Texas stretches $100 further
A national-average $100 buys about $109.17 of local goods and services in Texas, compared with $88.30 in New York.
$100 goes further in Texas: about $109.17 in local buying power versus $88.30 in New York, a $20.87 gap.
Difference: $21 — Texas leads.
Economic and demographic factors behind the violent crime rate difference.
A national-average $100 buys about $109.17 of local goods and services in Texas, compared with $88.30 in New York.
BEA Regional Price Parity is lower in Texas (97.2) than in New York (114.8), which is why the same cash buys more there.
View detailed comparisonPurchasing power does not replace income. New York has a median household income of $78,609, versus $66,963 in Texas.
View detailed comparisonTexas's cost-of-living index is 94.3, compared with 132.7 in the other state.
View detailed comparisonWhat This Means
Texas has a purchasing power of $100 of $109.17, compared with $88.30 in New York, a gap of 23.6%. Real local value of $100 after adjusting for BEA Regional Price Parities.
People Also Ask
New York's purchasing power of $100 is $88.30.
Texas's purchasing power of $100 is $109.17.
$100 goes further in Texas: about $109.17 in local buying power versus $88.30 in New York, a $20.87 gap.
$21.
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Sources: Core demographic data comes from the 2020 U.S. Census, with land area from U.S. Census Bureau TIGER files. Income, housing, affordability, and tax fields are maintained in our comparison dataset; purchasing-power figures use BEA Regional Price Parities. Minimum wage data comes from the U.S. Department of Labor, gas prices from AAA, and electricity rates from the U.S. Energy Information Administration. Political control and election fields use 2024 presidential results together with National Conference of State Legislatures data. Gun-law labels use the Giffords scorecard, alcohol system data comes from NABCA, and marijuana status uses NCSL's state cannabis laws tracker.