11–20 of 428 posts
I don't know much about SF salaries, but in NYC, 100K is really middle class. With enrage rent at 2k/mo, salaries have to be high in order to keep up with cost of living. Everyone makes a huge deal about the number but shouldn't it be more of a ratio? Like the cost of living to base salary? That should be a better statistic to judge quality of life.
For a family of 4. That's the critical bit left out of the article title. 104k is low income for a family of 4, in some areas. Which makes sense when it's hard to find somewhere to live alone, in SF, even at 100k. Finding a place big enough for a family of 4 plus all the costs related to 4 humans? Not surprising in the least.
I don't know much about SF salaries, but in NYC, 100K is really middle class. With enrage rent at 2k/mo, salaries have to be high in order to keep up with cost of living. Everyone makes a huge deal about the number but shouldn't it be more of a ratio? Like the cost of living to base salary? That should be a better statistic to judge quality of life.
If I am able to save, and I move to make 2x in a place that costs 2x, I am saving 2x as much!
If I am stuck drawing down savings, and I make the opposite move, I have doubled my runway.
Wow, this resonates with me. In 2013 my wife and I were living in the Bay Area and had just welcomed our third child into the family. I was making 105k/yr at Apple (which seemed like a ton at the time!) but I felt like I was saving very little of that. I was approached on LinkedIn to take a job with matching pay but that was fully remote. I could live anywhere I wanted in the entire country. I jumped at the chance an…
Here in Boulder CO, the cutoff for "affordable" housing subsidies is ~80k for a family of four. 104k in the Bay Area seems about right.
https://www.nytimes.com/2016/07/04/business/how-anti-growth-...
Great place, and I understand not wanting sprawl, but... build up and in?
70k as a single income won't get you a flat in London in any reasonable time and you'll most certainly be renting forever on that kind if money in London. Even if its triple the average UK wage.
Location means everything.
Cue the standard responses about lack of development, rampant NIMBYism, Prop 13 and rent control. There's really nothing to add at this point. All of this is also why I really prefer living in NYC, which actually has the infrastructure for this sort of thing (meaning if you're a lower to middle income earner in the tri-state area you're not totally hosed like you are in the Bay Area).
what are your options then? legit curious
Wow, this resonates with me. In 2013 my wife and I were living in the Bay Area and had just welcomed our third child into the family. I was making 105k/yr at Apple (which seemed like a ton at the time!) but I felt like I was saving very little of that. I was approached on LinkedIn to take a job with matching pay but that was fully remote. I could live anywhere I wanted in the entire country. I jumped at the chance an…
Wow, this resonates with me. In 2013 my wife and I were living in the Bay Area and had just welcomed our third child into the family. I was making 105k/yr at Apple (which seemed like a ton at the time!) but I felt like I was saving very little of that. I was approached on LinkedIn to take a job with matching pay but that was fully remote. I could live anywhere I wanted in the entire country. I jumped at the chance an…
Just curious, as an engineer finding myself thinking along similar lines, where did you end up moving?
It can be such a rat race down there, it is refreshing to remember that it doesn't have to be that way. Life exists outside of The Valley, and it happens to be a pretty darn good one (and affordable!) :)