The average annual cost of living in Illinois, California, and Oregon are displayed in
the table below:
3
6
State
Average Annual Cost of
Living
9
Illinois
$58,000
California
$70,000
1
Oregon
$64,000
Suppose you are earning a salary of $95,000 per year in California. Your employer
asks you to transfer to the Oregon office. Based on the average annual cost of living,
what is the lowest possible salary you will accept? Round your answer to the nearest
whole dollar. Explain your reasons.