SN Member McGruber points us a study by TriNet that provides (buzzword alert!) 'cloud-based human resources services.' The study concludes that Austin is the place to go.
From the article:
"Austin ranks Number 1 in the nation when it comes to offering the largest tech salaries that have been adjusted for cost of living expenses, such as housing, groceries, utilities and other necessities.
The seven major tech hubs, ranked by cost of living adjusted average salaries:
1. Austin: $105,000
2. Atlanta: $103,000
3. Denver-Boulder: $98,000
4. Boston: $79,000
5. Silicon Valley: $78,000
6. Los Angeles: $70,000
7. New York: $56,000"
(Score: 1) by Aighearach on Saturday March 08 2014, @02:49AM
You have that upside-down. Adjusting for cost-of-living means that if you have a higher spending lifestyle, the adjusted number accurately reflects your relative income. However, the portion of your money that you save or invest doesn't cost more (or less). The more of your income you save, the less accurate the adjustment is. A person who saves a higher percent of their income than average makes more in NY, because the NY jobs pay more in real dollars. A person who save a lot in Austin isn't getting as much advantage from the lower cost of "living" (local spending) they're just getting less real pay to save.
(Score: 2) by c0lo on Sunday March 09 2014, @06:59PM
(after being about to impulsively post a snarky remark...) what do you know, you may be right!
We are missing the info about how exactly the adjustment was inrepreted: if it is "how many additional costs of living you can afford from your disposable income" then you are absolutely right.
Thanks for pointing it out.