Cost of living index shows the relative cost of living in different cities.
As we can see :-
Atlanta GA has the cost of living index = 95.6
Manhattan (New York) has cost of living index = 216.7
So, Relative cost of living in Manhattan to Atlanta GA = 216.7 / 95.6
So, Living in Manhattan is 216.7/95.6 times expensive than that of living in Atlanta.
So, If you are earning $90,000 in Atlanta then you need to earn (216.7/95.6) * $90,000 to live in Manhattan.
(216.7/95.6) * $90,000 = (216.7 * $90,000) / 95.6
= $19503000/95.6
= $2,04,006.2761
= $2,04,006
In order to have the same standard of living in Manhattan, you would need to earn $ 2,04,006
The Cost of Living in Selected U.S. Cities Cost-of-living index City number New York (Manhattan) 216.7...
The Cost of Living in Selected U.S. Cities Cost-of-living index City number New York (Manhattan) 216.7 San Francisco, CA 164.0 Washington, DC 140.1 Los Angeles, CA 136.4 Boston, MA 132.5 Philadelphia, PA 126,5 Seattle, WA 121.4 Chicago, IL 116.9 Richmond, VA 104.5 Phoenix, AZ 100,7 Detroit, MI 99.4 Atlanta, GA 95.6 932 Charlotto. Ne Dallas, TX 91.9 The table shown here gives a cost-of-living index for 14 different cities. Currently, you are living and working in Atlanta and earning $75000...
CPS 276 DOC02-- Assignment 02 Cost of Living Calculator Your client maintains job search website. As a service on their website, they need an application that compares costs of living between different metropolitan areas. Client will pay $780 for a complete application. Background Information: A person living in an area with a high cost of living will need higher income to maintain the same standard of living as someone living in an area with a low cost of living. For...