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Subscribers who are administering an employee relocation or transfer are strongly encouraged to utilize the Relocation Assessor. The Geographic Assessor presents "cursory" cost-of-living information. This information is limited to renters' spending patterns and is intended to provide only a first-step/look at the relative buying power of wages/salaries in different areas. It is not intended to present a recommended COLA or other relocation administration data.
Note, buying power is the inverse of cost of living. Cost of living is the cost of purchasing goods and services, as determined by the demand and supply of goods, services, and property. For example, if the cost of living is 10% higher in an area, the buying power is approximately 10% less in that area.