ZEROHEDGE
(via the WSJ):
Recently we showed data breaking down of not only the states that have the highest and lowest state tax rates, but also which states are considered the most and least expensive to live in, based on regional price parity data as calculated by the BEA. Of course, the problem with that approach as anyone who has lived in Manhattan compared to upstate New York will know, is that state level data is largely useless when there are extensive price differentials within any given state.
Which is why to drill down on state-level disparities, here is a full breakdown of regional price parities, again using BEA data, this time at the Metro State Level, which shows for example that it is over 30% more expensive to live in New York, NY (which is the second most expensive city in the US after Honolulu) with a regional price parity index of 122.2, than in Utica, NY, which is at 93.0.
http://www.zerohedge.com/news/2014-04-27/these-are-americas-...
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