Earlier quoted context omitted.
sounds like you're in bham or atl? and you're right. i know numerous talented engineers in the south who you can pay less and get as good or better of a job done than a FAANG engineer. tbh i might be biased towards a non-FAANG engineer. them southern devs be scrappy.
Why should I (in NOLA) take a salary that I got as a team lead 10 years ago on the West Coast?
I try not to think about it in terms of total compensation, but of marginal income (net income - cost of living).
My taxes here are lower, and my cost of living is much lower. I own a 5-bedroom home on half an acre that I paid $125k for. My mortgage is $850 / month. My entire monthly expenditures, including food and such, are around $3,500.