Many cost-of-living calculators can't act as determinants of discretionary income for those in the tech industry.
News headlines can describe inflated silicon valley salaries, but they seldom take into account the inflated cost of living and high level of taxation in the area. The Cheddar Counter is a tool that accounts for differences in salary across geographic regions, the impact of taxes, as well as cost of living, in order to deliver a more clear picture of what life would be like for developers and designers working in other areas.
The Cheddar Counter uses publicly available data to see where those in the tech industry can make the most with the lowest cost of living. This discretionary income tool hopes to make it easier and more transparent for designers and developers to determine where they should live to get the most value from their salary.
Living Cost Calculators
The Cheddar Counter Determines Discretionary Income for Developers
Trend Themes
1. Cost-of-living Transparency - The Cheddar Counter offers a transparent view of the true cost of living and disposable income for professionals in the tech industry.
2. Geographic Salary Disparity - The Cheddar Counter highlights the disparity in salaries for tech professionals based on their geographic location, opening up opportunities for negotiation and relocation.
3. Personalized Income Optimization - The Cheddar Counter uses individualized data to help professionals in the tech industry find the locations where their income will go the furthest.
Industry Implications
1. Tech Industry - The Cheddar Counter directly benefits professionals in the tech industry by providing them with valuable insights into income and cost-of-living disparities.
2. Real Estate - Real estate professionals can leverage the Cheddar Counter to identify areas where developers and designers are more likely to seek affordable housing.
3. Human Resources - HR departments can use the Cheddar Counter to attract and retain tech talent by adjusting compensation packages based on location-specific factors.