Question

Suppose the COLI in Fayetteville is 95 and in Seattle it's 150. If you got a job offer in Fayetteville for $40,000 per year, what salary should you expect for a job offer in Seattle to maintain the same standard of living as the Fayetteville offer?

Answer 1

For Cost of Living Index = 95, Salary = $40,000

For Cost of Living Index = 150, Salary = (40,000 X 150)/ 95

                                                        = 63157.89

So,

Answer is:

$63157.89