Investopedia describes “purchasing power” as “the value of a currency expressed in terms of the number of goods or services that one unit of money can buy.”
And this county in Pennsylvania has the most purchasing power in the entire state.
SmartAsset — which is described by its about page as “committed to publishing the most accurate and actionable advice, personalized calculators and education tools to help people navigate life’s big personal finance decisions” — annually releases its “Cost of Living Calculator” that allows for people to compare and contrast just that across the United States.
The findings of this calculator are based upon metrics such as median income as well as subtracted income taxes for each area. The sources that were used for the purposes of this report included the Bureau of Labor Statistics 2022 Consumer Expenditure Survey, among others.
When it came the counties in the Keystone State with the most purchasing power, …