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Homework answers / question archive / Brad Edwards is earning $45,000 a year in a city located in the Midwest
Brad Edwards is earning $45,000 a year in a city located in the Midwest. He is interviewing for a position in a city with a cost of living 12 percent higher than where he currently lives. What is the minimum salary Brad would need at his new job to maintain the same standard of living?
His current net income = $45,000
Cost of living in his desired job location = 12%
Therefore, the minimum new salary should be = $45,000 x 1.12 = $50,400
