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$100 Has More Value in Florida

Posted on August 12, 2016

Florida is one of 35 states where $100 is worth more. According to the Tax Foundation, which used 2014 consumer price data from the Bureau of Economic Analysis, $100 is worth $100.91 in Florida, meaning we can buy $100.91 worth of goods or services in Florida with our $100.

The following 15 states are those where goods or services are more expensive than Florida.
You can buy less with $100 in these 15 states:

STATE REAL VALUE of $100
Florida $100.91
Hawaii $85.62
New York $86.43
New Jersey $87.34
California $88.97
Maryland $90.66
Connecticut $91.91
Massachusetts $93.37
Alaska $94.61
New Hampshire $95.06
Washington $96.34
Virginia $97.47
Colorado $98.04
Delaware $98.14
Vermont $98.81
Illinois $99.30

FLORIDA has the 27th lowest Cost of Living Index in the U.S. in the first quarter of 2016, based on calculations made by the Missouri Economic Research and Information Center (MERIC) using data from the
Council for Community & Economic Research (C2ER).

Its cost indexes for housing and health are lower than 100 and its cost index for miscellaneous items is just above 100.

Here are the states which have higher cost of living indexes than Florida:

STATE COST OF LIVING INDEX FLORIDA 99.1 Hawaii 192.8 Massachusetts 146.7 California 136.2 New York 135.4 Alaska 132.8 Connecticut 131.8 Oregon 130.6 Maryland 124.3 Vermont 124.1 Rhode Island 121.2 New Jersey 120.3 New Hampshire 117.4 Maine 111.3 Washington 108.6 Nevada 105.8 Colorado 104.5 Pennsylvania 103.2 Delaware 102.4 Montana 101.6 South Dakota 101.3 South Carolina 100.6 Virginia 99.9 Minnesota 99.3

FLORIDA has the 25th lowest housing cost index, based on the MERIC analysis.
These 25 states below have higher housing cost indexes than Florida:

STATE HOUSING COST INDEX
FLORIDA
Hawaii 312.2
Massachusetts 198.5
New York 194.1
California 192.3
Maryland 174.6
Oregon 170.1
Connecticut 157.0
Vermont 154.0
New Jersey 150.6
Alaska 140.0
Rhode Island 135.9
Colorado 121.3
Maine 120.3
South Dakota 116.8
New Hampshire 116.5
Montana 108.8
Washington 108.4
Virginia 106.6
Pennsylvania 103.8
Nevada 101.6
North Dakota 97.6
Arizona 96.9
New Mexico 94.5
West Virginia 93.9
Delaware 92.5

Here are the Most Expensive and Least Expensive States, based on the Cost of Living Index study by MERIC using first-quarter 2016 data from the Council for Community & Economic Research:

5 Most Expensive States to Live, based on COLI

1. Hawaii
2. Massachusetts
3. California
4. New York
5. Alaska

5 Least Expensive States to Live, based on COLI

1. Mississippi
2. Indiana
3. Oklahoma
4. Arkansas
5. Alabama

5 Most Expensive States to Buy a House, based on Housing Cost Index

1. Hawaii
2. Massachusetts
3. New York
4. California
5. Maryland

5 Least Expensive States to Buy a House, based on Housing Cost Index

1. Mississippi
2. Alabama
3. Georgia
4. Indiana
5. Missouri

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