Cost of Living for Three Top-Tech Cities

by Marillyn Tefft, Senior Researcher 25. March 2014 12:43
High-tech jobs have become one of the strongest job growth areas, especially in locations with many technology companies such as Seattle, San Diego, and Salt Lake City. Frequently, a skilled candidate will have job offers in these cities. Human resource and mobility professionals are frequently asked to understand and assess cost-of-living differentials for both management and employees. The data below helps understand some key differences between renting and owning. [More]

Same Salary with Different Cost of Living

by Marillyn Tefft, Senior Researcher 2. January 2014 12:57
It is important for HR and mobility professionals to understand cost-of- living (COL) differential analysis when presenting data to employees and management. Although it is most common for the home price to be the biggest determinant of overall COL differentials, each budget expenditure component contributes. To illustrate differences, ERI Economic Research Institute details below the estimated COL to maintain the same management/professional standard of living at a salary of $100,000 at the U.S. National Average in San Diego, Philadelphia, Atlanta, Chicago, Phoenix and Houston. Not surprisingly, in Houston, the COL is below the U.S. National Average, while, in Atlanta, it is slightly higher. In San Diego, the COL is significantly above the U.S. National Average. The U.S. National Average is calculated quarterly from the over 7,000 locations covered by ERI's Relocation Assessor data bases.
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Cost-of-Living Comparisons: Relocating from Austin

by Marillyn Tefft, Senior Researcher 30. December 2013 13:52
In our latest cost-of-living comparison using data from ERI’s Relocation Assessor, we examine a professional relocating from Austin, TX to three other U.S. locations. The analyses are meant as one-to-one comparisons based on replicating a typical professional lifestyle with annual earnings of $125,000 in Austin. In addition to the total cost-of-living comparisons, we’ve provided differentials for each of the major expenditure pattern components: consumables, transportation, health services, housing, and taxes.
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Local Housing Data is a Must in Accurate Cost of Living Differentials

by Marillyn Tefft, Senior Researcher 30. December 2013 13:10
For most locations, housing is the largest and most variable expenditure component for calculating cost of living (COL). It is important for HR and mobility professionals to understand the differences and nuances in housing data. Many sources provide valuable aggregate housing data for Metropolitan Statistical Area (MSA) level housing prices; however, more granular data are often required for accurate COL analyses.
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Exploring Cost-of-Living Data to Analyze Short-Term Assignments

by Marillyn Tefft, Senior Researcher 1. October 2013 13:42
HR and Mobility professionals are facing an increasing demand to use cost-of-living data to analyze expenses for multiple types of assignments such as long-term, short-term, temporary and extended business travel. ERI Economic Research Institute Relocation Assessor data provides data which can be used to benchmark estimated costs for a variety of assignments. Below we detail the flexibility of data provided in a single report. [More]