![]() By comparison, the real value of $100 in McAllen, TX is $121.65, meaning that a hundred dollar bill actually carries an additional $21.65 of spending power here than in the U.S. This would indicate a higher cost-of-living. ![]() Regional price parities are evaluated by the Bureau of Economic Analysis based on a number of differently-weighted cost-of-living factors including housing, food, transportation, and education.Īccording to this model, the real value of $100 in New York City is $79.55, meaning goods and services that cost a nationwide average of just $79.55 cost $100 in NYC. After all, $100 in San Francisco, California doesn’t go as far as $100 in Ames, Iowa. Wages are important to consider when choosing a career, but so is the cost of living in your area. The median hourly wage is defined as the paycheck in the 50th percentile of all wage data collected for that region, meaning 50% of graphic designers in this region make more money, and 50% make less. The median hourly wages for graphic designers reported in this piece come from a 2019 survey by the Bureau of Labor Statistics. Wages are one of the most important factors that people evaluate when choosing a job, and graphic designers are no exception. Small cities are metropolitan areas with fewer than 250,000 residents.Mid-size cities are metropolitan areas with between 250,000 and 750,000 residents.Large cities are metropolitan areas with between 750,000 and 2 million residents.Major cities are metropolitan areas with upwards of 2 million residents.In order to avoid comparing apples with oranges, we break cities into four different categories and analyze them within this schema. Larger cities have larger economies than smaller cities. A location quotient less than one indicates that employed graphic designers are less prevalent in this area than average. As a statistic, the location quotient is the concentration of employed graphic designers in a particular area compared with the national average.Ī location quotient greater than one indicates graphic designers comprise a higher share of employed people in this area compared to the nation as a whole. ![]() The location quotient can be used to understand the likelihood that a graphic designer will find employment in any given metropolitan area. Here are the metrics we looked at when assessing the favorability of a particular metropolitan area for a career in graphic design: Location quotient
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