Survey shows that 64% of Americans think this is an ideal time to buy a home

[GaryC 7]

I wonder, does my 70K job in Peoria give me the same standard of living as someone that lives in NYC and makes 200K?

I live very well on that.

Probably higher in Peoria. $200k doesn't go a long way in NYC.

From Salary.com:

The cost of living in New York, NY is 169.9% higher than in Peoria, IL. Therefore, you would have to earn a salary of $188,895 to maintain your current standard of living. Employers in New York, NY typically pay 19.2% more than employers in Peoria, IL. Therefore, if you take the same type of job in the same type of company in New York, NY you are likely to earn $83,461.

So in other words, I couldn't do what I do and live in NYC. (factory maintenance) And I am at the top of the payscale in my field. No wonder our manufacturing base is leaving.

[mawilson 2,133]

I wonder, does my 70K job in Peoria give me the same standard of living as someone that lives in NYC and makes 200K?

I live very well on that.

Probably higher in Peoria. $200k doesn't go a long way in NYC.

From Salary.com:

The cost of living in New York, NY is 169.9% higher than in Peoria, IL. Therefore, you would have to earn a salary of $188,895 to maintain your current standard of living. Employers in New York, NY typically pay 19.2% more than employers in Peoria, IL. Therefore, if you take the same type of job in the same type of company in New York, NY you are likely to earn $83,461.

Probably more than $188,895, Alex.

$200k+ puts you in a different tax bracket, which means your take-home pay will be less than 169.9% higher.

[w¡n9Nµ7 §£@¥€r 123]

Employers in New York, NY typically pay 19.2% more than employers in Peoria, IL. Therefore, if you take the same type of job in the same type of company in New York, NY you are likely to earn $83,461.

Except the job Gary does likely doesn't exist in NYC. Which employer in their right mind would do that in the City when they could do it in Peoria (or Tijuana) with much less overhead?

[Jenn! 918]

I keep hearing from people in my field that my job salary is largely unaffected by COL differences. I really think I'm gonna put some feelers out.

[w¡n9Nµ7 §£@¥€r 123]

I keep hearing from people in my field that my job salary is largely unaffected by COL differences. I really think I'm gonna put some feelers out.

Let us know how it goes. What do you do, if you don't mind me asking?

[Jenn! 918]

I keep hearing from people in my field that my job salary is largely unaffected by COL differences. I really think I'm gonna put some feelers out.

Let us know how it goes. What do you do, if you don't mind me asking?

I'm an actuarial analyst. Allegedly I could be earning approximately the same salary I am now in the midwest (or anywhere else for that matter, including places with an even higher COL than Boston), so I might as well put that to the test.

[w¡n9Nµ7 §£@¥€r 123]

I keep hearing from people in my field that my job salary is largely unaffected by COL differences. I really think I'm gonna put some feelers out.

Let us know how it goes. What do you do, if you don't mind me asking?

I'm an actuarial analyst. Allegedly I could be earning approximately the same salary I am now in the midwest (or anywhere else for that matter, including places with an even higher COL than Boston), so I might as well put that to the test.

I work for an insurance company and we've recently transferred many of our actuarial staff out of NJ at the same salaries. They are making a killing!

[Jenn! 918]

I keep hearing from people in my field that my job salary is largely unaffected by COL differences. I really think I'm gonna put some feelers out.

Let us know how it goes. What do you do, if you don't mind me asking?

I'm an actuarial analyst. Allegedly I could be earning approximately the same salary I am now in the midwest (or anywhere else for that matter, including places with an even higher COL than Boston), so I might as well put that to the test.

I work for an insurance company and we've recently transferred many of our actuarial staff out of NJ at the same salaries. They are making a killing!

Where did they go? How do you know they left for the same salary?

Edited February 8, 2008 by Jenn!

[mawilson 2,133]

I keep hearing from people in my field that my job salary is largely unaffected by COL differences. I really think I'm gonna put some feelers out.

Let us know how it goes. What do you do, if you don't mind me asking?

I'm an actuarial analyst. Allegedly I could be earning approximately the same salary I am now in the midwest (or anywhere else for that matter, including places with an even higher COL than Boston), so I might as well put that to the test.

Indeed. A friend of mine is an actuarial analyst who lives in the midwest....struggling on his six-figure salary, I'm sure.

[w¡n9Nµ7 §£@¥€r 123]

I keep hearing from people in my field that my job salary is largely unaffected by COL differences. I really think I'm gonna put some feelers out.

Let us know how it goes. What do you do, if you don't mind me asking?

I'm an actuarial analyst. Allegedly I could be earning approximately the same salary I am now in the midwest (or anywhere else for that matter, including places with an even higher COL than Boston), so I might as well put that to the test.

I work for an insurance company and we've recently transferred many of our actuarial staff out of NJ at the same salaries. They are making a killing!

Where did they go? How do you know they left for the same salary?

phoenix... and that is official relo policy

[Jenn! 918]

I work for an insurance company and we've recently transferred many of our actuarial staff out of NJ at the same salaries. They are making a killing!

Where did they go? How do you know they left for the same salary?

phoenix... and that is official relo policy

OIC. Well I'll let you all know how it goes.