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Earlier quoted context omitted.
Not necessarily true, i know entry level engineers earning well above $100k in the Bay Area who are barely getting by because they are paying $5-$6/mo in rent alone which is post-tax.
Unless these entry level engineers have families, there's no good reason to be paying $5-6k a month for rent, you can easily find a decent place of your own for under $4k, even $3k if you're patient.
Come to Salt Lake City. We even have absurd branding to lure you "silicon slopes!" There are a few SF organizations with satellite offices here. I've worked for one, have friends working for others. It's a pretty decent arrangement. You can get a team setup here for the cost of a single employee in the bay (especially when you factor in real estate.) Hell, maybe more. Shit, some of us will take pay cuts to avoid work…
Earlier quoted context omitted.
But the salary differential between top engineer in the Bay Area vs. top engineer in the Midwest is more like 2-3x than 10-15x.
OK, it's not 2-3x. Especially if we're talking salary. Salary for a top individual contributor engineer in the Bay Area (full stack), outside of specific skillsets like ML/AI, will top out around $200k. Midwest, someone with the same skillset would probably make $125-150k.
Why is this happening? (a) Lot of companies are opening up offices in India and willing to pay higher to set up the team quickly; (b) The VC finding scenario is as crazy as it exists in Silicon Valley. SoftBank is a global firm :)
It’s not as straightforward to build a 10x engineering team in India. Sure, it’s probably cheaper than Bay Area but you need to consider the overall cost of communication, speed of process, especially for a startup.
Earlier quoted context omitted.
Unless these entry level engineers have families, there's no good reason to be paying $5-6k a month for rent, you can easily find a decent place of your own for under $4k, even $3k if you're patient.
As someone living in the Midwest, those numbers are mind-boggling.
Earlier quoted context omitted.
Unless these entry level engineers have families, there's no good reason to be paying $5-6k a month for rent, you can easily find a decent place of your own for under $4k, even $3k if you're patient.
As someone living in the Midwest, those numbers are mind-boggling.
Earlier quoted context omitted.
Unless these entry level engineers have families, there's no good reason to be paying $5-6k a month for rent, you can easily find a decent place of your own for under $4k, even $3k if you're patient.
As someone living in the Midwest, those numbers are mind-boggling.
my total monthly expenses are roughly 3500/month so I am able to save almost 50% of my post tax income.
Come to Salt Lake City. We even have absurd branding to lure you "silicon slopes!" There are a few SF organizations with satellite offices here. I've worked for one, have friends working for others. It's a pretty decent arrangement. You can get a team setup here for the cost of a single employee in the bay (especially when you factor in real estate.) Hell, maybe more. Shit, some of us will take pay cuts to avoid work…
Edit: fixed punctuation