Friday, August 15, 2008

Cheers!

I am in the middle of negotiations for a job in Darlington, England with Cummins. One of the things that I am worried about is the difference in cost of living in Darlington vs. Columbus, IN. In addition to the weak dollar (now 1.84:1 conversion), there appears to be a big cost of living difference between the large British city and rural Indiana. a 3 bedroom, 2 bath ranch in Columbus will run anywhere from $120-150k and have a decent sized yard. Looking at properties in Darlington, it appears that the average 3 bedroom home goes for 155,000 Pounds ($285,000). Most of those below the average are apartments, so if you want a yard, garage, etc (which I do) you are on the high side.

So, that being said, does anyone know how to perform a cost of living calculation based on known prices of items in one place and another? I have seen cost of living calculators on the internet, but none of them seem to work for international calculations, at least not for the US anyway.


Oh, about the job, its essentially what I am doing now, but in England for small diesel engines which are being developed specifically for the Chinese market. As soon as I know something more definite, I'll post something.

6 Comments:

Blogger milkman said...

Nevermind the bollocks!

285k USD seems downright cheap. Out here, even the condos start above 300k.
--D

8/15/2008 11:36:00 AM

 
Blogger Justin Short said...

Ok, so lets say I was to move to Seattle, and for whatever reason they used Seahawk Bucks that were trading at a rate of 1.84:1. Considering the cost of living is much higher out there, what cost of living adjustment should I ask for?

8/16/2008 09:18:00 AM

 
Blogger milkman said...

I fully expect the cost of living ratios to be fixed by your corporate office. If you ever plan on returning to the US, any headway you make in negotiating that rate will screw you as you head back.

Negotiate your base salary on skillset and experience, and try to swing a full relocation package if it isn't already provided.

Note that if your company is big on issuing stock as an incentive, an inflated base salary can be used as a reason to cut your stock awards, which will cut into the discount issued on the stock and the immense tax breaks. Given a choice, I'd rather have stock than salary.
--D

8/16/2008 10:01:00 AM

 
Blogger Phil said...

Are you taking your dog with you to England? If that is the case maybe you should have bought a Bulldog.

8/19/2008 09:37:00 AM

 
Blogger Raven said...

winston should be a priority over the mustang in my opinion

8/19/2008 11:23:00 AM

 
Blogger Justin Short said...

Based on this It shouldnt be a problem getting him over there. I just might have to leave him at Jeff's for a few months while the bloodwork gets done.

8/19/2008 03:52:00 PM

 

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