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