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Monday, February 28, 2011

Translate Your Salary When You Move

When you relocate from one place to another, most likely, your salary will change and so will your cost of living. If you are moving, you need to be prepared and know how much to ask for when you are hired. By using the Cost of Living Wizard Calculator, you can see what your salary should be in the new city based on the cost of living.

For example,  if you are currently earning $35K in Miami and want to move to New York, you will need to earn over $54K to have the same standard of living. However, employers in NY pay on average of 22% more than employers in Miami, therefore, you should expect an offer of close to $43K for the same position. Before you move, you should realize that, likely, there will be a gap in income and your standard of living will be lowered in this case.

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