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To put it another way, the purchasing power of a dollar compared to the U.S. average is $1.13 in Birmingham and $0.79 in San Jose. The net impact of accounting for differences in the purchasing power of a dollar in different MSAs is to narrow the gap in the standard of living between rich and poor cities. [6]
2023 rank Metropolitan area 2023 2022 2021 2018 2017 2016 2015 2014 2013 2012 Population (2020) [4] 1: New York-Newark-Jersey City, NY-NJ-PA (Metropolitan Statistical Area)
Rank Metropolitan area Country GDP (local currency) GDP (billion US$) Year 1: Istanbul metropolitan area Turkey ₺ 8,060.000 billion 340.400 2023 [13]: 2: Tel Aviv metropolitan area
Saginaw–Bay City–Midland, Michigan MSA 403,070 $20,320 111 Boise City, Idaho MSA 432,345 $20,280 112 Little Rock–North Little Rock, Arkansas MSA 724,294 $20,263 113 Elkhart–Goshen, Indiana MSA 182,791 $20,250 114 Jackson, Michigan MSA 158,422 $20,171 115 Salinas, California MSA 401,762 $20,165 116 Canton–Massillon, Ohio MSA 406,934
In general, a dollar has more purchasing power in the poorer states than it does in the richer states. The difference in housing costs from state to state is especially important. The Bureau of Economic Analysis has calculated that the regional price parity of U.S. states ranges from 84.4 in Mississippi (the cheapest state in which to live) to ...
^b Denver, Philadelphia, and San Francisco are consolidated city-counties. ^c The District of Columbia is a federal district, meaning it is not under any traditional city, county, or state government. ^d GDP divided by county population ^e List of the most populous counties in the United States
These are lists of regions and countries by their estimated real gross domestic product (GDP) per capita in terms of purchasing power parity (PPP), the value of all final goods and services produced within a country/region in a given year divided by population size.
This is a list of cities in the world by nominal gross domestic product (GDP). The United Nations uses three definitions for what constitutes a city, as not all cities may be classified using the same criteria. Cities may be defined as the cities proper, by the extent of their urban area, or their metropolitan regions. [4]