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San Francisco

antirez.com

11–20 of 267 posts

Re: San Francisco

#11

Is it a common experience that, as a single person in SF, you'd make $100K and end the year without any money saved? I'm not asking with any judgment or critique implied. I'm genuinely curious if that's normal in SF.

I don't know if it's common, but it is definitely possible to save money while making 100k in SF.

Re: San Francisco

#12

Is it a common experience that, as a single person in SF, you'd make $100K and end the year without any money saved? I'm not asking with any judgment or critique implied. I'm genuinely curious if that's normal in SF.

You can certainly save money if you make that much living in sf. Your take home would be about 65k. A very nice apartment shared with one roommate should not cost more than 2k a month, leaving you with 40k for food, entertainment, and travel. If you can't save some of this that is a comment on your priorities, not the fundamental difficulty of living in sf.

Is your estimate of 65 including state (10%) and city (1.5%) taxes?

Re: San Francisco

#13
post #5

> The coffee is very different than the Italian one I've heard this many times :) His point about SF lacking children is very very accurate. SF basically forces people with families out because its so expensive and the school situation is bad (your kids don't get to go to the neighborhood school). One of these days SF will wise up and at least fix the school problem, but until then the peninsula will get families and…

"Dual Income, No Kids" (I had to look it up)

Re: San Francisco

#14
post #5

> The coffee is very different than the Italian one I've heard this many times :) His point about SF lacking children is very very accurate. SF basically forces people with families out because its so expensive and the school situation is bad (your kids don't get to go to the neighborhood school). One of these days SF will wise up and at least fix the school problem, but until then the peninsula will get families and…

Not a great place for raising a family: expensive, bad schools, disfunctional government, drugs on streets, and lots of crazies[1]. Pretty much everyone I have ever know who had kids in SF moved away within a few years.

The demographics always reminded me of China where you did not see as many girls because of the one child policy. In SF children of both sexes (10% of population) are just missing:

   Persons under 18 (2010 Census)
   US 23.7% [2]
   SF 13.5% [3]
[1] http://www.youtube.com/watch?v=Pse50YZsyck [NSFW: male nudity & mild violence]

[2] http://quickfacts.census.gov/qfd/states/00000.html

[3] http://quickfacts.census.gov/qfd/states/06/06075.html

Re: San Francisco

#15
post #7

Is it a common experience that, as a single person in SF, you'd make $100K and end the year without any money saved? I'm not asking with any judgment or critique implied. I'm genuinely curious if that's normal in SF.

Yes. Taxes are pretty high, so making $100k w/ benefits, you take home roughly $63k/yr. Then factor in rent and utilities: 1br ($2500+/mo), 2br w/ roomie ($1800+/mo), 3br w/roomies ($1500/mo). So let's assume 2br. You walk away with around $40k/yr. Then take out transport, cell phone, random monthly bills like student loans, etc and you're down to $28k disposable. Take out food and random living expenses and you don'…

28k for food and random living expenses is a lot of money unless you are eating out for every meal; that's more that some people's entire paycheck (like grad students.) If you can't make room for savings in there, it definitely shows a lack of priorities.

Re: San Francisco

#16
post #7

Earlier quoted context omitted.

Yes. Taxes are pretty high, so making $100k w/ benefits, you take home roughly $63k/yr. Then factor in rent and utilities: 1br ($2500+/mo), 2br w/ roomie ($1800+/mo), 3br w/roomies ($1500/mo). So let's assume 2br. You walk away with around $40k/yr. Then take out transport, cell phone, random monthly bills like student loans, etc and you're down to $28k disposable. Take out food and random living expenses and you don'…

28k for food and random living expenses is a lot of money unless you are eating out for every meal; that's more that some people's entire paycheck (like grad students.) If you can't make room for savings in there, it definitely shows a lack of priorities.

It's twice the typical grad student pay check. (Ignoring the tuition/healthcare coverage you normally get, anyway.)

Re: San Francisco

#17
post #7

Is it a common experience that, as a single person in SF, you'd make $100K and end the year without any money saved? I'm not asking with any judgment or critique implied. I'm genuinely curious if that's normal in SF.

Yes. Taxes are pretty high, so making $100k w/ benefits, you take home roughly $63k/yr. Then factor in rent and utilities: 1br ($2500+/mo), 2br w/ roomie ($1800+/mo), 3br w/roomies ($1500/mo). So let's assume 2br. You walk away with around $40k/yr. Then take out transport, cell phone, random monthly bills like student loans, etc and you're down to $28k disposable. Take out food and random living expenses and you don'…

$70 a day for “food and random living expenses” is far from not having much left, particularly after your $12K for “transport, cell phone, random monthly bills like student loans” which is pretty generous. Sure, you can definitely spend that much but it's not like you need to have every single meal at a nice restaurant, go to bars every night, etc.

Re: San Francisco

#18
post #14
post #5

> The coffee is very different than the Italian one I've heard this many times :) His point about SF lacking children is very very accurate. SF basically forces people with families out because its so expensive and the school situation is bad (your kids don't get to go to the neighborhood school). One of these days SF will wise up and at least fix the school problem, but until then the peninsula will get families and…

Not a great place for raising a family: expensive, bad schools, disfunctional government, drugs on streets, and lots of crazies[1]. Pretty much everyone I have ever know who had kids in SF moved away within a few years. The demographics always reminded me of China where you did not see as many girls because of the one child policy. In SF children of both sexes (10% of population) are just missing: Persons under 18 (2…

The census citation is pretty incredible indeed... About schools, that's something you could never tell just looking at the city that seems very civilized, and this usually correlates with quality of schools. I hope there will be efforts to fix that in the future.

Re: San Francisco

#19
post #14
post #5

> The coffee is very different than the Italian one I've heard this many times :) His point about SF lacking children is very very accurate. SF basically forces people with families out because its so expensive and the school situation is bad (your kids don't get to go to the neighborhood school). One of these days SF will wise up and at least fix the school problem, but until then the peninsula will get families and…

Not a great place for raising a family: expensive, bad schools, disfunctional government, drugs on streets, and lots of crazies[1]. Pretty much everyone I have ever know who had kids in SF moved away within a few years. The demographics always reminded me of China where you did not see as many girls because of the one child policy. In SF children of both sexes (10% of population) are just missing: Persons under 18 (2…

Sounds like London, UK where I currently reside with three children...

Expensive: check. Bad schools: check. Disfunctional government: check. Drugs on streets: check. Lots of crazies: check.

The thing I hate is that people wouldn't piss on you if you were on fire.

Going to move out to the countryside I think...

As for the nutter on BART, I got urinated on whilst on the tube in London .... twice. And no I was not on fire :)

Re: San Francisco

#20
I enjoyed reading this as I'm planning on visiting CA next summer with my wife and son. I wanted to look at Palo Alto etc and consider emigrating there. If he and the other commenters on this thread are right and the schools suck, there's not a lot of families and the cost of living is really that high, it probably won't be a good idea.
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