- Real Estate
- Food & Drink
Aug. 17, 2018
All the talk about a lower cost of living in South Dakota might make some sense.
The U.S. Bureau of Economic Analysis released data that looked at real personal income per state for 2016, and the Tax Foundation used that information to determine the relative value of $100 in each state. In South Dakota, it’s $113.25 – the sixth-best state.
That means $100 in South Dakota will buy you goods that would cost $113.25 in a state at the national average price level.
“You could think of this as meaning that South Dakotans are, for the purposes of day-to-day living, 13 percent richer than their incomes suggest,” the Tax Foundation report said.
Mississippi was first at $115.74, and Alabama was second at $115. 47. To read more, click here.
Here’s a quick way to feel like you’ve added 13 percent to your pay.