A GoBankingRates analysis found that the purchasing power of $100 is highest in Mississippi, Arkansas, and Alabama. However, $100 won’t get you much in Hawaii or California. In fact, $100 is worth 26% less in California than in Arkansas. The analysis examined median household incomes, cost-of-living expenses, and home values from Zillow to see the impact of inflation by state. Purchasing power tends to dip as you head toward either coast. (DIGG)
Phone Topic: How do you stretch your money to get the most bang for your buck?