Maps

How Big of a House Can You Get for $1M Around the United States?

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A million dollars is a million dollars, right? Well, it turns out that a million dollars can go a lot further in some U.S. cities than it can in others. This new 3D bar graph map visualization from RoofClaim.com reveals just how far (or not so far) your dollar can go when it comes to buying a house. The results are fascinating:

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In Detroit, Michigan, you can buy a 22,000-plus square foot mega-mansion for $1 million. That’s nearly half the size of a football field. And in Memphis, Tennessee, you can get a similarly-sized 17,847 sq ft home for the same amount of money. Although, the local market in Memphis seems to be turning around this year.

On the other end of the spectrum, the real estate market in San Francisco is a whole different story. With one million dollars you’d only be able to get about 909 square feet. In Detroit, a home of that size would only run you about $40,905. But, just because housing prices are low, doesn’t mean it’s a good buy. Be sure to do your own research.


So why is it that real estate markets in the same country can be priced so wildly different? Well, that’s a complicated answer. A lot of factors come into play when it comes to real estate value in a specific city. Some include housing availability, crime rate, the job market, waterfront or other favorable views, and more. In San Francisco, it’s emerging that housing prices are so high that even highly paid tech workers can’t afford to live there.

How does your local city or town stack up? Let us know in the comments!

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Charts

The 50 States Ranked by How Appealing They Are for Boating

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Boat lovers have a new way to pick their dream destination with this chart ranking states by how desirable they are for boaters. The SI Yachts team used a detailed scoring system to rank these states. The system considers some of the major factors important to boaters like average temperatures, number of sunny and cloudy days, amount of coastline, lakes, and rivers, hurricane risk, number of boats owned in the state, and the average cost of boater’s insurance. All these factors, averaged together, created the team’s ultimate list of boating states.

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Despite the hurricane risks, Louisiana still comes out on top as the best state for boating. Miles and miles of coastline and waterways, low swampy areas, and a fishing legacy make boating a way of life in the Bayou State. As for the bottom of the list, New York was not the Empire State for boating. Expensive boater’s insurance and few days of ideal weather meant that despite this state’s abundance of lakes, rivers, and coastline, it just wasn’t an ideal place to own a boat.

Every boater has different priorities to guide where they want to set sail, but this chart is a great way to consider where you’ll find a boater’s paradise. There’s a great diversity of regions in the top states on this list so East or West, North or South, you’ll find the perfect boating destination.

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Maps

New Map Shows Which Countries Are the Most Progressive in Regulating AI

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Sometimes charts and graphs are the most effective way to give us important information about current events, as is the case with this graphic from AIRPRM:

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The AI industry is growing and changing at a rapid rate. Many people are excited about the bountiful opportunities it can bring to society, but others are more cautious. Experts have stated concerns about AI eliminating jobs, harvesting copyrighted data, creating deep fakes, and being deployed for other nefarious purposes. On top of that, environmentalists raised concern about the carbon emissions caused by AI servers. As we can see from this chart, these concerns are taken seriously by world governments. Here we can see which countries have developed a national AI strategy, how much they’ve invested in AI initiatives, and what kind of legislation these countries have enacted.

The data shows us that the United States have developed the largest number of policies and strategies while The European Union leads the way in amount of money invested in AI strategy (as far as we can tell. AIPRM lacked the data to determine how much the US has spent on their efforts.) The European Union leads in another way too with the development of the AI Act, a piece of horizontal legislature determining nationwide rules regarding transparency, data usage, accountability, and human oversight. The AI Act will likely pave the way for legislation that other countries develop in the future. We love how informative this graphic is while also giving us a quick and colorful overview of the state of AI law across the world.

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Charts

The Best States for Small Businesses, Ranked

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According to the U.S. Chamber of Commerce, the United States is home to 33.2 million small businesses. Combined, these make up 99.9% of all U.S. businesses! Here is an even more surprising fact; small businesses were responsible for 63% of all new jobs created between 1995 to 2021. We might imagine that big companies are churning out the jobs, but in reality, America is built on small companies striving to succeed! So what does it take for a small business to thrive in the United States? Many factors play a role, but as with many money matters, location is key. The team at Finfare has created this incredible index to highlight the best and worst states to start a small business. Check it out:

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best-states-small-businesses-ranked

We love indexes like this! They combine multiple relevant data sets to create a bigger, more insightful picture. This index includes factors such as corporate tax rate, state unemployment tax, LLC fees, average monthly commercial electric bills, minimum wage, commercial spaces for lease, and business survival rates within one year AND five years. All together, these facets create a more trustworthy outlook on the best places for small businesses. If there is a specific factor you want to know more about, there are top five lists below the main chart. I was impressed and surprised that California has a one year business survival rate of 86.8%! I figured that there would be plenty of cutthroat competition there. It drops down to 55.7% after five years, but that is still the third highest!

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