As we all know, costs are not the same across the United States. People living in high-price states pay more for almost everything – from real estate to food. If you earn $50,000 in Mississippi, you would need to earn $68,000 to have the same standard of living in Washington, D.C. This is according to a Tax Foundation study, based on Bureau of Economic Analysis data.
What about New Jersey? According to the study, $100 only gets you $87.34 in New Jersey, while $100 is worth $111.98 in Ohio. The District of Columbia, Hawaii, and New York are all more expensive than New Jersey, with California following close behind. The cheapest states to live in are Mississippi, Arkansas, Alabama, South Dakota, and West Virginia.