Salary vs. Cost of Living: What to consider when evaluating a move, courtesy Wilmington Chamber
Some people won’t consider a move to a smaller city like Wilmington, where salaries may be lower, because they don’t want to lose purchasing power. But oftentimes the opposite is true.
Alternatively, some people are lured to another city for a bigger salary, only to find out that their disposable income—and consequently their quality of life—actually goes down, not up.
Why? Because the cost of living has to be measured versus the difference in salary. Companies in larger cities may offer larger salaries, but they also typically come with a higher cost of living.
If you are considering a move, use the cost of living calculator below to compare the cost of living between Wilmington and another city.