<prompt> Human: Im currently working as an entry level engineer in Memphis, TN making 55k a year. I know this is on the low end nationally, and I could make a lot more money in other areas of the country like New York or California. However, the cost of living here in Memphis is so low that the increased salary I might be able to gain seeking employment elsewhere doesnt seem to fully offset the increased cost of living. I know certain goods will remain roughly the same e.g. a 500 TV in Memphis will still cost 500 in Los Angeles, but is there any point in seeking a higher salary elsewhere, or will everything more or less come out in the wash?  <response>: The biggest difference is going to be housing costs. You might get a house that is 200k in Memphis. That same house in large California cities or New York City city would be 1m plus. 