Free Ebook.

Enter your email address:

Delivered by FeedBurner

« How to Make Money and Save Money | Main | Six Myths about the Big Three »

November 21, 2008


Feed You can follow this conversation by subscribing to the comment feed for this post.

It's funny because recently you read these articles about everyone getting laid off and then there are others that talk about how salaries have been on the rise. Any irony there? Or has something in the balancing of things gone completely wrong?

This is quite apparent to me as a pharmacist. My wife and I are both pharmacists in rural Oklahoma, if we were to move to Chicago (close to where my wife grew up), cost of living (especially housing) would shoot way up, but our salaries would only increase by about 5%.

Generally, the salaries match the area so it doesn't make much of a difference. But yes, you're right regarding some places and some jobs; the cost of living is very skewed and can make for a rough time.

The cost of living is a huge reason why my seemingly large salary doesn't go very far. I probably wouldn't take that much of a hit to move to an area that costs half as much, but there are reasons to stay. Family and friends, also Mr M has never lived anywhere but LA and I don't think he could take the culture shock!

This is one reason arbitrary definition of "rich" as those making above 250K for family is so wrong. 250K in Oklahoma means a lot. 250K in Manhattan - not that much.
Not to mention the higher state income taxes in places like NY or California or additional city tax in NYC.

The comments to this entry are closed.

Start a Blog


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.