How Far Would Your Salary Go In Another City?
I have written several times about how our move to New Mexico is saving us quite a bit of money each month, but how could you see what your salary could do for you somewhere else without actually moving there first? Money Magazine has a Cost of Living calculator on their site that should help you do just that. You just have to enter your current salary, your current location and your future destination – and the calculator spits out how far your salary would go in your new place. However, not all places have great employment opportunities, so you should check out your dream town for what kind of work you can get. For example, where we live there isn’t a lot of work at all – but we are doing fine because I work on the internet and my wife is a teacher. Just something to keep in mind…
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Thanks, Dave. Now I’ve just wasted 15 minutes playing with that calculator.
Great tool though, and a good reality check.
My salary would do slightly better in Houston than Columbus because the living expenses in Columbus are a little higher than the ones in Houston
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Something is weird with it though, because moving between Saint Paul and Minneapolis MN should not have a difference at all.
Great site. My husband and I am planning a move in a few years. Looks like we will need more money in our new area. House prices are 55% more. Yikes.