$100 goes far in Mississippi . . . but San Francisco? Not so much

The Christian Science Monitor just published an article on the states where $100 is worth the most and least based on cost of living data from the U.S. Bureau of Economic Analysis.

 A hundred dollars is worth the most in

1.      Mississippi ($115.21)

2.      Arkansas ($114.20)

3.      South Dakota ($114.16)

4.      Alabama ($114.03)

5.      West Virginia ($113.12) 

 

It’s worth the least in  

1.      District of Columbia ($84.96)

2.      Hawaii ($86.06)

3.      New York ($86.73)

4.      New Jersey ($87.34)

5.      California ($89.05)

CBS’s recent ranking of the most expensive U.S. cities puts New York – along with Brooklyn and Queens -- Honolulu, San Francisco and San Jose at the top.

And the highest concentration of ultra wealthy – meaning a net worth of $30 million plus – is in San Francisco, according to the San Francisco Human Services Agency.

 

Source: San Francisco Human Services Agency

Not surprisingly, San Francisco’s Gini coefficient (a measure of income inequality) is high and rising.

Source: San Francisco Human Services Agency