The Cost of Living in Selected U.S. Cities Cost-of-living index City number New York (Manhattan) 216.7...

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The Cost of Living in Selected U.S. Cities Cost-of-living index City number New York (Manhattan) 216.7 San Francisco, CA 164.

The table shown here gives a cost-of-living index for 14 different cities. Currently, you are living and working in Atlanta a

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Answer 1

Answer #1

To have the same standard of living we need to have,

Wages in city 1/cost of living index in city 1= Wages in city 2/cost of living index in city 2.

Given, Wages in Atlanta = $75000
Cost of living index in Atlanta = 95.6
Let the wages in Manhattan = x
Cost of living index in Manhattan = 216.7

This implies,

介 x 75000 95.6 216.7 75000 X216.7 сх. 95.6 170005.2301 Guz

To have the same standard of living in Manhattan, you need to earn $170005 (after rounding to the nearest dollar)

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Answer 2

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The Cost of Living in Selected U.S. Cities Cost-of-living index City number New York (Manhattan) 216.7...

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