Skip to main content

Costs of Living

What is a dollar worth?

If you answered that it's worth a dollar, you must be living in Illinois. A research report by U.S. Bureau of Economic Analysis found that the prices for a particular basket of goods and services—food, transportation, housing and education—are higher in some states than others. Illinois came in at almost exactly the average; a $100 bill will buy $100.70 worth of the items. People living in the District of Columbia, the nation's most expensive area, would have to pay, on average, $118.10 for the same basket of items.

Continue reading