October 30, 2009, Newsletter Issue #164: Salary Comparison Calculator
Tip of the Week
If you are thinking of relocating to another city in your current state or in a different state and you want to see how much more or less you will need to make compared to your current salary in order to live comfortably, you may want to try a salary comparison calculator. You can do a simple search engine search for "salary comparison calculator" on the Internet to find this interesting information.
A salary comparison calculator will ask you to input your current salary in your current city and state and then input the city and state you are thinking of moving to. The calculator will then tell you how much more or less you need to live comfortably compared to the salary you were making. For example, if you are making $41,000 a year in Cedar Rapids, Iowa and are considering a move to Anderson, South Carolina, you will need to make $39,000 in Anderson to live similarly to how you live in Cedar Rapids. According to the salary comparison calculator you if you were making $41,000 a year in Cedar Rapids and are thinking of moving to San Diego, California, you will need to make $72,000 a year in San Diego to live comparably to how you did in Cedar Rapids.
A salary comparison calculator is a neat tool to try out if you are contemplating a move to another city. It can also help you negotiate a salary in a new city, simply state that you know you must make a specific amount of money in order to continue to live the lifestyle you had grown accustomed to in your old city.
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