A study released last week shows the cost of goods and services in the Volunteer State goes farther than some other states in the U.S.
The study from the Tax Foundation, a Washington D.C.-based ‘think tank’ shows the value of $100 state-by-state. In Tennessee, that $100 is really $110.25, which is 16th in the nation.
The organization says the study is based on 2013′s tax numbers, and said the results were based on three other factors: value of land, transportation, and tax and business laws. In Tennessee, with the Mississippi River and Interstate 40 in the boundaries, the cost of goods will be less.
Where is $100 worth the least? The District of Columbia at $84.60. That same money goes the furthest in Mississippi at $115.74.