By: Revanche

Just for kicks: salary and cost of living comparison

August 26, 2008

I ran the numbers on Salary.com to compare the cost of living expenses and the salary figures between where I’m living now and NYC. I can’t figure out how to black out the personal data to show you the graphic, so you’ll have to take my word for it.

The cost of living was calculated to be 81.1% higher in NYC, so I would have to make at least six figures to maintain my current standard of living. (Of course, all the calculator asked for was my current salary, so it assumes I’ve got a pretty decent life, without dependents, I guess.)

Their assessment of the typical salary, for the same type of job and same type of company, stated that NY employers pay about 6.1% more than my employers in my city. Again, the calculator is likely limited in scope and accuracy because it doesn’t address the industry, type of job, or anything in detail.

Still, it’s a sobering thought that I’d need a 50% raise to earn what passes for the same standard of living as I have here.

2 Responses to “Just for kicks: salary and cost of living comparison”

  1. I had no idea you’d need 50% more to survive. That sounds really scary. My sister lives in NYC on $38K a year working at the school. After taxes and savings, she brings home almost the same paycheck I’m bringing on $33K.

  2. Revanche says:

    sfordinarygirl: More accurately, it said I’d need 50% or more to maintain my current standard of living, but I’m pretty sure I need more than that when I consider how much it’d cost to help my parents out as much as I do now, but from afar.

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