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A dollar in Florida isn't just a dollar.
It's actually $1.09.
The value comes courtesy of a new study from the Tax Foundation, using Bureau of Economic Analysis data. The nonprofit foundation used the most recent BEA national household consumption data to determine how far a dollar goes in each state, plus Washington, D.C. The purchasing power also factors in average income.
Florida, at $1.09, was one of 35 states where the value of $1 exceeds $1. The top state is Mississippi, at $1.15, followed by Arkansas, Alabama and South Dakota, all at $1.14. On the flip side, there are places where $1 is worth less than a dollar. Those include: Washington, D.C., New York and California.
Top five
State Value of $1
Mississippi $1.15
Arkansas $1.14
Alabama $1.14
South Dakota $1.14
Kentucky $1.14
Bottom five
State Value of $1
Washington, D.C. $0.85
Hawaii $0.86
New York $0.86
New Jersey $0.87
California $0.89
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