Cost of Living Interactive Map
So, What's the deal with Colorado?
August 10th, 2010 2:23pm
Wow, it looks like all the "Blue States" have the big-earners -- the Red-Staters should press for higher taxes for those over $250K, it looks like it won't affect any of them.
I think Colorado is because that's where people in California go when they want to see snow.
How is Detroit above that value?
Unless you were living downtown...
August 10th, 2010 2:54pm
Because, depressed as it is, Car Manufacturing is still a HUGE manufacturing industry with well-paying jobs.
The chart is not displaying income - it's showing cost-of-living compared to other states/cities.
For example Salt Lake City (Utah) is at the national average (100%) for the cost of living, but San Francisco has a cost-of-living index of 162.1; meaning that you need an annual income of $405,250 to live with the same standard of living in San Francisco as you could in Salt Lake City with an income of $250,000.
It doesn't necessarily mean that the average income in San Francisco is 62% higher than in Salt Lake City.
True, but, Correlation is not Causation -- but sometimes it is.
Meaning, people with large incomes will find the cost of living where they make those large incomes higher than areas of low incomes.
Or, low incomes can only afford a certain level of cost of living.
Or, I've made an invalid assumption, which everyone will now jump on me for making.
I have heard from people living around here that one of the things they like is how low its cost of living is, but to me that just means not many people want to live here.