In Chattanooga, $100 buys $110 worth of goods and services, according to a recent study by the U.S. Bureau of Economic Analysis, and study analyses by The Tax Foundation. Chattanooga possesses the greatest purchasing power of Tennessee’s four largest metropolitan areas.You get more for your money in Chattanooga.
That’s the gist of results from a U.S. Bureau of Economic Analysis study that have been turned into a map by the non-partison, non-profit tax research group, The Tax Foundation.
BEA officials set out to track how much $100 buys in each of the country’s major metropolitan areas by making a “grocery list of sorts” of goods and necessities – including food and housing – and then comparing what you can get, and where, said Alan Cole, economist at The Tax Foundation.
In Chattanooga, $100 possesses the purchasing power of $110.38, according to the study.
In other words, $100 here goes 10 percent further than it does in “an average state.”