What State Gives You the Most Bang for Your Buck?

When you’re on a tight homeschool budget, you’re always looking for ways to stretch your money the farthest. If that’s you, perhaps a move to Mississippi is in your future.

Based on data from the Bureau of Economic Analysis, 24/7 Wall Street determined that folks in the Magnolia State get the most bang for their buck with a purchasing power of $1.16 for every dollar.

“A dollar goes the furthest in America’s poorest states,” wrote Michael B. Sauter for 24/7 Wall Street. “Goods and services are less expensive to accommodate the relatively low-income residents. These areas are primarily located in the South. Conversely, the most expensive states, where the dollar has the least purchasing power, are home to some of the nation’s largest and most affluent cities.”

States with Highest Value of a Dollar
1. Mississippi $1.16
2. Alabama $1.15
3. Arkansas $1.15
4. West Virginia $1.15
5. Kentucky $1.14
6. South Dakota $1.13
7. Oklahoma $1.12
8. Ohio $1.12
9. Iowa $1.10
10. Tennessee $1.10

States with Lowest Value of a Dollar
1. Hawaii $0.84
2. New York $0.87
3. California $0.87
4. New Jersey $0.88
5. Maryland $0.91
6. Connecticut $0.92
7. Massachusetts $0.93
8. New Hampshire $0.94
9. Washington $0.95
10. Alaska $0.95

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