121–130 of 284 posts
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…
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While I struggle generally to discern what you're trying to say, I'm particularly befuddled by what "MD" refers to here.
My point is basically this: the average is being extremely skewed by survivorship bias, namely, White and Asians who attended elite schools. I assert that getting the salaries noted in the article is especially unlikely if you're on the other end of the spectrum: Women and minorities from non-elite schools. MD means medical doctor. Wages among doctors are far more predictable.
I wonder what India would be like - not as high wages, but the most expensive apartments in bangalore are like $700 a month.
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…
You should try living in a cabin in the woods. Way cheaper plus you get fit from chopping up firewood for the winter. Obviously only a fool would live in a city in Utah when they could live in rural Alaska for cheaper!
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Yes. Urban areas are typically more expensive than rural areas. Maybe if urban residents stopped subsidizing unsustainable rural living, this price gap would shrink.
>Maybe if urban residents stopped subsidizing unsustainable rural living What do you mean?
...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
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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.
Wow, I found a 20 bedroom house in rural Somalia that's half that price.
I'll never move to Florida and encourage others not to, either. Get the people there to move somewhere cheaper instead.
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My point is basically this: the average is being extremely skewed by survivorship bias, namely, White and Asians who attended elite schools. I assert that getting the salaries noted in the article is especially unlikely if you're on the other end of the spectrum: Women and minorities from non-elite schools. MD means medical doctor. Wages among doctors are far more predictable.
Nothing is keeping women and minorities out of tech, they're just choosing different careers.
London. 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.
I think that's too pessimistic. With less than 5 years experience, and having made some less-than-optimal career decisions, I've got about £45,000 total compensation. (Central Belt, Scotland)