.. data and tools to examine the purchasing power of the incomes in different metros and states … this section reviews how you can access to data on what $100 buys by state and metro. Examine patterns of what $100 buys by year, 2008-2014, for all items and by type of goods & services category. Use the interactive table to view, rank, compare the Buying Power Index for each/all states and metros (MSAs). See the main Web page for more details.
What $100 Buys by Metro: 2014
The following graphic shows patterns of 2014 all items buying power of $100 by metro (MSAs). The color patterns/intervals are shown in the inset legend. Click graphic for larger view. Expand browser to full window for best quality view. Use GIS tools to develop thematic pattern maps for a range of data and criteria.
.. view developed using the CV XE GIS software.
.. click map for larger view and details.
Varying prices by region can be normalized using Regional Price Parities (RPP). The RPP is a weighted average of the price level of goods and services for the average consumer in one geographic region compared to all other regions in the U.S. See more about RPP measures. Using the RPP data, what $100 will buy can be determined by state and metro for the categories of all goods and services, goods, services-rents and other services. See about RPP goods and services types.
In the Boston metro, $100 buys about 90.7 percent of all items goods and services due to the high prices there. $100 in Boston seems more like $90.70 compared to the national average. In the Jefferson City, MO metro, the opposite is true. $100 buys all items goods and services due to lower prices in that metro. $100 in the Jefferson City, MO metro is the equivalent of $121.65 of all items goods and services compared to the national price levels.
• the Boston metro all items buying power index is 90.70
• the Jefferson City, MO metro all items buying power index is 121.65
Interactive Table – Top 10 Metros
The following graphic illustrates use of the Buying Power Index interactive table. This graphic shows the 10 metros that have the all items highest Buying Power Index. Use the interactive table to view/examine areas of interest.
– click graphic for larger view.
Join me in a Data Analytics Lab session to discuss more details about accessing and using wide-ranging demographic-economic data and data analytics. Learn more about using these data for areas and applications of interest.
About the Author
— Warren Glimpse is former senior Census Bureau statistician responsible for innovative data access and use operations. He is also the former associate director of the U.S. Office of Federal Statistical Policy and Standards for data access and use. He has more than 20 years of experience in the private sector developing data resources and tools for integration and analysis of geographic, demographic, economic and business data. Contact Warren. Join Warren on LinkedIn.