In May, the U.S. Bureau of Economic Analysis released new data covering differences in purchasing power in different metropolitan and nonmetropolitan areas in 2016. In layman’s terms, the data compares how much $100 can buy in different regions of the country. This post focuses on comparing the purchasing power in different metropolitan areas around the country.
There are large differences in price level by region. In general, the regions where $100 buys the least are concentrated around large cities in the Northeast and California. Conversely, $100 stretches the most in the rural areas of the Midwest and the Southeast.