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.
To learn more about the data behind this article and what Revelio Labs has to offer, visit https://www.reveliolabs.com/.
Sign up to receive our stories in your inbox.
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.