Cost of Living
In justifying your wage package, you will want to know how much the cost of living has increased in your area and how it compares with other locales. These sites will give you information in this category.
In addition to the CPI data, the Bureau of Labor Statistics helpfully offers a fact sheet, How to Use the Consumer Price Index for Escalation to enable you to apply the data in developing your wage rate increase proposal. Their “Inflation Calculator” can help you evaluate the relative buying power of your dollar indexed to a base year.
Find the cost-of-living index rate (indexed to U.S. national average of 100) for different cities. Records also show data on average household expenditures in specific categories, utility costs and other indicators of cost of living.