by Catherine Rein
(last updated April 24, 2009)
I recently relocated from Austin, Texas to Denver, Colorado. Part of the negotiation with my employer was around a Cost of Living Adjustment. Housing and other goods and services are more expensive in Denver compared to Austin. I researched the difference and proposed a percentage increase in my salary to relocate to Denver.
If you are looking to relocate, be sure to research the cost of living in both locations and negotiate for a cost of living adjustment, if needed. Follow these steps to learn more about calculating your cost of living:
Social Security also does an annual cost of living adjustment. If you or someone you love is on Social Security, they receive an annual adjustment that is reflected by the change in CPI. The latest COLA is 5.8 percent for Social Security benefits and for SSI payments. This change will be reflected in the 2008 December benefits, which are payable in January 2009.
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