Comments on: Want A Raise? Consider A Move To One Of These Cities http://www.thewisdomjournal.com/Blog/want-a-raise-consider-a-move-to-one-of-these-cities/ Wise Choices. Improved Finances. A Better Life. Thu, 29 Jul 2010 22:31:27 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Anthony http://www.thewisdomjournal.com/Blog/want-a-raise-consider-a-move-to-one-of-these-cities/comment-page-1/#comment-7234 Anthony Thu, 02 Oct 2008 17:54:15 +0000 http://www.thewisdomjournal.com/Blog/?p=381#comment-7234 As a mortgage professional, I have had the unfortunate opportunity to tell people that they cannot afford to live where they want to. The challenge that sometimes arises in these cases is matching a salary with a cost of living. For example, if your income increases, but your cost of living increases by more you are in worse shape. Perhaps I am stating the obvious, but my point is that looking at the cost of living can be just as big (or greater) of a factor as the percentage of salary increases. As a mortgage professional, I have had the unfortunate opportunity to tell people that they cannot afford to live where they want to. The challenge that sometimes arises in these cases is matching a salary with a cost of living. For example, if your income increases, but your cost of living increases by more you are in worse shape.

Perhaps I am stating the obvious, but my point is that looking at the cost of living can be just as big (or greater) of a factor as the percentage of salary increases.

]]> By: Danielle http://www.thewisdomjournal.com/Blog/want-a-raise-consider-a-move-to-one-of-these-cities/comment-page-1/#comment-6773 Danielle Fri, 19 Sep 2008 17:56:11 +0000 http://www.thewisdomjournal.com/Blog/?p=381#comment-6773 Interesting list. I was born and raised in Merced, CA (moved away for grad school)...and I'm wondering where that wage growth occurred! Mary's comment about UCM attracting Deans, professors, and the like may be correct--but unless you're moving to Merced to be part of that UCM employee network, I would bet money you will not experience a portion of that 5.7% wage growth. Interesting list.

I was born and raised in Merced, CA (moved away for grad school)…and I’m wondering where that wage growth occurred! Mary’s comment about UCM attracting Deans, professors, and the like may be correct–but unless you’re moving to Merced to be part of that UCM employee network, I would bet money you will not experience a portion of that 5.7% wage growth.

]]> By: Mary@SimplyForties http://www.thewisdomjournal.com/Blog/want-a-raise-consider-a-move-to-one-of-these-cities/comment-page-1/#comment-6207 Mary@SimplyForties Thu, 11 Sep 2008 05:04:13 +0000 http://www.thewisdomjournal.com/Blog/?p=381#comment-6207 Ron, I really couldn't think of any other reason for Gulfport, MS to be on that list. Thanks for offering a much less cynical explanation! Ron, I really couldn’t think of any other reason for Gulfport, MS to be on that list. Thanks for offering a much less cynical explanation!

]]> By: Mary http://www.thewisdomjournal.com/Blog/want-a-raise-consider-a-move-to-one-of-these-cities/comment-page-1/#comment-6183 Mary Thu, 11 Sep 2008 00:11:22 +0000 http://www.thewisdomjournal.com/Blog/?p=381#comment-6183 I would bet money that the reason Merced is because of the, new, rapidly growing University of California campus. In an area that is (was) primarily agricultural and industrial, the school is attracting typically higher wage workers, like professors, deans and administrators. I imagine that some of the other cities have had similar situations, with new or rapidly growing industries. I would bet money that the reason Merced is because of the, new, rapidly growing University of California campus. In an area that is (was) primarily agricultural and industrial, the school is attracting typically higher wage workers, like professors, deans and administrators. I imagine that some of the other cities have had similar situations, with new or rapidly growing industries.

]]> By: Ron http://www.thewisdomjournal.com/Blog/want-a-raise-consider-a-move-to-one-of-these-cities/comment-page-1/#comment-6176 Ron Wed, 10 Sep 2008 23:01:53 +0000 http://www.thewisdomjournal.com/Blog/?p=381#comment-6176 <a href="#comment-6170" rel="nofollow">#</a>Mary@SimplyForties→ A much more likely scenario is that companies are having to pay a premium to get people to live there. I know my company has had tremendous difficulties getting people to move to the areas affected by Katrina. Housing costs have skyrocketed because of increase insurance costs and code restrictions on re-building. Up until just recently, we were competing with burger joints for people because they were offering $12/hour plus signing bonuses. Everything is affected by supply and demand. When supply is short, prices rise. When supply is plentiful, prices drop. When demand is low, prices drop. When demand is high, prices rise. #Mary@SimplyForties→
A much more likely scenario is that companies are having to pay a premium to get people to live there. I know my company has had tremendous difficulties getting people to move to the areas affected by Katrina. Housing costs have skyrocketed because of increase insurance costs and code restrictions on re-building. Up until just recently, we were competing with burger joints for people because they were offering $12/hour plus signing bonuses.

Everything is affected by supply and demand. When supply is short, prices rise. When supply is plentiful, prices drop. When demand is low, prices drop. When demand is high, prices rise.

]]> By: Mary@SimplyForties http://www.thewisdomjournal.com/Blog/want-a-raise-consider-a-move-to-one-of-these-cities/comment-page-1/#comment-6170 Mary@SimplyForties Wed, 10 Sep 2008 22:11:29 +0000 http://www.thewisdomjournal.com/Blog/?p=381#comment-6170 I wonder if New Orleans' and Gulfport's placement on this list are reflective of people who have moved to the area and are charging a premium (gouging) for post-Katrina cleanup and repairs. Just a thought! I wonder if New Orleans’ and Gulfport’s placement on this list are reflective of people who have moved to the area and are charging a premium (gouging) for post-Katrina cleanup and repairs. Just a thought!

]]>