How much is a buck worth in your state? A dollar is worth a dollar in only 4 states!

(FILE PHOTOS by public domain)

A dollar is only worth a literal $1 in four states: Rhode Island, Florida, Oregon, and Delaware. Everywhere else, a dollar is either worth more or less depending on circumstances.

This is why, though New York and California boast way more billionaires than their 48 counterparts, both left-wing states conversely boast some of the lowest dollar values in America.

Not good!

(24/7 Wall Street screenshot)

According to a recent study by 24/7 Wall Street, a Delaware-based company that produces financial news content for the mainstream media, America’s “poorest states” — based on income, that is — boast the highest purchasing power, while the richest boast the lowest.

“A dollar goes the furthest in America’s poorest states,” 24/7 Wall Street reported last week, citing data from the Bureau of Economic Analysis. “Goods and services are less expensive to accommodate the relatively low-income residents. ”

“These areas are primarily located in the South. Conversely, the most expensive states – where the dollar has the least purchasing power – are home to some of the nation’s largest and most affluent cities.”

As a result, in “rich” left-wing states such as Hawaii, New York, California and New Jersey, a single dollar bill is only worth $0.84, $0.87, $0.87 and $0.88, respectively.

Conversely, in “poor” Republican-dominated states such as Mississippi, Alabama, Arkansas and West Virginia — states that are often mocked by the left for being full of “toothless rubes” — a dollar is worth $1.16, $1.15, $1.15 and $1.14, respectively.

Quite the difference, aye?

Of course, some might try to rebut these findings by saying, “But the people in Mississippi, Alabama, Arkansas and West Virginia make way less money than those in New York and California!”

Not necessarily …

Take Alabama. Its’ personal income per capita is $42,334. Adjusted for the cost of living, personal income rises to $43,684. Over in California, personal income per capita is $62,586. Nice, right? Not exactly. When adjusted for cost of living, income drops to just $48,384. Personal income per capita in New York meanwhile hovers around $68,667. When adjusted for income, it plummets to $50,709.

These numbers aren’t that much better than those of states like Alabama. Also, keep in mind that the cost of living skyrockets the closer locals in California and New York get to the major metropolitans.

According to U.S. Census Bureau data, the median individual income in New York City is $50,825. Yet the median rent for just a tiny one bedroom apartment is a whopping  $3,070 per month. That’s $36,840 per year, or 72% of the average resident’s income. Ouch!

HERE’S WHAT YOU’RE MISSING …

For that much money, one could rent a $735/month one-bedroom apartment in Alabama’s capital, Montgomery, for over four years! How’s that for “poor?”

Data like this goes to highlight the disingenuousness of claims that Mississippi, Alabama, Arkansas and West Virginia are poor, downtrodden “shitholes” worthy of no man.

Such claims have been ascendant as of late because of these GOP-led states endeavors’ to curb or outright eliminate one of the left’s sacred cows: abortion.

Earlier this month, for instance, Alabama signed into law a bill that banned abortions at every stage of pregnancy, except for cases in which the mother’s life may be at risk.

In response, here’s how the left reacted:

It really all boils down to what you consider “poor” and “rich.”

What would you rather be — an allegedly “poor” person who pays a median of $80,700 for your comfortable home in Montgomery, Alabama, or an allegedly “rich” person who pays over $650,000 for your equivalently sized home in New York City?

Below is more info on the differences between the cities’ cost of living:

(BestPlaces.net screenshot)

Granted, over 40 percent of all U.S. billionaires live in California and York.

That’s nice and all, but unless YOU too are a billionaire, what difference does it make?

HERE’S WHAT YOU’RE MISSING …

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Vivek Saxena

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