NEW LONDON, Conn. (AP) A recent report by Salary.com ranks New London as the No. 1 most favorable city in the country based on an analysis of living costs and average pay in 188 cities nationwide.
``The Salary Value Index'' rates Huntsville, Ala., as the second most favorable city. New York City was labeled the least favorable from a cost-of-living standpoint.
The average pay for each metropolitan area was correlated across more than 2,500 job categories, along with living costs, housing costs and employment rates.
The most favorable cities offered the largest difference between pay and living costs.
The analysis did not consider quality-of-life issues such as school systems, weather, infrastructure and culture.
The report said New London's salary ranges were above the national average and cited its low cost of living and low unemployment rate. The survey mentioned Pfizer's recent $300 million investment in its world research and development headquarters and increased defense spending on the U.S. Navy and Coast Guard, although Navy officials have proposed closing the Groton submarine base.
(Copyright 2005 by The Associated Press. All Rights Reserved.)