Cost-of-Living Data: A Vital Relocation Factor
For employers seeking to attract urgently-needed talent to their own areas from other areas -- in any field or discipline ...at any salary level -- cost of living differences between those areas become a critical factor in making competitive salary offers.
Indeed, a recent study by one of the nation's largest coast-to-coast moving companies shows that 53 percent of job candidates who reject employer relocation offers do so because of the failure to reconcile cost-of-living differences with compensation levels.
The cost-of-living data presented in our "2001 U.S. Cost-of-Living Calculator" is designed to enable employers to compare cost-of-living differences accurately between 399 different areas -- and to make the adjustments required to negotiate mutually-acceptable compensation match-ups with qualified candidates. Likewise candidates can utilize the calculator to establish trade-offs for relocation in managing career growth.
The Critical Added Ingredient in Our Calculator Data
In sharp contrast to comparative cost-of-living data based exclusively on cost of goods and services -- food, clothing shelter, utilities, transportation, health care, miscellaneous items -- the data presented in our "2001 U.S. Cost-of-Living Calculator" incorporate a vital additional cost-of-living element: Taxes. According to the 2001 report by the Washington, DC-based Tax Foundation research organization, the average American spends 35.4 per cent of his or her total income on taxes -- more than he or she spends on food, clothing, and shelter combined!
TRY THE 2001 U.S. COST-OF-LIVING CALCULATOR
