$100 will get you more in SC than in many parts of country

Apparently, $100 will get you more in South Carolina than it will in many parts of the country.

An analysis published by the Tax Foundation, based on data from the Bureau of Economic Analysis, studied the value of $100 in states and metro areas across the country.

South Carolina’s buying power was found to be one of the highest in the nation, with the adjusted value of $100 set at $110.50.

The numbers represent the value of goods that $100 can buy in each state compared with the national average. When prices for certain goods are cheaper in some places than others, the result is that the same amount of cash will buy comparatively more in a low-price state than in a high-price state.

Generally, there is a correlation between states with higher income levels and higher price levels. But many places, such as the District of Columbia, have a wide range of incomes, making that place more expensive for lower-income families.

The study looked at states and metro areas.

In the Columbia metro area, the value of $100 was found to be $108.46.

Cash is most valuable in Mississippi, where $100 is worth $115.21. On the other end of the spectrum, $100 is worth the least in the District of Columbia, where $100 will only get you $84.96 worth of goods.

South Carolina’s neighbors, Georgia and North Carolina, both were found to have slightly poorer buying power than the Palmetto State. North Carolina’s $100 value rings in at $109.05; Georgia’s at $108.81.