The purchasing power of the dollar in Washington is 92 cents based on the regional cost of items such as housing, groceries and services in 2019, according to new analysis by the 24/7 Wall St.
Goods and services in states with household incomes below the US average tend to be less expensive than in states with household incomes above the national median of $59,729, the study finds.
Each state’s dollar value was estimated by dividing 100 (the base dollar value) by regional price parity estimates, based on 2019 data from the Bureau of Economic Analysis, the most recent figures available.
Washington has a personal per capita income of $68,322 in 2020. This figure was compared to the state’s dollar value and price parity number to calculate the actual personal income of residents on average – $62,583.
The median home value in the state, $387,600, reflects the US Census Bureau’s 2019 U.S. Consumer Survey.
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The purchasing power of the dollar, state by state
| State | Dollar value | Personal income per capita | Cost-of-living adjusted income | Median home value |
| Alabama | $1.14 | $46,908 | $53,569 | $154,000 |
| Alaska | $0.95 | $64,780 | $61,476 | $281,200 |
| Arizona | $1.04 | $48,950 | $50,761 | $255,900 |
| Arkansas | $1.15 | $47,109 | $54,317 | $136,200 |
| California | $0.84 | $71,480 | $59,757 | $568,500 |
| Colorado | $0.98 | $58,500 | $53,315 | $373,300 |
| Connecticut | $0.95 | $79,771 | $75,782 | $280,700 |
| Delaware | $1.01 | $56,768 | $57,109 | $261,700 |
| Florida | $0.99 | $55,337 | $54,784 | $245,100 |
| Georgia | $1.07 | $51,165 | $54,644 | $202,500 |
| Hawaii | $0.81 | $60,729 | $49,008 | $669,200 |
| Idaho | $1.08 | $48,616 | $52,408 | $255,200 |
| Illinois | $1.03 | $62,977 | $64,614 | $209,100 |
| Indiana | $1.11 | $51,340 | $57,141 | $156,000 |
| Iowa | $1.11 | $55,218 | $61,292 | $158,900 |
| Kansas | $1.11 | $56,073 | $62,129 | $163,200 |
| Kentucky | $1.13 | $46,507 | $52,367 | $151,700 |
| Louisiana | $1.12 | $50,037 | $56,091 | $172,100 |
| Maine | $1.01 | $54,225 | $54,605 | $200,500 |
| Maryland | $0.92 | $68,258 | $63,002 | $332,500 |
| Massachusetts | $0.90 | $79,721 | $71,430 | $418,600 |
| Michigan | $1.08 | $52,987 | $57,067 | $169,600 |
| Minnesota | $1.02 | $61,540 | $62,771 | $246,700 |
| Mississippi | $1.16 | $41,745 | $48,257 | $128,200 |
| Missouri | $1.11 | $51,177 | $56,960 | $168,000 |
| Montana | $1.07 | $53,329 | $56,795 | $253,600 |
| Nebraska | $1.11 | $57,942 | $64,026 | $172,700 |
| Nevada | $1.03 | $53,635 | $55,030 | $317,800 |
| New Hampshire | $0.94 | $66,418 | $62,101 | $281,400 |
| New Jersey | $0.84 | $75,245 | $63,206 | $348,800 |
| New Mexico | $1.09 | $45,803 | $49,879 | $180,900 |
| New York | $0.84 | $75,548 | $63,234 | $338,700 |
| North Carolina | $1.08 | $50,086 | $54,243 | $193,200 |
| North Dakota | $1.11 | $59,388 | $65,743 | $205,400 |
| Ohio | $1.12 | $53,296 | $59,478 | $157,200 |
| Oklahoma | $1.13 | $49,249 | $55,553 | $147,000 |
| Oregon | $0.98 | $56,765 | $55,516 | $354,600 |
| Pennsylvania | $1.03 | $62,198 | $64,064 | $192,600 |
| Rhode Island | $0.99 | $60,837 | $60,046 | $283,000 |
| Caroline from the south | $1.09 | $47,502 | $51,540 | $179,800 |
| South Dakota | $1.12 | $57,273 | $64,260 | $185,000 |
| Tennessee | $1.10 | $50,547 | $55,753 | $191,900 |
| Texas | $1.04 | $54,841 | $56,760 | $200,400 |
| Utah | $1.04 | $52,251 | $54,080 | $330,300 |
| Vermont | $0.97 | $58,650 | $56,832 | $233,200 |
| Virginia | $0.99 | $62,362 | $61,551 | $288,800 |
| Washington | $0.92 | $68,322 | $62,583 | $387,600 |
| West Virginia | $1.13 | $45,109 | $50,928 | $124,600 |
| Wisconsin | $1.08 | $55,487 | $59,981 | $197,200 |
| Wyoming | $1.07 | $63,263 | $67,818 | $235,200 |
Source: 24/7 Wall St.
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