COL Adjusted Income Poll (Anon of course) - Mothering Forums

View Poll Results: What is your gross income, adjusted for COL based on the calculator?
$0 - no income 1 1.72%
less than $10,000 2 3.45%
$10,000 - $19,999 3 5.17%
$20,000 - $29,999 8 13.79%
$30,000 - $39,999 10 17.24%
$40,000 - $49,999 3 5.17%
$50,000 - $59,999 10 17.24%
$60,000 - $69,999 4 6.90%
$70,000 - $79,999 5 8.62%
$80,000 - $89,999 3 5.17%
$90,000 - $99,999 3 5.17%
$100,000 - $109,999 2 3.45%
$110,000 - $119,999 2 3.45%
$120,000 - $129,999 0 0%
$130,000 - $139,999 2 3.45%
Voters: 58. You may not vote on this poll

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#1 of 22 Old 07-03-2007, 12:16 AM - Thread Starter
 
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I saw the other poll and realized I think it would be interesting to do a poll adjusted for COL.

For this poll, I'd like you to take your gross income - by this I mean the total amount you take in before taxes.

New CALCULATOR!
Go to this calculator: http://www.bestplaces.net/col/
Put your gross income in (you may need to scroll down to see the box, it loads a little strange for me), then select your state and nearest city / area, for the second one please select Texas, and Abilene (will be the first to come up) . Answer the poll based on your income in Abilene.

Or file this poll under too complicated to be worth bothering with!

ETA - whoops, consider the last option $130,000 or above, d'oh!

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#2 of 22 Old 07-03-2007, 12:30 AM
 
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My city isn't on there. Which is weird since it's loads larger than a lot on that list...

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#3 of 22 Old 07-03-2007, 12:32 AM
 
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I found the calculator strange. It didn't have a listing for Detroit MI or even anywhere in the metro area. : Oddly they had both Kalamazoo and Grand Rapids. Both are a lower cost of living then Metro Detroit, and both are pretty close to each other and about the same COL. I found it strange to list them both, and no other MI cities. Oh well. MI is a big place with a wide variety of COL and even type of living (between SW MI and UP MI.)
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#4 of 22 Old 07-03-2007, 12:35 AM - Thread Starter
 
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Originally Posted by Mrs.PhD View Post
I found the calculator strange. It didn't have a listing for Detroit MI or even anywhere in the metro area. : Oddly they had both Kalamazoo and Grand Rapids. Both are a lower cost of living then Metro Detroit, and both are pretty close to each other and about the same COL. I found it strange to list them both, and no other MI cities. Oh well. MI is a big place with a wide variety of COL and even type of living (between SW MI and UP MI.)
hmm, didn't realize the calculator was going to be so incomplete! Bummer. It was the only free one I found (there are lots of more detailed paid ones for HR professionals. :P)

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#5 of 22 Old 07-03-2007, 12:40 AM - Thread Starter
 
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Originally Posted by dnw826 View Post
My city isn't on there. Which is weird since it's loads larger than a lot on that list...
Quote:
Originally Posted by Mrs.PhD View Post
I found the calculator strange. It didn't have a listing for Detroit MI or even anywhere in the metro area. : Oddly they had both Kalamazoo and Grand Rapids. Both are a lower cost of living then Metro Detroit, and both are pretty close to each other and about the same COL. I found it strange to list them both, and no other MI cities. Oh well. MI is a big place with a wide variety of COL and even type of living (between SW MI and UP MI.)
Okay, I found what looks like a better calculator, we'll still use Abilene, Texas as the reference (even though its less convenient on this calculator) but this one has more cities. Modified original post.

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#6 of 22 Old 07-03-2007, 12:45 AM
 
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Ok. It has it now. It says the COL here is 88.2 compared to Abilene at 79.9. Are they sure??? The area I used to live in was at 91 and rent was half as expensive, as well as everything else. And if rent is about half as much as average, that scares me for what is average everywhere else!!!

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#7 of 22 Old 07-03-2007, 12:51 AM
 
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153 for where I live vs. 79.9 for Abilene But that's not $$ amount? Neither of those are close to the $$ amount I entered.


Oh, okay here it is
Quote:
it's 47.7% cheaper to live in Abilene, Texas
I actually live in a more costly suburb of Los Angeles, but that was the closest city so it's what I picked.
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#8 of 22 Old 07-03-2007, 12:53 AM - Thread Starter
 
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Originally Posted by dnw826 View Post
Ok. It has it now. It says the COL here is 88.2 compared to Abilene at 79.9. Are they sure??? The area I used to live in was at 91 and rent was half as expensive, as well as everything else. And if rent is about half as much as average, that scares me for what is average everywhere else!!!
So many factors can go into it, rent in one town versus the next here can vary widely. Who knows what they are actually using to determine it. I just was interested to see a poll where someone living in LA wasn't comparing their income directly to someone living in Abilene, tx, kwim? Even if its off a bit.

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#9 of 22 Old 07-03-2007, 12:53 AM
 
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Okay, I found what looks like a better calculator, we'll still use Abilene, Texas as the reference (even though its less convenient on this calculator) but this one has more cities. Modified original post.
Found it. This one did seem to have a much better representation of my state (and others.) It had Abilene, Texas about 15% less than Detroit, Michigan, but I already voted. The other one said more like 10%.
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#10 of 22 Old 07-03-2007, 03:31 PM
 
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I'll have to see if I can find one that applies to Canada....would be really good if I could find one comparing the COL for Canadian cities directly with US cities, but I think that would probably get a little complicated. It's easier if you're dealing with the same currency. Mind you, our dollar is a lot stronger compared to the US dollar than it's been in a long, long time.

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#11 of 22 Old 07-03-2007, 03:39 PM
 
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Okay, so I have the number 110. Do I multiply our gross income by 110%?

ETA: it's 27.3% cheaper to live in Abilene TX than in my city. Told you we had high COL here. Still don't know what I'm supposed to choose on the poll though.

ETA again: never mind I figured it out.

ETA again again: not sure if I figured it out correctly or not. See next post. This is confusing.

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#12 of 22 Old 07-03-2007, 06:45 PM
 
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Okay, I've been thinking about this for 3 hours and I still can't figure out if I voted "correctly" or not.

Please clarify this. If someone's cost of living is HIGHER than Abilene, TX, do you want them to adjust their income higher or lower?

For instance, if someone makes $60,000 a year, say that's equivalent to making $50,000 in Abilene (because money goes farther in Abilene than it does in this hypothetical city; Abilene has a low COL). However, if that family moved to Abilene within the same company and kept the same salary, it would be as if they got a raise (because their money would go farther in the lower COL area). Someone in Abilene making $60,000 would be the equivalent of someone in the other city making $76,000, so you could say that, adjusted for COL, the family was making the Abilene equivalent of $76,000. So . . . do they vote $50,000 in your poll, or do they vote $76,000?

These numbers are all hypothetical, just because I am so confused I needed to use an actual example to ask my question. Thanks.

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#13 of 22 Old 07-03-2007, 08:02 PM - Thread Starter
 
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Quote:
Originally Posted by LionTigerBear View Post
Okay, I've been thinking about this for 3 hours and I still can't figure out if I voted "correctly" or not.

Please clarify this. If someone's cost of living is HIGHER than Abilene, TX, do you want them to adjust their income higher or lower?

For instance, if someone makes $60,000 a year, say that's equivalent to making $50,000 in Abilene (because money goes farther in Abilene than it does in this hypothetical city; Abilene has a low COL). However, if that family moved to Abilene within the same company and kept the same salary, it would be as if they got a raise (because their money would go farther in the lower COL area). Someone in Abilene making $60,000 would be the equivalent of someone in the other city making $76,000, so you could say that, adjusted for COL, the family was making the Abilene equivalent of $76,000. So . . . do they vote $50,000 in your poll, or do they vote $76,000?

These numbers are all hypothetical, just because I am so confused I needed to use an actual example to ask my question. Thanks.
I just want you to vote based on what your income would be equivilent to in abilene. So, $50K in your example.

It's similar to adjusting money based on time period. Like figuring out what your income would be considered in like the year 1920, so we are all comparing apples to apples, though I know its really imprecise.

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#14 of 22 Old 07-03-2007, 08:38 PM
 
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Apparently it's "61.2% cheaper" to live in Abilene.

We have a high COL here in the CA bay area
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#15 of 22 Old 07-03-2007, 08:48 PM
 
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Our 55,000 could decrease to 50,000 in Abilene.

It is 9.1% cheaper to live in Abilene than Pittsburgh.

And Pittsburgh a Sh!!hole, anyway, so, choose Abilene!!!
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#16 of 22 Old 07-03-2007, 09:07 PM
 
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I voted all wrong. Sorry!

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#17 of 22 Old 07-04-2007, 04:41 PM
 
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It's 21% cheaper to live in Abilene than in Tampa. So my ~69 goes down to ~54.

Things that make you go hmmm.
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#18 of 22 Old 07-04-2007, 05:28 PM
 
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Oh good, Kathee did my work for me!
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#19 of 22 Old 07-04-2007, 05:48 PM
 
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Verrry interesting.
We have a relatively high COL here so our income could decrease by a third if we lived in Abilene.
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#20 of 22 Old 07-04-2007, 06:07 PM
 
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I need to move to Abilene, it's 44% cheaper than here!

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#21 of 22 Old 07-04-2007, 07:54 PM
 
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I'm a bit confused but I voted what our income would be equiv IF we lived in Abilene.

Quote:
it's 40.3% cheaper to live in Abilene, Texas

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#22 of 22 Old 07-07-2007, 12:26 AM
 
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Cost of Living Indexes
Anchorage, Alaska Abilene, Texas

Overall 114.7 79.9
Food 126.5 86.8
Housing 105.4 54.9
Utilities 84 98.4
Transportation105.4 95.6
Health 159.1 92.5
Miscellaneous 124.7 97.6

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