Aug 25, 2016
All cost of living aint equal. Don't we know it! This week a listener runs into a familiar problem: It's a great job opportunity, but it's not located in my current city of residence. How do I adjust for the cost of living changes? Well, there isn't an exact science to this question, but we discuss how the use of three reliable cost of living calculators (CNNMoney, Salary.com, BankRate) can help our listener determine the best estimate for their estimated cost of living adjustment. Tune in to hear: is a 30% pay increase ever too much? Have a career or debt management question of your own? Contact Us! I currently live in a part of the country where the cost of living is pretty moderate. I'm talking with an employer in CA about a job out there. I know the hiring manager personally, and he/she is great. The job itself is also a great opportunity. The problem is, considering the 10% pay increase I'll be getting at my current job for 2017 and the increase in housing costs alone i'd see while moving from here to CA, I'd need a 25% increase in comp, just to break even. So I would probably want to ask for a 30% increase , with the intent of accepting at 25% if they push back. I think the reasoning above makes sense, but is it reasonable to request a 30% (or even 25%) increase at the new company? I don't want to start salary negotiations off on the wrong foot by going in there with a number that will turn off the employer. Announcements: We made a guest appearance on the award-winning Stacking Benjamin podcast. Be sure to give it a listen in iTunes or on their website, From Drowning to Debt Free. We’re happy to announce that we’ve been featured on iTunes and have been as high as #19 in the Business category! Be sure to check it out. You can also helps us reach an even larger audience by leaving us a five star review. Thank you all for the continued love and support!! Looking for more career development and debt freedom tips? Join our email list at PaychecksandBalances.com/email for exclusive content including show updates, digital giveaways, and more. We don’t spam. We just keeps it real. Yes, keeps. LIKE us on Facebook.com/PaychecksandBalances or follow us on Twitter @PayBalances! Have an anonymous question? Drop a question at ask.fm/PayBalances. Our only request: Please be respectful.