[throwaway823882]

We have that now and it's called the market-based salary.

> if we took out rent from the equation

Then we only need to consider

  - employee's age
  - employee's education
  - employee's experience
  - industry
  - job requirements
  - local, state, federal taxes (income, sales, excise, tariff, etc)
  - number of family members supported
  - public transportation availability
  - local auto insurance premiums
  - local school district
  - local cost of food
  - local cost of health care
  - local cost of child care
  - union requirements
  - hours working
  - pay period
  - local/national requirements for paid/unpaid vacation / sick days
  - inflation
  - if employee would rather own a home than rent:
    - avg local property taxes
    - avg local homeowners insurance (basic, flood, fire, earthquake, tornado)