BEA regional price parities, 2024
Compare a wage in two metros
The dollars BLS published, then those dollars in national prices. A higher wage in a more expensive metro can buy less.
Security and Fire Alarm Systems Installers in Springfield, MA and Houston-Pasadena-The Woodlands, TX
| Metro | Published median | Employment | Price parity | In national prices |
|---|---|---|---|---|
| Springfield, MA | $72,280 | 90 | 96.061 | $75,244 |
| Houston-Pasadena-The Woodlands, TX | $56,920 | 2,500 | 98.629 | $57,711 |
Security and Fire Alarm Systems Installers in Springfield, MA · Security and Fire Alarm Systems Installers in Houston-Pasadena-The Woodlands, TX
A wage of $74,212 in Houston-Pasadena-The Woodlands, TX has about the same purchasing power as the $72,280 median in Springfield, MA. In the other direction, $55,438 in Springfield, MA matches the $56,920 median in Houston-Pasadena-The Woodlands, TX.
Price parities describe a broad price level for 2024. Wages are May 2025. The index is not a household budget and it is not a cost-of-living allowance. How the comparison works.
Questions this page answers
How are wages adjusted for local prices?
A nominal wage is divided by the metro's 2024 all-items regional price parity and multiplied by 100. The United States equals 100. The parity is the Bureau of Economic Analysis series released February 19, 2026. The wages are the May 2025 OEWS estimates.
What salary in one metro matches a salary in another?
Multiply the salary by the second metro's price parity and divide by the first metro's price parity. The comparison page does that for the published median and for a wage you enter.