Max lives in boston and earns $132,500 per year. if max decides to move to san francisco, what annual salary will he need to make in order to maintain the same real wage?
According to bestplaces.net, San Francisco is 67.8% more expensive than Boston. This means, if Max is making 132,500 in Boston he would need 132,500*1.678 = 222,335 in San Francisco to maintain the same real wage.
