According to an observer, what is the approximate purchasing power equivalent in a lower-cost city like Pittsburgh for a $100,000 salary earned in New York City?
Answer
$60,000 to $80,000
A $100,000 salary earned in New York City translates to the purchasing power of only $60,000 to $80,000 when compared to what that money buys in a lower-cost city such as Pittsburgh.
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