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Economy

These Small Cities Have Big Dollar Energy

Source: https://www.reveliolabs.com/news/macro/these-small-cities-have-big-dollar-energy/

Higher salaries in big cities do not always translate into higher standards of living because the cost of living varies greatly across cities. By tracking salaries by location, we’re able to see where employees can enjoy the highest standard of living.

The matrix below illustrates the average salary of job postings and cost of living in an MSA.

So what is the price tag of living in your city? We can use price indices across metropolitan areas and average salaries, to see the ‘premium’ you receive or ‘tax’ you pay on average by living in a city. Here are the cities with the biggest differences between average salaries and adjusted salaries:

Unsurprisingly, living in the Bay Area or DC has the highest price tag. Toledo, Little Rock and Huntsville are the top cities that offer a living standard premium.

Key Takeaways:

  • There are large variations in living standards across MSA’s. Smaller MSA’s in the midwest rank much higher in their average salaries when we take into account cost of living. On the other hand, for certain areas in California, living standards are lowered by cost of living even though average salaries are above median.
  • Bay Area, New York, and District of Columbia have the highest price tag of living in a metro area, unsurprisingly.
  • St. Louis, Kansas City, and Springfield lead the list of MSA’s where you receive the highest premium for living there.

To learn more about the data behind this article and what Revelio Labs has to offer, visit https://www.reveliolabs.com/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ETR Research

ETR is a primary technology market research firm, capturing real-time evaluations and spending intentions from thousands of enterprise-leading technologists.

For almost 10 years, Global 2000 corporations have trusted ETR’s proprietary technology research to capture real-time market activity. ETR produces market research through standardized surveys and round table discussions, not analyst opinions – our data driven approach quantifies the narrative driving the technology landscape. Marketing, Investor Relations, Corporate Strategy and Corporate Venture Capital teams no longer need to rely on anecdotal evidence to make business decisions. Vendors covered in our surveys gain mindshare among global IT leadership & gain key insights into navigating their competitive landscapes.