Adjusting offers for COL
Hi everyone,
I am comparing some job offers between markets. As we all know, it takes a few more bucks to party hard in NYC vs SF vs Dallas.
- What tool/calculator/approach do you find most useful for weighing out offers in different markets?
It occurs to me that the standard COL adjustments (perhaps largely rent driven) may get it a little wrong, especially as careers advance and more of one’s post-tax income goes to either savings/investments or indulgences (exotic travel, dining out, fancy clothes and sports cars don’t come at a 50% discount if you’re based in Texas vs NYC/LA).
Don't forget that in Dallas you have to keep up with all the thirty thousand dollar millionaires.
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