- The Wisdom Journal - http://www.thewisdomjournal.com/Blog -
Want A Raise? Consider A Move To One Of These Cities
Posted By Ron On September 10, 2008 @ 9:49 AM In Careers,Life | Comments Disabled
Does where you live have an effect on your salary? According to CareerBuilder  it does. Their research into salary changes from 2007 show that while inflation was around 4.1 percent (according to the Bureau of Labor Statistics), the average raise was only 3.4 percent. My raise last year was 3.9 percent and since inflation is running in the 5 to 6 percent range this year, I’m personally hoping to get a little better one this year.
How about you? What kind of raise are you anticipating this year? What do you base that on? Do you have any control (through performance bonuses) over how much you make?
In case you’re interested, here are the US cities with the fasted wage growth from 2007 going into 2008:
And here are the slowest wage growth cities:
The big question is: Are you willing to move in order to get a larger raise? I’ve moved to accept positions with more responsibility and pay before, but like I said in , I put myself in the position of having to take those positions because of crushing consumer debt.
Not any more. The next move I make will be because I want to.