I am working on a spreadsheet comparison of ranking by median salary and ranking by cost of living. Have to go to bed.
In general I am thinking that if a state ranks higher in cost of living than it does by median salary, then the median salary is not making up for the cost of living. This could even be occurring in some of the states among the higher ranked median salaries, their cost of living could be even higher. I’ll finish the comparison tomorrow.
Ping me on that, please.
“I am working on a spreadsheet comparison of ranking by median salary and ranking by cost of living.”
That would be great! I am extremely interested if you don’t mind pinging me.
But you guys are right... How much you get to keep of that gross after costs is even more important.
I have argued this for a long time now. “Good” folks do not want to move from Ca to Az because they will make $2 less an hour in their line of work. But the reality is, even though they make less an hour in Az the lower costs of living offsets that and they actually end up breaking even with Ca or even more extra at the end of every month after their costs. Depending where they land in Az of course.
I mean just the lower electricity rate, gasoline prices, and costs of homes alone make a HUGE difference, more than that $2 an hour...
That profit/loss math comparison is extremely important... That making more in Ca can be just an illusion...