When using a national median of $100,000 as a baseline, what multiplier range might be required for a role in a major city like New York or San Francisco?
Answer
A multiplier of $1.25$ to $1.40$ based purely on cost of living and local competition.
The text explicitly suggests that reliable adjustment for major metropolitan areas with high competition might require increasing the baseline number by a factor between 1.25 and 1.40.
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