Comparing Job Offers 1.1.3. Take Charge of Your Finances Family Economics and Financial Education. Supply and Demand. The availability of jobs and the rate of pay is dependent upon the economic concept of supply and demand.
Take Charge of Your Finances
Family Economics and Financial Education
Which option is best?
$35,000 × 123.1 = Equivalent Salary in Anchorage
$35,000 x 1.17 = $40,994.29 in Anchorage
How much was she offered, when comparing the $40,994.29 needed to live in Anchorage.
If less she chooses Reno
If more she chooses Anchorage.
Fringe benefits and employer provided services can make a difference:
$39,800 × 123.1 = Equivalent Salary in Anchorage