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2017 State of Global Tech Salaries

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Re: 2017 State of Global Tech Salaries

#61

Post by kcorbitt »

segmondy wrote: post #42
kcorbitt wrote: post #37

This 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 le…

What's your commute like? My friend that moved there who tries to convince me to move out there, has a 2hr one way commute. How many sq feet is your living space for you and your family?

My commute is a 15-minute walk, or 5-minute bike ride. :) I chose the apartment based on proximity to work -- could have saved $100-200/mo with a longer commute, but the savings would have been more than eaten up by the gas/car maintenance costs and I hate commuting. I still own a car, but don't use it to get to work.

We live in a 680 sq ft one-bedroom apartment in an older development ($2200/mo). We'll have to upgrade when my baby outgrows his large walk-in closet, but it fits our needs fine for now.

Re: 2017 State of Global Tech Salaries

#62

Post by dang »

jlarocco wrote: post #35

It'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.

> utterly stupid

We appreciate your concern for the quality of HN (and frustration at linkbait etc.) but please don't do this. The HN guidelines do say to post original sources, but also say not to call names in comments (https://news.ycombinator.com/newsguidelines.html).

Users submit articles from various sources of varying quality. Moderators routinely change urls to better sources when we find them, and edit titles accordingly. No one would love it better than we if users would just follow the site guidelines and we didn't need to do those things, but to try to make it otherwise would be like Canute commanding the waves.

We changed the URL from https://techcrunch.com/2017/02/09/what-software-engineers-ar... to the original report it's cribbed from.

Re: 2017 State of Global Tech Salaries

#63

Post by brilliantcode »

...and Vancouver, BC doesn't even show up on the radar because our average is roughly $53,000 USD / year.

Might wanna consider outsourcing here. Same time zone as SV, similar culture, speaks English, tight job market means loyal workers.

source: https://www.glassdoor.ca/Salaries/vancouver-software-develop...

USD/CAD as of today: 1.31

Re: 2017 State of Global Tech Salaries

#64

Post by geebee »

humanrebar wrote: post #53

The problem with straight-across cost-of-living adjustments is that they're only relevant when you're talking about a more-or-less zero savings rate. Assuming you can save 10% of your annual salary a year, you're better off living in higher cost-of-living areas, assuming all other things being equal. Then you are growing wealth (retirement funds, etc.) instead of just getting a more expensive lease for your car or ap…

That's a good point. It's also worth pointing out that percentages may not matter as much as absolute numbers.

As a contrived example: it's worse to spend 50% of your income on rent than 30%. But if you earn 200k a year and spend 50% of your income on rent, you still have $100k left over. If you earn 100K and spend 30% on rent, you have 70k left over.

Bummer to lose that much to rent, but if you can keep other costs down, you may still accumulate more money by living in the Bay Area.

Re: 2017 State of Global Tech Salaries

#65

Post by humanrebar »

r0m4n0 wrote: post #27

I have a much different cost of living equation supporting my decision to live in the bay. The big expense is obviously rent, which I'm sure they have represented... The average 1 bedroom in Austin around $1,000 and in SF let's say $3,300. Difference of $2,300 * 12 = $27,600. After that, that other $40,000 cost of living difference seems a bit of a stretch. In SF, my company buys breakfast, lunch, dinner and my trans…

> After that, that other $40,000 cost of living difference seems a bit of a stretch.

Admittedly doesn't apply to everyone, but childcare varies a lot with cost of living, especially since if all the grandparents are priced out of the city and all your friends are in tiny apartments, it's more likely that you'll need to pay big money for babysitting and such.

Re: 2017 State of Global Tech Salaries

#66

Post by asafira »

Stasis5001 wrote: post #48

Every article on salaries seems to really screw up two things. One is, salary is only a portion of total compensation. Which do they mean here? If you don't look at equity packages, my intuition is you're going to think SF sucks, since I think more companies there use stock incentives. I'm not sure anybody has good data on equity packages/total comp, and at the very least, it's not trivial even if you have that data,…

This right here.

I would love to read an article that addressed these in their analyses as well.

Re: 2017 State of Global Tech Salaries

#68

Post by [deleted] »

kcorbitt wrote: post #61
segmondy wrote: post #42

Earlier quoted context omitted.

What's your commute like? My friend that moved there who tries to convince me to move out there, has a 2hr one way commute. How many sq feet is your living space for you and your family?

My commute is a 15-minute walk, or 5-minute bike ride. :) I chose the apartment based on proximity to work -- could have saved $100-200/mo with a longer commute, but the savings would have been more than eaten up by the gas/car maintenance costs and I hate commuting. I still own a car, but don't use it to get to work. We live in a 680 sq ft one-bedroom apartment in an older development ($2200/mo). We'll have to upgra…

[deleted]

Re: 2017 State of Global Tech Salaries

#69

Post by CiPHPerCoder »

kcorbitt wrote: post #61
segmondy wrote: post #42

Earlier quoted context omitted.

What's your commute like? My friend that moved there who tries to convince me to move out there, has a 2hr one way commute. How many sq feet is your living space for you and your family?

My commute is a 15-minute walk, or 5-minute bike ride. :) I chose the apartment based on proximity to work -- could have saved $100-200/mo with a longer commute, but the savings would have been more than eaten up by the gas/car maintenance costs and I hate commuting. I still own a car, but don't use it to get to work. We live in a 680 sq ft one-bedroom apartment in an older development ($2200/mo). We'll have to upgra…

> We live in a 680 sq ft one-bedroom apartment in an older development ($2200/mo).

Whoa, that's almost double the estimated mortgage for the 5 bedroom houses with an acre of land my family has been looking at purchasing.

I'll never move to the SF Bay Area. I encourage others not to, either. Get the companies there to open up to remote employees instead.

Re: 2017 State of Global Tech Salaries

#70

Post by WhitneyLand »

kcorbitt wrote: post #37

This 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 le…

That's a tough argument to make that SF beats SLC in net savings.

You should try living with your family in a house with a backyard, it's quite enjoyable and could be pretty cheap over time if you see any appreciation.

Secondly there are a lot more taxes on a lot more things in SF, are you factoring that in?

Also I'd bet you are worth more than 105k in SLC if you looked around longer.

I love SF and it's great to live there for many reasons, but I don't think "cheaper than utah" is one of them.

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