0 Members and 1 Guest are viewing this topic.
Tennessee is a low-price state, where $100 will buy what would cost $110.25 in another state that is closer to the national average. You can think of this as meaning that Tennesseans are about ten percent richer than their nominal incomes suggest.
And I bet if they broke that down rural v. city you'd find ruralies have even more purchasing power.Living in a rural area can really suck in the boredom department sometimes, but it has it's perks.
Some of that works the other way. I've found the competition of others often makes it more price competitive in Houston, than an hour away from it. Gasoline, clothing always seem to fall this way for us.
I envy you. It doesn't seem to happen up here as much as it should. Probably the only major price advantage of the city is that they do often have the Costco's and the Sam's Club. But we have those within an hours drive so that's not a major inconvenience.
Sucks when a guy can make a lot more in NY but have to pay more taxes than someone living comparably but making less in Texas.
There is a double whammy applied to citizens of these high cost states as one must make more income yet be subject to a single federal tax bracket.Sucks when a guy can make a lot more in NY but have to pay more taxes than someone living comparably but making less in Texas.
I call that blessed, not sucks. From the ability to have as much in Texas, but feed less to the government beasts.