Acadiana Business

Louisiana cost of living compares favorably

by Walter Pierce

In the Pelican State, Benjamin Franklin buys you about $109 worth of stuff.

Louisiana is in the upper third among U.S. states in its consumer purchasing power.

According to Bureau of Economic Analysis figures crunched by the nonprofit research group Tax Foundation (see map below), $100 in Louisiana will purchase $109.41 in consumer goods and housing based on the national average. While that is a little less buying power than ellow Deep South states Mississippi ($115.74), Arkansas ($114.16) and Alabama ($113.51), it does compare favorably to about two thirds of the country.

As one would expect, $100 buys the least on the east and west coasts: In California $100 gets one $88.57 in purchases, and the northeastern U.S. is clustered with less buying power, topped by Washington, D.C. ($84.60), New York ($86.66), New Jersey ($87.64) and Maryland ($89.85).

Read more here.