Thanks to inflation, money doesn’t go as far as it used to. And according to some new data from the Bureau of Economic Analysis, it doesn’t go nearly as far in New York as it does in Chicago.
The Tax Foundation has broken down the data to show the purchasing power that $100 gets you in various metropolitan areas. And there are some major differences across America.
How does Chicago do?
The data shows that $100 in the Chicago-Naperville-Elgin area will get you $93.81 worth of goods, which is significantly higher than the New York-Newark-Jersey City area, where you’ll only get $81.83 of goods, which is second-worst in the U.S.
The worst? Honolulu, at $81.37. Yep, residents there pay a heavy price for the nice weather and virtual isolation from the rest of the world.
For a closer look at the data for each metropolitian area across the U.S., click on the map to see how that particular region compares: