Sometimes the lists or best of’s you find in articles can get irritating, but this one actually seems to have some merit. Business Week worked with Payscale.com to come up with the best (and worst) places to live as far as salaries in specific fields are concerned. Cleveland came in at number three for financial analysts. San Francisco, LA and NYC came in at the bottom for this career; in fact, NYC takes a beating in this study because of the high cost of living and real estate.
It always amazes me that we train engineers and yet do not score well for employing those same engineers.
Pittsburgh does well on some of these career salary studies but Houston (go figure, due to our suffering and the high cost of oil) and Charlotte do well, seemingly, on many more career salaries. The entire Business Week article on Are You In The Best City For Your Job?. Peace Out – 3C
5 responses so far ↓
1 Sharon McMillan // Jun 15, 2008 at 4:54 pm
Someone I know will be very happy to hear this! Thanks Carole.
Sharon McMillan’s last blog post..Papa’s 65th
2 Carole Cohen // Jun 15, 2008 at 5:00 pm
Sharon, payscale.com says I could be earning $37,663 a year in Ohio as a community organizer. I have to buy a premium account to get more info it’s very tempting LOL
3 TimFerris // Jun 16, 2008 at 5:05 am
http://www.traderdaily.com/magazine/article/18251.html
TRADER does it a little differently in this second year of ranking the best cities for traders, a breed unto themselves. You may have to register to get at the article, but registration is free.
TimFerris’s last blog post..whose property is this, anyway?
4 TimFerris // Jun 18, 2008 at 6:55 am
I’m just wondering now what kind of “financial analyst” has average compensation of $62,100 a year, cost-of-living adjusted? That’s a gross of about $5,000 a month, or $1,200 a week.
Whatever this is, it’s not a high-end job, I don’t think. What does a steelworker make these days? A laborer of of local 310? A finish carpenter?
On your qualifying ratios for a loan, how much can this person afford to buy?
What are the average selling prices of the tax-abated properties in Cleveland?
TimFerris’s last blog post..Garden Tour Sunday June 22nd
5 Carole Cohen // Jun 18, 2008 at 9:06 am
Tim, you know more about average salaries for FA’s than I do; as far as qualifying for a mortgage, the salary isn’t the only consideration. Are there two salaries like that in the household? Are there credit issues, did they file bankruptcy, etc. Wonder what the average salary for a NE Ohioan is?
Tax abated at 100% for 15 years is an average around $250k to $300k . But you can rehab an existing property and then get an abatement for a number of years. The abatement usually means whatever the tax rate was during the year the rehab was completed – that figure is frozen for a number of years. In those cases, each individual applies for the abatement so it varies.
Interesting article too (Trader) and thanks for linking it here.
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