Debunking the myth of higher pay in Silicon Valley

The maths only works in Waterloo's favour if you're single and want to live on your own. If you're a couple, and consequently have two incomes instead of just one, you're better off to the tune of about $150,000 a year living in the Bay Area. You could get the same benefit just by sharing the two bedroom apartment with someone. That's not a great advert for Waterloo.