the 2020 per-capita personal income figure by the 2019 regional price parity value. Median home values came from the 2019 U.S. Census Bureau’s American Community Survey and are one-year estimates.