MEMPHIS, Tenn. - If you want the most bang for your buck, the Mid-South is a great place to live, according to a recent study.
The study by the Tax Foundation found people in Mississippi, Arkansas and Tennessee pay less than people do for the same products in most other states.
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The Tax Foundation used national data the U.S. Department of Commerce to determine the relative value of $100 in each individual state, which found that money buys more in some states than it does in others.
For example, $100 in Tennessee would buy a person $111.23 worth of goods in a state at the national average price level. In New York, $100 would buy only $86.73 worth of goods in a state at the national average price level.
Mississippi topped the list of all 50 states, meaning $100 will buy more in Mississippi than anywhere else in the U.S.
Arkansas came in third, with a value of $114.42.
Tennessee tied Oklahoma for 9th, with a value of $111.23.
Washington D.C. and Hawaii tied for 50th, as the most costly places in the U.S. New York, California and New Jersey followed close behind.
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