This is the true value of $100 in the state of Michigan

Now that I’m getting older, I can understand why my parents, grandparents, and other adults would mock me for the way I spent money. I had no idea of ​​the true value of a dollar, aside from what I could get for it at the corner candy store, let alone the value of anything worth more than $20. Today, I can look back and say that I had some of the worst spending habits a child can have, and I would be frustrated if I were an adult in my family.

Today, things are very different. I often find myself mocking my younger siblings or the players I coach for just throwing their money out the window without really understanding what it’s worth. I may know a little more than them about how to manage my income, but I’m still not that far from knowing everything I should know, including my purchasing power. Is anyone else wondering how our purchasing power is since the COVID-19 pandemic and inflation?

How much can you buy with $100 in the state of Michigan? That sounds like a trick question, right? Sure, you can buy $100 worth of goods at various stores, but does that mean your crisp blue $100 bill is even worth that much? Upworthy.com did the research to find out the true value of $100 in every state, and Michigan’s purchasing power and ranking might surprise you.

There are countless factors to consider when determining the true value of $100 in each state, including cost of living, taxes, income level, and more. In my opinion, Michigan should be somewhere in the better part of the country in terms of the value of money, but instead it barely cracked the top 50%. The true value of $100 in the Mitten state is $106.95.

So yes, it’s better than a good handful of states in America, but it’s still not what we’d like to see. The positive is that here in the state of Michigan, our money is worth a little more than the stated value, but only by about $7. That puts Michigan at number 22 on the list of 50 states, with Mississippi, Alabama, Arkansas, South Dakota, and Kentucky taking the top five spots, in that order.

Other notable states besides Michigan include Ohio, which came in 7th at $112.11, Indiana, which came in 16th at $110.25, and Illinois, which came in 36th at $100.30. From the map’s patterns, it’s clear that the middle of the country has the most purchasing power per $100, as the outskirts of the country are a bit more expensive. Unfortunately, Michigan is one of the outskirts of the country, but we still get a lot for our money here.