Latest Post | Last 10 Posts | Archives
Previous Post: Pritzker criticizes DPI, plans to open regional offices to help down-ballot candidates
Next Post: Preckwinkle wants $17 million in damages from IRMA
Posted in:
* Illinois is surrounded by states where money simply goes further…
What's the real value of $100 where you live? Check out our new map to see: https://t.co/eHnRqBMyQr @aelsibaie pic.twitter.com/hs4bGtUD4f
— Tax Foundation (@taxfoundation) August 3, 2017
posted by Rich Miller
Thursday, Aug 3, 17 @ 2:14 pm
Sorry, comments are closed at this time.
Previous Post: Pritzker criticizes DPI, plans to open regional offices to help down-ballot candidates
Next Post: Preckwinkle wants $17 million in damages from IRMA
WordPress Mobile Edition available at alexking.org.
powered by WordPress.
It would be good to know why Illinois is different than its neighbors in this regard…
Is this the chicken or the egg?
Comment by Anony Thursday, Aug 3, 17 @ 2:20 pm
its an apples to oranges comparison. It needs to break out large cities like chicago, NY etc which have high cost of living v peroia, springfield, quad cities etc. Texas, CA, Illinois, NY and FL are comporables to each other population/large city wise. but interesting, its basically a cost of living chart
Comment by Ghost Thursday, Aug 3, 17 @ 2:21 pm
Eh, people don’t live in an entire state. They live in a part of a state, and most people spend their money close to home. So this map - https://files.taxfoundation.org/legacy/docs/%24100%20Map-metro.png - is a lot more relevant, and it shows that the dollar stretches pretty far everywhere except in the Chicago area. Where you get the benefit of living in the Chicago area.
Comment by Reality Check Thursday, Aug 3, 17 @ 2:21 pm
anony because our neighbors are very small population wise
they di not have major international cities like chicago
Comment by Ghost Thursday, Aug 3, 17 @ 2:22 pm
I don’t think the comparison is between IL and MO. As noted above I think the proper comparison is more so between Chicago v. NYC, LA, and DC. And between those areas this map appears to show better bang for your buck here in IL and Chicago.
Comment by Boone's is Back Thursday, Aug 3, 17 @ 2:24 pm
Would love to see county numbers if possible for Illinois.
Comment by Greatplainser Thursday, Aug 3, 17 @ 2:25 pm
@Greatplainser, that’s the county map linked in my comment at 2:21.
Comment by Reality Check Thursday, Aug 3, 17 @ 2:28 pm
Yes, it appears that the dollar goes further in areas that are more rural or less dense in population, which isn’t that surprising. You can buy a lot more house in, say, Charleston, Ill., than Naperville.
Comment by Fat Tony Thursday, Aug 3, 17 @ 2:30 pm
Thanks for the additional link, Reality Check.
Comment by thunderspirit Thursday, Aug 3, 17 @ 2:32 pm
Not surprisingly, Alabama, Arkansas and Mississippi rank 47th, 49th and 50th respectively in median household income rankings. Race to the bottom.
Comment by GOP Extremist Thursday, Aug 3, 17 @ 2:32 pm
=v peroia, springfield, quad cities etc=
Property taxes on a $150k house in Springfield IL are higher than a $250k house in O Fallon, 3rd largest city in MO.
Comment by Robert the 1st Thursday, Aug 3, 17 @ 2:34 pm
But Illinois has higher median household and individual incomes that some states. Therefore, Illinoisans may have more of those $100 bills to spend that people in some other states.
Comment by Joe M Thursday, Aug 3, 17 @ 2:36 pm
Let’s talk. According to city data
$100 in Chicago would be worth $137 in Streator, Il Have you ever been to Streator?
Comment by wondering Thursday, Aug 3, 17 @ 2:44 pm
To be fair; smokers, and now soda drinkers, just cross state lines anyway… stinks for the border C-stores that are going out of business, but that’s their (and their employees’) problem.
Comment by Robert the 1st Thursday, Aug 3, 17 @ 2:44 pm
Notice the gold is where people actually like to be.
Comment by Anonymous Thursday, Aug 3, 17 @ 2:50 pm
Meh. The maps shows larger population centers have higher costs of living. So what else is new.
Comment by Huh? Thursday, Aug 3, 17 @ 2:50 pm
You mean the Koch-funded and chaired Tax Foundation?
Oh, goody.
Also, if a hundred bucks goes really far in your state it’s most likely a dump.
Comment by Blue Bayou Thursday, Aug 3, 17 @ 2:50 pm
“Illinois is surrounded by states where money simply goes further…”
But, apparently there isn’t anything to buy in the pink states. Demand is where the gold is…
Comment by Anonymous Thursday, Aug 3, 17 @ 2:53 pm
And on a broader level, Illinois has the 5th largest gross domestic product per capita of the 50 states, so that should transfer into a lot of extra $100 bills for Illinoisans to spend. Unfortunately I’m guessing though that a lot of that GNP money doesn’t trickle down to the middle and lower classes to have to spend.
Comment by Joe M Thursday, Aug 3, 17 @ 2:54 pm
Observation based on very littlle Lincoln land has 2 things they dont; A realy big city Chicago and strong unions not found in most of those surrounding states.
Comment by NorthsideNoMore Thursday, Aug 3, 17 @ 2:57 pm
Comparing Illinois and its neighboring states, Illinois has the highest Gross Domestic Product and Median Family income. It’s the only state in this group that is above the USA average for those measures. Again, this mostly reflects the economic weight of Chicago.
GDP per capita (2016)
Illinois 54k
Iowa 50k
Wisconsin 47k
Indiana 45k
Missouri 43k
Iowa 50k
Kentucky 39k
USA 51k
Median Family Income (2015)
Illinois 60k
Wisconsin 56k
Iowa 55k
Indiana 50k
Missouri 50k
Kentucky 45k
USA 56k
(Rounded figures — from Wikipedia)
Comment by IllinoisBoi Thursday, Aug 3, 17 @ 2:59 pm
Roughly a population map. I know that population is also related to a state being red or blue, roughly, so maybe it means more than I think, but mostly it says living in urban areas is expensive. And thanks to Reality check for the more detailed map.
Comment by Perrid Thursday, Aug 3, 17 @ 3:00 pm
This would more accurately represent the difference between Chicagoland and our neighbors. I used to live in Springfield. It was the most affordable place I’ve ever lived.
Comment by Signal and Noise Thursday, Aug 3, 17 @ 3:01 pm
Indianapolis and Springfield have comparable costs. Chicago is 20-25% higher.
The State pays the same wages in Chicago and Springfield. I could usually hire better people in Springfield than Chicago for the same position and wage.
Comment by Last Bull Moose Thursday, Aug 3, 17 @ 3:07 pm
Ugh. This again. Does the tax foundation reside in one of these red states? If not, they need to relocate there asap. If not, I would love to hear their reasons why.
Comment by $100 Thursday, Aug 3, 17 @ 3:07 pm
This chart confirms, what, that the Tax Foundation folks are Masters of the Obvious? Waste of time and effort.
Comment by Goofy Thursday, Aug 3, 17 @ 3:10 pm
Does this map happen to coincide with states that are “right to work” vs. union?
Comment by Northsider Thursday, Aug 3, 17 @ 3:26 pm
And the higher crime and poverty rates….
Comment by Watson Thursday, Aug 3, 17 @ 4:03 pm
==Does the tax foundation reside in one of these red states? If not, they need to relocate there asap. If not, I would love to hear their reasons why.==
According to their website:
1325 G St NW
Suite 950
Washington, DC 20005
Comment by Anonymous Thursday, Aug 3, 17 @ 4:40 pm
==I think the proper comparison is more so between Chicago v. NYC, LA, and DC.==
I would nix NYC in any Chicago comparison. They are on a whole other level.
==Comparing Illinois and its neighboring states, Illinois has the highest Gross Domestic Product==
But comparing other states with similar GDP’s as Illinois:
FL 35th
IL 36th
OH 7th
PA 30th
What makes Ohio such an outlier?
Comment by City Zen Thursday, Aug 3, 17 @ 4:40 pm
Oops. Anonymous @ 4:40 was me.
Comment by TinyDancer(FKASue) Thursday, Aug 3, 17 @ 4:41 pm
And I will also note that everyone’s favorite state on this blog - Minnesota - ranks 7 spots better than IL despite a much higher progressive state income tax.
Comment by City Zen Thursday, Aug 3, 17 @ 4:41 pm
It would be a good idea to research The Tax Foundation. And does Illinois want to be more like Alabama, Kentucky or Mississippi?
Comment by Chris Chicagoan Thursday, Aug 3, 17 @ 4:46 pm
Makes you wonder why the Koch brothers, a couple of guys from Kansas spend so much of their money in Washington D.C..
I guess they just can’t buy everything that they want in Kansas.
Comment by Chicago 20 Thursday, Aug 3, 17 @ 4:51 pm
==And does Illinois want to be more like Alabama, Kentucky or Mississippi?==
According to this map, we’re already like Delaware and Rhode Island.
Comment by City Zen Thursday, Aug 3, 17 @ 11:13 pm