What is a reasonable salary increase to move from LA to NY?
October 11, 2012 3:48 PM Subscribe
What is a reasonable % salary increase for a move from LA to NY, figuring in cost of living as well as an actual raise in salary?
posted by Everydayville to work & money (11 answers total)
I'm considering a career relocation from Los Angeles to New York, and trying to figure out what % increase in salary is reasonable to ask for. My absolute minimum is 20%, but that's just COL alone (I want to live in NYC as opposed to the suburbs. Living in Queens or Brooklyn is somewhat of a trek to my work in Tarrytown, NY). A 20% increase would pretty much mirror the increase in living expenses and technically isn't a 'raise'.
All other things job-related are great - the company culture, job content, relocation provided etc. I've always wanted to live in NY. I have very little credit card debt and a car that I'm paying off that I would sell as living in the city wouldn't require it. I also don't NEED this new position as I'm relatively happy where I am now... but it's a huge move career-wise. While career isn't my priority (being close to friends and starting a family are more important to me - I'm single and in my very early thirties), I do have a couple friends and family in New York... but I digress.
What is a reasonable increase in salary for this move? Is 30% too much (20% COL + 10% salary raise)? Salary calculators are giving me different ranges for my current position, so it's pretty hard to tell. FWIW, I'm in regulatory affairs, have a doctorate and about 3 years of actual work experience.
Thanks for your help!