Description of the U.S. Bureau of Economic Analysis recently released data on the differences in purchasing power (value of $100) across the U.S., including Sacramento.
The U.S. Bureau of Economic Analysis (BEA) annually releases data comparing the differences in purchasing power of $100 in metropolitan areas. The most recent data comparison utilizes 2018 data.
I am always interested to see where the Sacramento region ranks in comparison with other regions of California – and other regions of the country. As we all know, it is expensive to live in California. I somehow feel a little bit better when I see statistics that validate that things could be a lot worse.
SacramentoRevealed.com – All Things Sacramento (from a personal perspective)
There was no surprise that the BEA data showed large differences in the value of $100 across the country.
Top 15 Most Expensive Metropolitan Areas
Of the 15 most expensive metropolitan areas identified nine are in California. The San Francisco-Oakland-Hayward, CA region has the dubious honor of claiming the #1 spot. Real Value of $100:
San Francisco-Oakland-Hayward, CA – ($75.99)
San Jose-Sunnyvale-Santa Clara, CA – ($77.68)
Santa Cruz-Watsonville, CA – ($79.68)
Urban Honolulu, HI
New York-Newark-Jersey City, NY-NJ-PA
Santa Rosa, CA – ($81.63)
Napa, CA – ($81.97)
Vallejo-Fairfield, CA – ($83.68)
Los Angeles-Long Beach-Anaheim, CA – ($85.40)
Oxnard-Thousand Oaks-Ventura, CA – ($85.40)
San Diego-Carlsbad, CA – ($85.91)
15 Least Expensive Metropolitan Areas
The 15 least expensive metropolitan areas identified are smaller metropolitan areas. They can be found in:
- West Virginia (1)
- Illinois (1)
- Tennessee (2)
- Arkansas (2)
- Missouri (1)
- Alabama (3)
- Texas (2)
- Georgia (3)
The Tax Foundation has a great interactive map – with all this information – and much more.
Value of $100 in Sacramento
Lastly, what was the value of $100 (comparatively speaking) in the Sacramento-Roseville-Arden Arcade metropolitan area in 2018? The answer – $96.53! That makes me feel better – how about you?
See related blog post: Where Does Sacramento Rank?
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