Compare Cost of Living

[Glamgram]

I have to make a chart with 6 cities as possible reloation
sites .From 1-6 the median incomes are
50993,74773,51099,46359, 40439,59758.How do I chart this
to show what income is needed to maintain same cost of
living as if relocating to Salt Lake City and earning
75000.I am desperate. This must be done tomorrow and I
have tried everything. God Bless anyone who can help me.

 

[Nicky]

Hi,
Its not clear from your post what you are trying to do. Cost of livin
is not the same as median income. If Salt Lake City is 25% mor
expensive than City B (ie its cost of living is 125% of City B), the
you would need $60,000 in city B to maintain the same living standar
as $75,000 yields in Salt Lake City (= 1/1.25 x $75,000). But for thi
you need to know relative costs