One factor complicating the minimum-wage discussion is that the cost of living varies widely – not just from state to state but within individual states, something that’s especially true in large, diverse states such as California and New York. The real value of $15 (that is, its purchasing power) very much depends on where you live: A wage that might be barely adequate in a big city could be well above the norm in a rural small town.
***The price level in metropolitan Chicago, while only 6.6% above the national average, is 34.6% above the price level in Danville, a small city about 140 miles to the south that is the second-cheapest place to live in the nation.
Not far behind Illinois are California and New York, where the most-expensive metro areas are 33.2% and 31.9% higher, respectively, than the least-expensive places. The states with the smallest gaps, such as Idaho, Wyoming and Vermont, tend to be largely rural places with few (or no) big cities.
Thursday, April 7, 2016
Large Cost Of Living Differences Within States Complicates Value Of Minimum Wage
Posted By Milton Recht
From Pew Research Center, "Cost-of-living disparities within states complicate minimum-wage debate" by Drew DeSilver:
Posted 4/07/2016 03:14:00 PM