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I've been working remotely from the Bay Area, and just moved from the Bay Area to Colorado.
My company just sent me a letter which reduces salary from 200 to 150. That's like $40,000 or a 20% decrease.
Is this a normal cost of living reduction? Is that bay are that expensive?
They will get the EXACT same value from your work - WHILE paying you less.
It would be very interesting to include this data on the various salary sites.
I'm not going to address whether paying workers less for the same job when they live in different areas is appropriate, but if you are willing to go along with the premise that it is than the reduction from 200k to 150k isn't out of the question for the areas involved. You didn't give exact areas but I put San Francisco and Denver into 5 different online cost of living calculators. Denver tended to be the most expens…
I calculated rent alone was 20k less. So that might make sense.
Still feels weird to be doing the same job for less money.