Mavric Posted March 4, 2018 Share Posted March 4, 2018 Quote The higher the price parity number for a given state, the more residents will pay for items such as housing, food, and transportation. The BEA calculates this by looking at the price of goods and services in the Consumer Price Index, as well as rents reported to the Census Bureau’s American Community Survey. A price parity figure of 118.8, like Hawaii’s, means that goods and services there cost almost 19% more than the national average. Prices in Mississippi, meanwhile, with a price parity of 86.2, are about 14% less than the national average. Quote Nebraska Median household income: $54,996 Regional price parity out of 100: 90.6 Real income: $60,702 Time Quote Link to comment
NM11046 Posted March 4, 2018 Share Posted March 4, 2018 I'm kinda shocked CA is in yellow ... 1 Quote Link to comment
RedDenver Posted March 5, 2018 Share Posted March 5, 2018 4 hours ago, NM11046 said: I'm kinda shocked CA is in yellow ... It'd be really interesting to see CA by county. Quote Link to comment
Toe Posted March 5, 2018 Share Posted March 5, 2018 Yeah, doing this at the state level is probably kinda meaningless - a lot of states have substantial differences in cost of living in different areas. Quote Link to comment
RedDenver Posted March 5, 2018 Share Posted March 5, 2018 10 hours ago, Toe said: Yeah, doing this at the state level is probably kinda meaningless - a lot of states have substantial differences in cost of living in different areas. It's an interesting exercise, and I think it's informative, but we have to be aware of the limitations especially in very economically diverse states. Maybe this gets the authors more research money to do a more detailed study? Quote Link to comment
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