Earlier quoted context omitted.
The subtitle mentions "adjusted to the cost of living in SF"
It's unfortunate that they don't specify what those adjustments are.
Yeah, those would be just as interesting. If not more so.
2017 State of Global Tech Salaries
31–40 of 284 posts
Re: 2017 State of Global Tech Salaries
#32London. The city with the highest cost of living in Europe [citation needed]. Look anywhere else in the UK and it's more like £25000-£35000.
[deleted]
Re: 2017 State of Global Tech Salaries
#33I think there data on Cost of Living is outdated, specifically as it regards Seattle, which has recently seen a significant increase in COL. According to their calculations Seattle is cheaper than DC, however the data I can find online suggests the opposite. http://www.bestplaces.net/cost-of-living/seattle-wa/washingt...
They are using this data for Cost of Living according to the Hired article this article is summarizing. hired article: https://hired.com/state-of-salaries-2017 cost of living data comes from here: https://www.numbeo.com/cost-of-living/
That helps explain it, thank you. It looks like the root problem is they are using the (excl rent) number, and the recent increase in COL is Seattle has been driven by real estate, so the problem isn't there data, it's how they are applying it.
Re: 2017 State of Global Tech Salaries
#34The article is misleading. The average software engineer salary in Toronto is not $197k CAD. It is closer to $80k, according to online sources like https://www.quora.com/Whats-a-reasonable-salary-for-a-softwa... .
Re: 2017 State of Global Tech Salaries
#35It's utterly stupid that the link goes to TechCrunch instead of the actual study itself: https://hired.com/state-of-salaries-2017
The hired.com page gives a lot more information, including baseline numbers before cost of living adjustments, and doesn't have such a click bait title.
Re: 2017 State of Global Tech Salaries
#36mmm
Re: 2017 State of Global Tech Salaries
#37This analysis may be reasonable as far as it goes, but it can still make financial sense for someone to live and work in the Bay Area. I recently took a new job near San Francisco paying ~$160k. Living cheaply, our actual consumption for my family of 3 is about ~50k a year. (Yes, this is possible -- and life can still be enjoyable if you like spending time in nature/other inexpensive activities.) After taxes, that leaves me $50-60k a year to invest/save for retirement.
Compare that with a salary of $105k in inexpensive Salt Lake City, which is where my second-choice offer was. After taxes and consumption for a similar lifestyle, I'd be saving somewhere around $30-40k/year, a substantial decrease. Not to mention the fact that if the startup that made that offer went under, it would be much harder to find another interesting job with similar compensation in Salt Lake than San Francisco.
I don't plan on living in the Bay Area long-term, but in the early stages of my career I can accumulate a lot more savings and also grow my skills faster by living here than probably anywhere else in the world.
Re: 2017 State of Global Tech Salaries
#38And here I am making $72,000 in New Hampshire...45 minutes from Boston. I have a B.S. in computer engineering and now have 4-5 years of professional experience in software (specializing in DevOps). Am I severely underpaid?
Re: 2017 State of Global Tech Salaries
#39A lot of the cost of living calculations are wrong. I had moved from LA paying 1400$ a month rent to Austin and paid nearly the same rent in Austin for a one bedroom. The plus is no income tax in Washington and Texas but food costs are more and property taxes are double in Texas when compared to California.
Property tax is lower in seattle. %1.2-1.5 effective vs %1 effective. If youve had a big price gain only then is California 'cheaper'
Re: 2017 State of Global Tech Salaries
#40A lot of the cost of living calculations are wrong. I had moved from LA paying 1400$ a month rent to Austin and paid nearly the same rent in Austin for a one bedroom. The plus is no income tax in Washington and Texas but food costs are more and property taxes are double in Texas when compared to California.
[deleted]