Cost of living makes an enormous difference if you are moving from say a
Midwestern state to a northeastern state. if you don't understand the
difference in costs you could end up in a lot of financial trouble (and
curiously, new employers will allow that to happen in some cases).
Cost of Living Indexes New York, New York Houston, Texas
Overall 176.6K 87.2K
To maintain the same standard of living, your salary of $100,000 in Houston,
Texas should increase to $203,448 in New York, New York
* Stated another way, it's 103.4% more expensive to live in New York, New
York than Houston, Texas
http://www.bestplaces.net/col/?salary=100000&city1=3360&city2=5600
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> From: Larry Medina <[log in to unmask]>
> Reply-To: Records Management Program <[log in to unmask]>
> Date: Fri, 15 Dec 2006 10:48:33 -0800
> To: [log in to unmask]
> Subject: Re: Salary Survey
>
> On 12/15/06, Roach, Bill J. <[log in to unmask]> wrote:
>>
>>>> Certified Records Manager - Records Manager as position averages
>> $71,772<<
>>
>> Just curious. Has anyone ever calculated the cost of living into the
>> salary figures? It might be an interesting exercise. It might explain
>> the large variance in salary.
>>
>> I used Sperling's BestPlaces Cost of Living Calculator
>> http://www.bestplaces.net/col/?salary=75000&city1=5120&city2=8840 for
>> the following example. Using a $75,000 salary in Minneapolis, MN as the
>> base, below are the salary figures needed in other US cities:
>> - $93,421 in Washington, DC
>> - $59,211 in Boise, ID
>> - $116,447 in New York, NY
>> - $135,526 in San Francisco, CA
>> - $57,237 in Bismarck, ND
>> - $60,526 in Atlanta, GA
>> - $75,658 in Chicago, IL
>> - $57,237 in Houston, TX
>> - $78,947 in Seattle, WA
>> - $57,895 in St Louis, MO
>
>
> Interesting... I think this would obviously figure in if you're looking to
> relocate and you're in one of these positions.
>
> But as a side thought... do you think a CRM (or person with equivalent
> experience, etc) in SF earning $135K would say "heckyeah, I'll take $58K and
> move to St Louis and feel that I'm being adequately compensated!" Or
> similarly, an employer who sees someone with an existing salary of $59K in
> Boise requesting $98K in NY?
>
> When you think about the "dynamics" of a person's resume and when it comes
> to applying for the job following that type of a move, and a desire
> potentially to move back into an area like SF, NY, or DC... would it
> possibly impact the ability to negotiate for a the higher salary?
>
> When you get down to the nits-and-nats of negotiating on a position, it's
> not uncommon these days for a prospective employer to request you supply
> your last 3 paycheck stubs as a part of the application process before a
> final salary offer is made and negotiated for. I've heard this from a
> number of people recently... and sure, you can refuse, but no one has to
> make you an offer either.
>
> Just a thought on a balmy Friday morning.
>
>
> Lesse.... "balmy" in ND terms in December.... that's above 30 with a wind
> chill of less than 20 below?? =) says Larry recalling his days in Beulah.
>
> Larry
>
> --
> Larry Medina
> Danville, CA
> RIM Professional since 1972
>
> List archives at http://lists.ufl.edu/archives/recmgmt-l.html
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