Broadly, the data showed that states with higher incomes wind up with higher-priced goods. That's in part because "the prices of finite resources like land get bid up."
Though, this isn't universally true. "Some states, like North Dakota, have high incomes without high prices. Adjusting incomes for price level can substantially change our perceptions of which states are truly poor or rich," the report detailed. "New Yorkers and North Dakotans earn approximately the same amount in dollars per capita, but after adjusting for regional price parity, North Dakotan incomes can buy more."
Other factors considered by the BEA and The Tax Foundation include state local minimum wages, income tax brackets, and public benefits.
The state where $100 goes the furthest was Mississippi. There $100 will get you $116.01 worth of goods at the national average price level. At the other end sits Hawaii, where $100 will get you just $84.18 worth of goods.