In Teleport Cities, we provide an overview of what to expect when moving to a new city. We offer information from environment and cultural scores to startup funding details. However, when moving between cities, one of the most practical pieces of information is the salary comparison.
Because of this, we have just revamped the way we estimate your income between different cities. Out of Teleport Labs, we have crunched some numbers and have come up with a way to look at salaries in an objective way.
The logic for our salary calculator is pretty simple: we take into account your current city, job and income, and from there we estimate in which percentile the salary for this combination falls into. We then take salaries in the same percentile for the new city and provide that back to you. We are making the assumption that people with certain experience in a field would likely be able to find a job in the same level in both cities.
For example, let’s say that there is a copywriter living in Amsterdam who earns $42,000 a year (or $3,500 a month). Their preferences would look like this:
With this information, Teleport Cities finds out that this salary falls in the 39th percentile in the distribution of copywriter salaries in Amsterdam. In other words, this person earns more than 39% of other copywriters in the same city. When we look at the 39th percentile in Boston, we realize that this person could make a bit over $49,000 a year for the same job. The comparisons would look like this:
You can check the summary at the bottom of the widget for details.
Behind the scenes, we have a salary comparison engine that is making all these estimations on the fly. Provided we have enough information about you, we could represent the distributions in this way:
This is already available to you without any effort. You only have to go to Teleport Cities, log in and provide your own preferences to get these estimates. Let us know what you think.
