Normalized MLB opening day salary comparison

Since Major League Baseball, unlike the NFL or NBA, has no salary cap, a perennial discussion about how the large market teams can spend more or players than small market teams and therefore (in theory, although perhaps not always in practice) buy their way to a World Series ring. However, there is a factor that I rarely see addressed--cost of living factors. Of course, many players do not actually reside the city where they play, and teams spend the month of March either Florida or Arizona for spring training, and spend half of their time on the road, but still, I just can't help but think that the fact that $20 million has to go a lot further in St. Louis than it does in New York. Thus, I decided to use a cost of living calculator, to convert the opening day team payroll of each team to the neutral location of Chapel Hill, NC. Here are the results:

    Team (rank in USD)       Salary (USD)  Salary (CHD)
1.  Houston Astros (8)          92551503  117219559.48
2.  New York Yankees-x (1)     194663079  105753791.90
3.  Atlanta Braves (9)          90156876  105704043.83
4.  St. Louis Cardinals (11)    88891371  101872389.88
5.  Boston Red Sox (2)         120099824  100046603.88
6.  Chicago White Sox (4)      102750667   91087898.74
7.  Detroit Tigers (14)         82612866   88425099.39
8.  Seattle Mariners (13)       87959833   84955271.83
9.  Chicago Cubs (7)            94424499   83706796.80
10. Philadelphia Phillies (12)  88273333   83648917.84
11. Texas Rangers-y (17)        68228662   83392213.18
12. New York Mets-x (5)        101084963   82018168.14
13. Los Angeles Angels-z (3)   103472000   78630439.48
14. Baltimore Orioles (15)      72585582   75673632.69
15. Cincinnati Reds (21)        60909519   74855924.56
16. Los Angeles Dodgers (6)     98447187   73344602.00
17. Minnesota Twins (18)        63396006   70135678.48
18. Arizona Diamondbacks (22)   59684226   69568510.15
19. Milwaukee Brewers (23)      57568333   64975352.07
20. Cleveland Indians (24)      56031500   62235982.31
21. San Francisco Giants (10)   90056419   58082006.71
22. Kansas City Royals (25)     47294000   56413182.25
23. San Diego Padres (16)       69896141   55712543.84
24. Pittsburgh Pirates (26)     46717750   55597781.85
25. Washington Nationals (19)   63143000   52010588.77
26. Oakland Athletics (20)      62243079   47473887.90
27. Colorado Rockies (27)       41233000   45400525.17
28. Tampa Bay Devil Rays (28)   35417967   41211858.88
29. Florida Marlins (29)        14998500   15193164.50

x-The Yankees play in the Bronx, which was not an option, and so I chose Manhatten. The Mets play in Queens, which was an option.
y-The Rangers play in Arlington, TX.
z-The Los Angeles Angels of Anaheim play in Anaheim, and so I chose Orange County.

(Note: The calculator does not have Toronto, home of the Blue Jays, who had a team payroll of US$71,915,000, or the 16th highest. Therefore, rank in USD reflects the rank among teams that play their home games in the US. John, can you help here?)