Your dollar in Maryland

[Goldenhawk]

Yay, Maryland. Fifth from the bottom of the list, at a relative value of $0.91.

Here's the value of $1 in each state, according to new data

In the U.S., apparently not every dollar is equal.

www.foxbusiness.com

 

[David]

I think this is to be expected. Large cities are money pits. We have Baltimore and some of the burbs for DC, and a relatively small state from which to subsidize them. Additionally, prices tend to rise to meet the income of the population ("a dollar goes the furthest in America's "poorest states," such as Mississippi and Alabama"). Montgomery Co. used to be the highest income per capita county in the USA I think.

I imagine that the large number of shoreline miles also drives the cost of living up (more desirable, more expensive real estate).

 

[officeguy]

Brainless data-mining from '24/7 Wallstreet'. Highly skewed by the high housing cost in a few dominant cities and near meaningless for an individual who wants to look at data that applies to their situation. Plenty of cheap places to live in upstate NY, even in MD once you leave the dominant population centers, housing cost drops off rapidly. So great, $1 is worth $1.00 in Florida. Is that for a lakefront estate in Wyndermere or a doublewide in somewhere in the panhandle ? Maryland is 'expensive' because there is more 'Montgomery County' and 'Howard County' than 'Allegany County' to skew the data.