Thursday, September 08, 2005
Toledo's Standard of Living
The Blade features an article today stating that Toledo's latest selling point is our standard of living. More specifically, the article deals with the low cost of living here.
“We do this because people need to know what the cost-of-living differences are between the cities and the states … so they can ask, ‘How much should I be getting in salary?’” said Erol Yildirim, the research analyst in charge of the Cost of Living Index by ACCRA, the Council for Community and Economic Research.
Excellent point...I guess. It's true that if you're a working parent being offered two jobs, each paying $100,000 per year, one in Toledo and one in New York City, the one in Toledo is the better deal. The city of Toledo offers nice three-bedroom homes for around $100,000 whereas a New York City apartment of comparable size will set you back at least half a million (not to mention maintenance fees of at least a few hundred per month).
What the article fails to point out is that Toledo doesn't offer very many $100,000-a-year jobs. Most people would prefer a $100,000-per-year job in New York City over a $40,000-per-year job in Toledo and just suck up any difference in haircut costs in favor of living in a place that isn't dying.
“We do this because people need to know what the cost-of-living differences are between the cities and the states … so they can ask, ‘How much should I be getting in salary?’” said Erol Yildirim, the research analyst in charge of the Cost of Living Index by ACCRA, the Council for Community and Economic Research.
Excellent point...I guess. It's true that if you're a working parent being offered two jobs, each paying $100,000 per year, one in Toledo and one in New York City, the one in Toledo is the better deal. The city of Toledo offers nice three-bedroom homes for around $100,000 whereas a New York City apartment of comparable size will set you back at least half a million (not to mention maintenance fees of at least a few hundred per month).
What the article fails to point out is that Toledo doesn't offer very many $100,000-a-year jobs. Most people would prefer a $100,000-per-year job in New York City over a $40,000-per-year job in Toledo and just suck up any difference in haircut costs in favor of living in a place that isn't dying.
