How We Determined This - And What It Means In general, the Midwest is a pretty cheap place to visit Mickey D’s. Mississippi is the cheapest with the trademark burger only coming to $3.91.
In the 12 states above, a Big Mac for $4.07 or less. Notoriously pricy Hawaii goes as high as $5.31. A Big Mac- not counting fries or a drink- costs over $4.65 in all of them. McDonald’s isn’t quite so cheap in the above states. Keep reading to see the priciest (and cheapest!) places to get your Big Mac- and how we determined this. If you make it a value meal it will set you back $5.99.īut how much you pay will vary dramatically based on where you live. While you can’t get a degree in Burgernomics, you can see the difference when looking at menu prices across the country. The Economist ranked the Swiss franc and the Norwegian krone as the world’s most overvalued currencies.The cost of a Big Mac has become more than just how much your favorite burger at McDonald’s costs and transcended to a whole economic theory. Market volatility stoked by fears of a Russian invasion of Ukraine sent the ruble to its lowest level in 14 months and forced the country’s Central Bank to halt its usual foreign currency purchases in a bid to stop the slide.Īmong the world’s other most undervalued currencies on the Big Mac index are also the Turkish lira, which is undervalued by 67.9%, the Indonesian rupiah and the Malaysian ringgit - undervalued by 59.3%, and by 58.9% respectively. Russia’s currency has seen a turbulent start to the year. The ruble has come out as “undervalued” against the dollar on the Index for the last decade. The difference between this and the actual exchange rate, 77.4, suggests the Russian ruble is 70% undervalued,” The Economist said Wednesday, referencing the ruble’s market value earlier in the week. “A Big Mac costs 135 rubles in Russia and $5.81 in the United States. After accounting for differences in living standards - measured by GDP per capita - the ruble comes out as the most undervalued of the 55 currencies tracked by The Economist, in a measurement dubbed “ Burgernomics.” The Big Mac Index compares the price of the famous McDonald’s burger across the world to calculate whether national currencies are undervalued or overvalued. dollar - 23 rubles per $1, rather than its current level of around 76.7 - British newspaper The Economist has calculated in its closely watched Big Mac Index. The Russian currency should be worth 70% more against the U.S.
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