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Monday, May 23, 2005


THE SALARY VALUE INDEX: BEST, WORST PLACES TO STRETCH YOUR PAYCHECK 

Are you a "Sex and the City" fan dreaming of drinking Cosmopolitans in SoHo? Get ready to lose your checkbook. Are you thinking of moving to San Diego and looking forward to living a relaxed life on the beach? Be prepared to throw your wallet in the ocean. That's because New York and San Diego are two of the least-favorable cities to live based on cost-of-living expenses according to Salary.com.


“The index measures where you are most likely to have a job that is going to pay you relatively better than the expenses you incur when you live there,” said Bill Coleman, senior vice president of compensation at Salary.com, which researches compensation practices in the United States.

“We do not want to say New York is bad place to live. It’s just that by the numbers, it’s the toughest place to build a bank account,” he said.


CITIES WITH THE WORST BANG FOR A BUCK
1. New York City
2. San Francisco
3. Stamford, Conn.
4. San Jose
5. San Diego
6. Santa Barbara
7. Bakersfield, Calif.
8. Los Angeles
9. Fresno, Calif.
10. Boston

New York last in cities where paycheck goes far - Stocks & Economy - MSNBC.com
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