Do expensive cities offer the oppurtunity to make more money?

Question

Similarly, do people working in rural communities make less but have a lower cost of living?

in the context of the United States only please.

Answer 1

Usually, yes.

But if you are working for a national employee, not so much.

Answer 2

Both of your questions have "yes" for the answer. The advantage of earning more in the big cities is offset by the cost of living, and earning less in rural communities means those dollars will go further at the grocery store. I would suggest something moderate; a smaller city with good wages. Take a place like Murfreesboro, TN... has so many conveniences, and the groceries are extremely reasonable.

Answer 3

It depends. You could move to the west coast, and make more money, but then you have to remember that the cost of living is higher on the west coast.

Erm - It would depend on the type of job you have, and the cost of living I would think, and how generous the company is with their compensation.

A VP on the west coast will certainly make more money than say, a manager, but depending on where you live, and where your financial needs are, you may not be able to make it in a larger city, if the compensation isn't equivocal in some way, to what you were making in the other city.

For instance, if you were making $20,000/yr in city a, but went over to city b, and the cost of living was higher, you might need to be making $40,000 to live.

Remember all the key factors that play a part in your compensation, and cost of living, and you should be alright.

Answer 4

Yes. I moved from VA to San Francisco. I make $20K more than I would at home but my rent is almost 3 times as much as it would be for the same space at home.

Answer 5

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Answer 6

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Answer 7

Lets hope you'll never know.