Ask HN: How much do you save in the SF Bay Area with $120k salary?

#1

Post by symbolepro » Thu, Aug 24, 2017, 2:13 AM UTC

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Re: Ask HN: How much do you save in the SF Bay Area with $120k salary?

#2

Post by maxwin » Thu, Aug 24, 2017, 4:15 AM UTC

would be curious to know take home pay (120k minus tax) as well

Re: Ask HN: How much do you save in the SF Bay Area with $120k salary?

#3

Post by RickS » Thu, Aug 24, 2017, 4:19 AM UTC

maxwin wrote: post #2

would be curious to know take home pay (120k minus tax) as well

take home at 130 was almost exactly 3k/check

housing ate 48% of my monthly income

Re: Ask HN: How much do you save in the SF Bay Area with $120k salary?

#4

Post by jcims » Thu, Aug 24, 2017, 4:22 AM UTC

I'm going crazy trying to sort through this. Got a job offer with one of the big bay area companies. $140K base + bonus/stock to get to $210K. Doesn't seem like enough to move my family there from the midwest, so I'm about to say no because I can't make it work (while saving for retirement/paying for college/etc) on $200K per year? WTF?

Re: Ask HN: How much do you save in the SF Bay Area with $120k salary?

#5

Post by isuckatcoding » Thu, Aug 24, 2017, 4:24 AM UTC

jcims wrote: post #4

I'm going crazy trying to sort through this. Got a job offer with one of the big bay area companies. $140K base + bonus/stock to get to $210K. Doesn't seem like enough to move my family there from the midwest, so I'm about to say no because I can't make it work (while saving for retirement/paying for college/etc) on $200K per year? WTF?

Just curious. How many years of experience do you have?

Re: Ask HN: How much do you save in the SF Bay Area with $120k salary?

#6

Post by RickS » Thu, Aug 24, 2017, 4:25 AM UTC

jcims wrote: post #4

I'm going crazy trying to sort through this. Got a job offer with one of the big bay area companies. $140K base + bonus/stock to get to $210K. Doesn't seem like enough to move my family there from the midwest, so I'm about to say no because I can't make it work (while saving for retirement/paying for college/etc) on $200K per year? WTF?

you're not crazy. i have tried to come up with a scenario that would let SF match the material wealth I have in seattle for less than 300k/year (2x increase), but to no avail. It's just not a sensible place to have a family.

Re: Ask HN: How much do you save in the SF Bay Area with $120k salary?

#7

Post by justbaker » Thu, Aug 24, 2017, 4:28 AM UTC

RickS wrote: post #3

maxwin wrote: post #2

would be curious to know take home pay (120k minus tax) as well

take home at 130 was almost exactly 3k/check housing ate 48% of my monthly income

This is why I'm going to Southern California in the future rather than the Bay Area. Still, housing in California..

Re: Ask HN: How much do you save in the SF Bay Area with $120k salary?

#8

Post by jcims » Thu, Aug 24, 2017, 4:30 AM UTC

isuckatcoding wrote: post #5

jcims wrote: post #4

I'm going crazy trying to sort through this. Got a job offer with one of the big bay area companies. $140K base + bonus/stock to get to $210K. Doesn't seem like enough to move my family there from the midwest, so I'm about to say no because I can't make it work (while saving for retirement/paying for college/etc) on $200K per year? WTF?

Just curious. How many years of experience do you have?

I'm a dinosaur. 20 yrs in my industry.

Re: Ask HN: How much do you save in the SF Bay Area with $120k salary?

#9

Post by jcims » Thu, Aug 24, 2017, 4:33 AM UTC

RickS wrote: post #6

jcims wrote: post #4

I'm going crazy trying to sort through this. Got a job offer with one of the big bay area companies. $140K base + bonus/stock to get to $210K. Doesn't seem like enough to move my family there from the midwest, so I'm about to say no because I can't make it work (while saving for retirement/paying for college/etc) on $200K per year? WTF?

you're not crazy. i have tried to come up with a scenario that would let SF match the material wealth I have in seattle for less than 300k/year (2x increase), but to no avail. It's just not a sensible place to have a family.

Exactly. If I saw a path to $300K in the next 2-3 years I'd probably just gut it out, but nobody is going to make a commitment like that to me, sooo.

Re: Ask HN: How much do you save in the SF Bay Area with $120k salary?

#10

Post by orange_county » Thu, Aug 24, 2017, 4:35 AM UTC

justbaker wrote: post #7

RickS wrote: post #3

Earlier quoted context omitted.

take home at 130 was almost exactly 3k/check housing ate 48% of my monthly income

This is why I'm going to Southern California in the future rather than the Bay Area. Still, housing in California..

Housing is still expensive in socal with lower salaries. Anything in California is a bad deal in my opinion.