The document discusses how to compare job offers by accounting for differences in cost of living between locations. It provides examples of Sara and Joe receiving offers in different cities and walking through the calculations to determine the equivalent salaries based on each location's cost of living index. For Sara, the offer in Reno is better even before benefits are considered. When benefits are added, the Reno offer remains better. For Joe, the Denver offer is better both with and without benefits included in the calculations. The document emphasizes the importance of considering cost of living differences and benefits when evaluating multiple job offers.