How much is $100 worth to you? If you’re 8 years old and get $10 from your grandma on your birthday, $100 dollars would probably seem like winning the lottery. On the other hand, if you have three kids, $100 is nice, but it won’t change your life. Everyone values money differently, and where you live also determines how far a dollar goes.
New York and California, two of the largest states in the nation, are places where $100 doesn’t go very far, and Hawaii is even worse. If you’ve ever vacationed in Manhattan or Maui, you may have experienced sticker shock. But if a city is considered desirable and people begin to move there, prices will invariably rise. As a result, people pay more rent and companies likely pay higher salaries.
On the other side of the spectrum is Missouri, where $100 is worth about 16 percent more than average. That makes it much easier to go shopping in Missouri than Hawaii, where $100 is worth about $84!
Would you rather live somewhere trendy and have less disposable income, or settle somewhere less glamorous and be able to buy a bigger home? To help you make your decision, look at 30 houses you can buy with $500,000 across the U.S. Beauty really is in the eye of the beholder.
Brought to you by DailyInfographic. Written by Tony.