The table shown here gives a cost-of-living index for 14 different cities. Currently, you are living and working in Richmond and earning $115000 per year, but you are considering a move to Washington DC. In order to have the same standard of living in Washington DC, you would need to earn $ (Note: Round this to the nearest dollar.)

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The Cost of Living in Selected U.S. Cities
City
New York (Manhattan)
San Francisco, CA
Washington, DC
Los Angeles, CA
Boston, MA
Philadelphia, PA
Seattle, WA
Chicago, IL
Richmond, VA
Phoenix, AZ
Detroit, MI
Atlanta, GA
Charlotte, NC
Dallas, TX
Source: U.S Census, Annual Average 2010.
Cost-of-living index
number
216.7
164.0
140.1
136.4
132.5
126.5
121.4
116.9
104.5
100.7
99.4
95.6
93.2
91.9
Transcribed Image Text:The Cost of Living in Selected U.S. Cities City New York (Manhattan) San Francisco, CA Washington, DC Los Angeles, CA Boston, MA Philadelphia, PA Seattle, WA Chicago, IL Richmond, VA Phoenix, AZ Detroit, MI Atlanta, GA Charlotte, NC Dallas, TX Source: U.S Census, Annual Average 2010. Cost-of-living index number 216.7 164.0 140.1 136.4 132.5 126.5 121.4 116.9 104.5 100.7 99.4 95.6 93.2 91.9
The table shown here gives a cost-of-living index for 14 different cities. Currently, you are living and working in Richmond and earning
$115000 per year, but you are considering a move to Washington DC. In order to have the same standard of living in Washington DC,
you would need to earn $
(Note: Round this to the nearest dollar.)
Transcribed Image Text:The table shown here gives a cost-of-living index for 14 different cities. Currently, you are living and working in Richmond and earning $115000 per year, but you are considering a move to Washington DC. In order to have the same standard of living in Washington DC, you would need to earn $ (Note: Round this to the nearest dollar.)
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