Accurate Rental Data Critical for Cost-of-Living Analysis

by Marillyn Tefft, Senior Researcher 1. October 2014 13:44
Rising demand for rentals combined with falling vacancy rates in the larger US cities mean tight rental markets. HR and mobility professionals need to closely monitor rental prices for relocating employees since housing is a major component of cost-of-living differentials. The desire of many Millennials to live in more urban settings and retain locational flexibility (rent rather than become homeowners) makes accurate rental data even more critical to analyzing and providing competitive relocation packages. The importance of precise cost-of-living data is magnified to organizations in attracting top talent in competitive industries. [More]