Here’s The True Value Of $100 In The State Of Michigan

As I grow older, I can now understand why my parents, grandparents, and other adults would scoff at me for the way I chose to spend money. I had no idea the true value of a dollar beyond what it could get me at the candy store on the corner, let alone the value of anything more than $20. Now, I can look back and say I had some of the worst spending habits a kid could have and I would be frustrated if I was an adult in my family.

Today, things are much different as I often find myself scoffing at my younger siblings or the players that I coach as they just throw money down the drain with no real understanding of its value. I may have a little more understanding than they do on how to handle my income but I'm still behind the 8-ball on knowing everything I should, including how much buying power I have. Anybody else wondering what our buying power is like since the COVID-19 pandemic and inflation?

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How much can you buy with a $100 in the state of Michigan? That seems like a trick question, right? Obviously, you can buy $100 worth of goods from various establishments, but does that mean your crispy blue strip $100 bill is worth just that? Upworthy.com did the research to find out the true worth of $100 in every state and the spending power and ranking of Michigan may surprise you.

There are tons of factors that have to be taken into account when determining the true value of $100 in each state including the cost of living, taxes, income levels, and more. In my opinion Michigan should be somewhere in the better part of the country when it comes to the value of money, but instead they barely cracked the top 50%. The true value of $100 in the Mitten state is $106.95.

So yes, it is better than a good handful of states in America but it's still not what we would like to see. The positive part of this is that our money is worth a little more than it's posted value here in the state of Michigan but only by about $7. This places Michigan 22nd on the list of 50 states with Mississippi, Alabama, Arkansas, South Dakota, and Kentucky make up the top 5 in that order.

Other notable states to Michigan are Ohio who was 7th with $112.11, Indiana who was 16th with $110.25 and Illinois who was 36th with $100.30. From the patterns of the map, it seems as if the middle of the country has the most buying power with their $100 as the outsides of the country are a little more expensive. Sadly, Michigan is amongst the outer shell of the country, but we still have a decent bang for our buck here.