Nope. That's why the
no dependents part is essential. If you are single and willing to live with roommates, you will be able to navigate the "high cost of living" pretty successfully.
I'm living quite comfortably in San Francisco and spending a fraction of what I was spending in Texas. Why?
- No car. No gas. No upkeep. No payments. No insurance. No inspections. No car.
- Roommates. I HATE living alone so this was a no-brainer. If you insist on having your own place, then yeah it's probably going to sting. If not you can often find good deals.
- Food. A tech job often provides free or free-ish food. Plus I can get reasonably-priced staples at the market on the corner of my block. The culture here makes it much less likely I'll spend $400/mo at Olive Garden, Chili's, and The Red Lobster.
- Stuff. Don't need much. When I was in Texas I lived FAR away from anyone who really shared my geeky interests. I'm surrounded by them here. I simply don't have the urge to buy so much stuff to keep me occupied. I have the stuff I need and I spend most of my time doing things with people. These things are often free. Speaking of which...
- "funcheap". SF is famous for this (as is NYC). You can ALWAYS find cool stuff to do that costs little or no money. You can also, of course, find stuff that costs a lot of money. It's your choice, day by day.
Now if I couldn't stand to live with roommates or had a family to support, this would be a whole different story. Also, "high cost of living" really means $$$/sq ft vs $$/sq ft. It IS outrageous in places, but I'm much happier in my apartment with 1 bedroom to myself than I was in a 2600 square foot house in Texas. So yes, price per square foot is going to hurt on paper, but if "size doesn't matter", you might end up paying less by actual dollars.
Your mileage may vary, of course, but I'm pretty passionate about this since I stuck around in places that weren't right for me a lot longer than I should have... simply because I let popular rhetoric convince me that only dot com millionaires could afford to live in the Bay Area. They were wrong, and I was a fool for listening to them instead of exploring it for myself. Don't make my mistakes.