Live data from Hacker News

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

news.ycombinator.com

51–60 of 74 posts

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

#52

Earlier quoted context omitted.

In Houston sr. devs(3+ years of experience if your driven, 7 if your not) are easily making 100k+. And most devs who are on hacker news could easily make 140k+.

I'll second the comment about $100k in Houston, though in general most of the jobs are in health care or energy, and you'll find yourself doing something like .NET or ColdFusion. I do think you overestimate the average skill level on HN though :-)

It's true. I write enterprise .NET for health care and energy companies :).

But you get to write some cool things. The last three things I built were

A system that takes sensor data from wells across the world, runs them through a physics engine, and displays those results to users across the world in real time.

A web app that lets users easily write complex queries to retrieve cancer tissue information across multiple departments in a large research institution.

An app to upgrade an entire codebase using a compiler to figure out the semantic meaning of different code snippets and transform them to the new version.

So it's not all boring :).

And I haven't met a mediocre dev who was familiar with Hacker News. Honestly I've thought about replacing my tech interviews with one question "Have you heard of Hacker News?"

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

#53
I live in San Francisco and have made 120k for the last year (just recently got a raise to 130k). I don't have a family to support, and live with friends renting a bedroom for 1600/mo in a 4br in Bernal Heights (I prefer to live with people, so not having a 1br apartment downtown helps a lot).

My take home is around 77k annually and I got about 1300 back from taxes last year. I eat out/go to bars a couple times a week, but mainly try to cook for myself. I have a few hobbies that eat money and I end up spending a couple hundred at least every month on them. I travel every 3-4 months, have gone to Seattle, NY, Vancouver, LA in the last year.

With all this I've still saved somewhere between 30-35k. I also bought a motorcycle with all the crap that comes with that (gear, insurance, parts, etc) in that period, so if I hadn't then I'd probably have another 8k or so.

I honestly make more than enough money to live comfortably and when I moved to the city I was only making 80k and my rent was the same. I still felt I had enough to live comfortably but I wasn't able to save nearly as much.

120k will be fine as a single person in SF. If you have a family maybe not.

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

#54
post #42

Earlier quoted context omitted.

I've lived in downtown SF for 5 years and as I type this visiting Nashville TN, as I am thinking about moving to Nashville. The biggest expenses to consider in SF besides the obvious housing costs: - Food + drink + groceries are way, way, way more expensive. There is no Walmart in the city. Get used to corner stores that charge a hefty premium. I miss Walmart and strip shopping malls. - Income taxes. Tennessee for ex…

Why not live in the suburbs of bay area (East Bay, for example), and quickly cut 30% of your housing costs? Obviously the commute sucks (I endure it daily), but it makes the numbers work. It boggles my mind that most software workers think that they have to live in SF. Bonus: There's Walmart and strip malls in the East Bay. :) Agreed with your other points though. Not having staate income tax is a huge bonus.

> It boggles my mind that most software workers think that they have to live in SF

Because they don't want to spend 6 hours a day commuting?

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

#55
post #44

Earlier quoted context omitted.

In Houston sr. devs(3+ years of experience if your driven, 7 if your not) are easily making 100k+. And most devs who are on hacker news could easily make 140k+.

"And anyone who is on hacker news could easily make 140k+" If only it were that easy.

You're right, not everyone, but last time I talked to a recruiter they said good .NET tech leads were making 140k-160k, and 6 month contract gigs were paying 60-90/hr.

The good devs I know are all making 120k-150k while the mediocre devs I know with 5+ years of experience are making 100k+.

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

#56
post #50

Interesting comments but curious to know from the perspective of racism and related issues. As an Immigrant from India, and Living in California (for over 10 years) at this time seems to be best bet from that perspective. With expanding family, I have been contemplating a lot to move outside of CA for cost saving but thoughts about racial issues plaguing the country just makes me nervous.

Did you experience it yourself? I haven't heard many reports about racial violence against Indians.

As a white person, I occasionally experienced verbal aggression from Black people (didn't talk back, so it ended that way). I think the other way round is more or less a taboo these days.

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

#57
post #43
post #42

Earlier quoted context omitted.

Why not live in the suburbs of bay area (East Bay, for example), and quickly cut 30% of your housing costs? Obviously the commute sucks (I endure it daily), but it makes the numbers work. It boggles my mind that most software workers think that they have to live in SF. Bonus: There's Walmart and strip malls in the East Bay. :) Agreed with your other points though. Not having staate income tax is a huge bonus.

OOC, what's your daily commute in total hours spent on the road, and what does it cost you monthly?

I drive 22mi across hwy 92 to work.

44mi x $.535/mi[1] + $5 bridge toll = $28.54 per day to commute to work.

That's $~628/mo all-in to commute via car. My additional housing costs in the peninsula would easily be more than that for equivalent housing (2br SFH).

Commute is typically 40m-1:10 to work and 28m-1:10 back, depending on when I leave (and time of year). I normally head to the gym after work which means I skip the heaviest traffic on my way home.

Averaged, commutes are 40m each, which was my door-to-door time when I used to commute to the city via Bart (admittedly, not as pleasant).

[1] Based on IRS mileage rate.

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

#58
Hey, I was in a similar situation 2 years ago when I had a similar offer from one of Facebook, although in the high-cost European city of London. Pros:

- you will learn a lot at these companies

- you will work with very smart people, which is a great experience

- your expectations (toward yourself, your peers, the product you're working on) will be torn apart and recalibrated at a much higher level, which is a good thing

- working on products that are used by 100s millions / billions of people is a positive human experience because you're helping give people services that improve their lives (buying books so they can learn to program, building products so they can keep in touch with their loved ones, helping them find information on the web, etc.)

But, keep in mind:

- these are big companies, so the peopleware is slow: getting promoted takes time and depends on a myriad of factors outside your control; don't _count_ on it [in the first 2 years]

- the signing/relocation bonus won't be around in year#2, so dependending on how much of a refresher you get, you could make less in year#2

- stock prices fluctuate! it could go down 30% (as well as up 70%) in the next 9 months; as a rule of thumb, make sure your base salary covers living expenses

- as a rule of thumb, assume your refresher grant will be 1/2 of the initial stock grant, and has the same vesting schedule; use Quora to get more details on your specific company, or ask a friend who works there

- be sure to use the correct tax rates (also for stocks) when net'ing the offer numbers (look out for federal and state taxes, income vs cap.gains)

- if you're a software engineer, the offer numbers seems a bit low vs your 20 years of experience for SV, esp. the stock part

--- either this company pays less than others or they're under-leveling you

--- if you care, ask your recruiter what level they put you at

--- there's rational reasons for these big tech companies to under-level people with lots of experience, which is that they have their own internal stack and ways of doing things, plus they're very good at spinning people up in their bootcamp programs, so they don't care _that_ much about prior experience

- if you take the offer, you will probably soon meet people at the company (or in SV) who are doing roughly the same job as you are, are a _lot_ younger, but have _significantly_ better packages because they had better signaling (went to top uni, had competing offers); depending on who you are, this may end up bothering you

Another thing to consider: many of these companies also have offices in the US, but outside of SV, eg. Seattle, Washington, Texas, NYC, where I believe they offer roughly the same packages, but cost of living / commutes are much more reasonable.

Good luck!

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

#59

Unfortunately, you're not going to get an exact answer here, because everybody's lifestyle is slightly different. However, you can guess what's going to be the big changes in your budget. I think there will be 4: 1) Your take-home pay will change. Use a calculator for you exact number, but according to [1], a single person will take home about $6,400 / month. 2) Unless you live in Manhattan, your rent will dramatical…

Slight tangent, but my wife and I hated the weather in the Bay Area. The lack of seasons was disturbing on a subconscious level for someone who grew up with them. OTOH, if you like constant 70-80's with sunshine, you'll probably be fine.

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

#60
post #43

Earlier quoted context omitted.

OOC, what's your daily commute in total hours spent on the road, and what does it cost you monthly?

I drive 22mi across hwy 92 to work. 44mi x $.535/mi[1] + $5 bridge toll = $28.54 per day to commute to work. That's $~628/mo all-in to commute via car. My additional housing costs in the peninsula would easily be more than that for equivalent housing (2br SFH). Commute is typically 40m-1:10 to work and 28m-1:10 back, depending on when I leave (and time of year). I normally head to the gym after work which means I ski…

Oh gosh, that's a cakewalk of a commute. Thanks for the details!
Post reply on HN