Find our best US Dollar exchange rate

If you're travelling to the US, how far your travel money goes really depends on where you go. With 50 US states to choose from, this can vary a lot. But typically, cities in the coastal states will be more expensive than cities in the mid-west or south. 

According to The Tax Foundation in the US, if you go to the coasts, e.g. New York or California, $100 has a relative buying power of $85.91 and £86.66 respectively.

So, you should expect to pay a premium for everything from restaurants, petrol, or even a cup of coffee. However, you'll find prices become much more reasonable in states such as Mississippi, Arkansas, and Alabama, where $100 will get you the best value at $116.28, $117.23, and $115.74 respectively, in practical terms. 

Florida ($99.40) and Rhode Island ($100.70 were the only states that came closest to having a real value of $100. 

When buying travel money, it's advisable to get more than you think you'll need, as it's better to have money left over after your trip, than to run out while you’re away.

Accommodation and food prices in the USA are generally similar to those in the UK, despite the big differences between expensive destinations such as New York and cheap ones like Mississippi. Wherever you’re headed, here are our top tips for cutting your costs. 

• Shop around for accommodation: Hostels and private Airbnb-style rentals can be more affordable than hotels, while choosing a flat or room with access to a kitchen will also allow you to save money by eating in

• Make the most of public transport: If you’re not hiring a car to get around, you’ll generally find public transport a lot cheaper than taking taxis to get around. In cities such as New York and Chicago, a CityPASS will get you discounts on entrance to popular attractions as well

• Check out free attractions: Lots of museums, botanical gardens, and historical sites offer free entry, as do several of the more than 60 National Parks across the USA

• Search for discount vouchers: Websites such as Groupon and Restaurant.com can save you money on meals, activities, and more during your stay in the USA. You can also find out about special offers available locally by following the social media accounts of the places you're visiting

• Spend smart: You’ll often get hit with high fees for making purchases and withdrawing cash in the USA with a UK card. So, save money by taking out a prepaid travel card or a credit or debit card that does not charge foreign transaction fees. When paying with a sterling card, you should also always pick US dollars when given the choice between paying in pounds or US dollars