Earlier quoted context omitted.
> $50,000 in Fort Lauderdale is as good as $120,000 in the valley. No, it's really not -- it's actually more like $77,000[1]. With the bulk of the difference being driven by housing prices. And $77,000 is actually above the average salary for a SE in Ft. Lauderdale (according to Glassdoor: $73,000). [1] http://www.bankrate.com/calculators/savings/moving-cost-of-l...
So I'm in essentially this situation and I concur that my salary does not completely adjust to an SV/Bay Area salary. But there are also 3 things that do not seem possible at once despite the extra money which keep me from pursuing opportunities in tech hubs: I'm ~5 minutes from biking/hiking/outdoors, ~10 minutes from work, and have a house with a shop/garage. So far as I can tell if I were to move to a tech hub I m…
Almost anywhere else in the country, that $2200/mo will get you quite the spread; you can trade off between square footage, neighborhood, and commute time, but you're going to have very nice accommodations if you're willing to put that much money up. In SF, you're lucky if you can get a 1-bd for that, and LA is only slightly better.
While the price of goods doesn't fluctuate as much, housing is a HUGE factor. If you want something functional for a family of 4 (or if you just like a lot of space), you are going to be paying at least $4000/mo in these tech hubs, or living 60 min+ away.
Florida also has no income tax, v. California's rate between 7.5% and 13.3%. That is a big dent too.
One other note. If you have the skills, look for remote work in companies that pay rates that are higher than you get paid in your local market. It's a great way to make the COL differential work even more in your favor.
[0] http://sf.curbed.com/2016/3/30/11332920/rent-small-soma-micr...