I might scream this from the mountain high if I might. Huge cities don’t essentially pay extra. Huge cities don’t pay extra! BIG CITIES DON’T PAY MORE (not less than not sufficient extra)!
Don’t get me fallacious. I’m not saying you shouldn’t transfer to an enormous metropolis. I like huge cities. Earlier than Memphis, I used to be residing within the Los Angeles space. It was lovely. Given the chance, I might do it another time.
However, as you already know – cash doesn’t go as far there. In California, my condominium value about the identical amount of cash as an condominium in Tennessee. However, are you able to guess what was totally different? It was lower than half the dimensions of what I used to be used to. It had no air-con. It had no dishwasher. It had no personal parking. And, it had no washer or dryer for my garments.
That sounds prefer it should have been an actual shack, proper? Mistaken. I lived in the identical neighborhood the place celebrities lived. I bumped into just a few throughout my time there, together with Arnold Schwarzenegger and Maria Shriver (earlier than their breakup), Hillary Swank, and Minnie Driver.
Let’s get this proper. We’re not speaking low cost – we’re speaking totally different. Once I lived in LA, my priorities had been totally different. I’ve buddies who nonetheless stay in cities like LA and NYC. Some stay in tiny residences. Others have roommates effectively into their 30s and 40s. It’s not an enormous deal. It’s not dangerous. It’s simply totally different.
However, what most likely received’t occur if you transfer to an enormous metropolis is that this. The brand new firm you’re to work for could pay you extra. However, they received’t pay you that rather more. They’re not going to pay you a lot extra that you simply’ll have the ability to have the identical home in your new swanky metropolis. You’re going to need to make decisions – like whether or not or not you’re down for residing in a smaller house.
Why is that this? Why wouldn’t an organization pay you an adjusted value of residing wage? If you happen to take an inner transfer, they could – or they’ll get nearer. However, for those who’re going to work for a brand new firm, it’s unlikely.
That is the factor. An enormous metropolis like LA has tons and plenty of individuals; 3.9 million to be actual. Lots of these individuals are certified to do the identical job you’re certified to do. Most definitely, you’ll have extra competitors to your job than you do at this time in your smaller metropolis. And, it’s a provide and demand job market. If you wish to make $100K per 12 months, however there’s another person who already lives within the metropolis (and can also be certified) that’s open to taking $85K, what incentive does the corporate need to pay you $100K?
It’s that complete “huge fish, little pond” idea. And you realize, generally it’s good to be an enormous fish. For instance, a metropolis like Memphis generally pays extra for specialised expertise than LA. Why is that? As a result of there are only a few individuals in a metropolis the dimensions of Memphis who can fill a sure job. However, in LA, there are many individuals who can.
Now that I’ve stated all this, let me say that it’s not unimaginable to make way more in a bigger metropolis. That is very true for those who’re leaping up the ladder so to talk.
However, simply don’t assume {that a} huge metropolis pays you way more. It’s not a given. And, for the most-part, that’s a fable. You could make extra, however the query is – how way more? And, are you ready to strive residing with out air-con or and not using a dishwasher?
After all, there’s no proper reply. It’s all a really private alternative. Simply ensure you perceive the pond earlier than you soar into it.
I hope the following tips have helped you. Go to CopelandCoaching.com to seek out extra suggestions to enhance your job search. If I may be of help to you, don’t hesitate to attain out to me right here.
Go to CopelandCoaching.com to seek out extra suggestions to enhance your job search. If I may be of help to you, don’t hesitate to attain out to me right here.
Completely satisfied searching!
Angela Copeland
@CopelandCoach
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