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…
You might also like:
- Does Your Salary Match Your True Hourly Wage?
- Think You Can’t Garden In The City To Save Money? Think Again.
- The 2009 Best Small Towns To Live In.
- A Dream Will Lead You Out of Debt.
- Bartering Is Coming Back Into Vogue.
Related Websites:
- The Two Income Trap By Elizabeth Warren and Amelia Warren Tyagi
- Back to Basics: Keep on top of your income streams
- 5 Questions to Ask Yourself Before Asking Your Boss for a Raise
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.