Enterprise Software

Got a great job offer in another city? Do your math

It sounds like common sense, but a lot of people don't crunch the numbers when they get an offer for a higher salary at a job in another city. Here are some tools to use.

It sounds like common sense, but a lot of people don't crunch the numbers when they get an offer for a higher salary at a job in another city. Here are some tools to use.

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John Sheesley writes in the Decision Central blog that before you make the decision to follow a higher salary to another city, you may want to get down to the nitty-gritty of the cost of living there:

"Let's say you're a network administrator in Louisville, Kentucky, making $50,000 a year and you're offered a job for $85,000 in San Francisco, California. Sounds like a pretty good deal, right? Not necessarily."

He recommends using BankRate.com's cost of living comparison calculator to figure just how much the cost of living will affect what appears to be a higher salary:

"In it, you enter the amount of money you're making in one city, and it returns the cost comparison to dozens of other cities across the United States. It will show you how much money you need to make in a new city to break even with what you're making where you are now."

Click here for more details on the calculator and how to use it.

About

Toni Bowers is Managing Editor of TechRepublic and is the award-winning blogger of the Career Management blog. She has edited newsletters, books, and web sites pertaining to software, IT career, and IT management issues.

3 comments
MavMin2
MavMin2

This happened to me but I had no choice. I entered a training program that required signing a mobility statement. At the end of training I was shipped from Columbia, SC to Dallas, TX. Everything doubled except my salary. I spent the next five years on the edge of bankruptcy. It could have been worse as they initially "threatened" me with Bronx, Brooklyn, Chicago, LA and Long Beach. Never again do I sign a blanket agreement like that and I do the math if offered a move. Even in stress factors I look at what a downgrade may actually mean versus the raise. I once left a job that was a killer for a downgrade and in the end realized that my downgrade only cost ne $70 a month take home. Shoot, that's less than the meds I would have needed if I had stayed in the other job. Less can be more in more ways than one!

jmgarvin
jmgarvin

Normally it costs the company more money to ship people around than it does to keep you in place.. You gotta explain your training program and job more...I just don't get it.

The 'G-Man.'
The 'G-Man.'

FORCES you to move location at the end of it?

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