The New York Magazine has made an interesting analysis that says if New York had it's own currency, the NY dollar would lag even behind the Canadian Dollar. Some reasons:
* A hypothetical family of four living on $150,000 in New York would pay the nation’s highest combination of sales, auto, income, and property taxes.
* On average, the life-enhancing amenities like movie tickets and gym club memberships cost 85 percent more in NY than in Minneapolis.
* The cost of building a home one-third higher in New York City than in 21 other cities.
The Money Guide, Picture Credit: gapingvoid.com
Find this article at: http://labnol.blogspot.com/2006/10/us-dollar-is-worth-only-76-cents-in.html
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Reader Comments
I think the dollar is worth far less in New York than what the magazine mentioned. The dollar does not go far in the Big Apple and let me not get started on that :-)
kamla
Written on 31/10/06 3:28 AM
Staying there, I am sure you know it best :)
Written on 31/10/06 3:35 AM