Examining Cost-of-Living Differentials at Different Earnings Levels

by Marillyn Tefft, Senior Researcher 13. August 2018 11:23
Relocation and HR Professionals using the Relocation Assessor frequently ask, "Why does the cost-of-living differential change when I increase or decrease the Annual Earnings? Shouldn’t it always be a fixed percentage?" To evaluate COL differential estimates, it is necessary to have an understanding of the underlying expenditures patterns. [More]

Cost-of-Living Differentials for Top Expat Locations

by Marillyn Tefft, Senior Researcher 11. June 2018 09:37
The recent HSBC Expat Explorer Survey provides a ranking on locations for expat job opportunities. The over 27,000 participants chose San Francisco, London, New York City, Dublin, and Birmingham, UK, as the top five cities. The ranking in the survey was based on work/life balance, cost-of-living, and salary. In order to consider the merits of each location, a Top Talent expat will need to fully examine the cost-of-living differentials between his or her Base (home) location and these Destination cities. On the hiring side, Human Resource professionals must be prepared to provide these highly-sought-after candidates with granular details on the cost-of-living as part of a competitive offer. As shown below, ERI's Relocation Assessor can provide comprehensive, defensible, and reliable estimates to meet this need. [More]

Metrics for Cost-of-Living Analysis

by Marillyn Tefft, Senior Researcher 5. May 2015 14:36
Cost of living is frequently a key decision metric for opening and relocating business units. It is common for management to ask relocation and HR professionals to compare the company’s locations to the US National Average cost of living as a benchmark in analysis. The Relocation Assessor databases contain data for over 6,000 US locations of all sizes, which are used to establish this important benchmark. Since many companies are located in larger cities, it is useful to consider other averages in benchmark comparisons. Housing costs (both rental and home ownership), a key component of cost-of-living differentials between locations, are significantly higher in large cities. Using the cloud-based Relocation Assessor, we develop two additional benchmarks below: a US Large City Average and a US Large City Average which excludes New York City (NYC) and San Francisco (SF). The following cities are included: Atlanta, Boston, Chicago, Dallas, Los Angeles, New York, Miami, Philadelphia, San Francisco, and Washington, DC. [More]

Renting and Owning in Cities and Their Metro Areas

by Marillyn Tefft, Senior Researcher 16. March 2015 18:02
The decision to rent or own in a new city is often a key concern to relocating employees. Heightened awareness continues to be stimulated by recent headlines of rental prices increasing and tight vacancy rates. Compensation, HR, and mobility professionals require accurate housing data to provide useful cost-of-living metrics to relocating employees and to contribute to analysis used by management in business decisions. The Relocation Assessor data sets provide in-depth comparisons needed for these multiple uses.
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Cost of Living Index

by Marillyn Tefft, Senior Researcher 20. January 2015 13:28
ERI’s Cost of Living Index ranks the price of goods and services in heavily populated US cities as a percentage of the national average. Data is provided by ERI's Relocation Assessor. [More]

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