What Can You Expect to Earn in the Valley?
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What Can You Expect to Earn in the Valley?
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Re: What Can You Expect to Earn in the Valley?
#2Whats with all the democrats, welfare, high taxes, high .gov spending (city managers, firemans, state troopers make more than $150K with lifelong health and retirement).
such a beautiful location. If it were some other state people would have abandoned it long time ago. Most of the companies are moving to OR, WA or Utah/AZ, NV(?).
I guess the UoC university system helped so far, but with high tuition increases and funding cuts, i doubt it will survive this time,
Re: What Can You Expect to Earn in the Valley?
#3According to the "salary buying power" section, Silicon Valley's cost of living is 23% higher than that of NYC. Having lived in both, I'd be very surprised if that's not actually the wrong way around.
Re: What Can You Expect to Earn in the Valley?
#4(Blogspam—original source[1].)
> Average salary: Software engineer, Java/Web developer, ...
Java developer and Web developer are two very different job descriptions, and are not necessarily mutually exclusive—I'm guessing that's why there's such a disparity between the US-national median and Silicon Valley median salaries for it.
Re: What Can You Expect to Earn in the Valley?
#5According to the "salary buying power" section, Silicon Valley's cost of living is 23% higher than that of NYC. Having lived in both, I'd be very surprised if that's not actually the wrong way around.
NYC to most people includes all the bureaus and sometimes even Jersey City, etc. There are lots of more affordable options (e.g. Astoria) than downtown Manhattan, whereas such options do not exist in Silicon Valley.
Re: What Can You Expect to Earn in the Valley?
#6According to the "salary buying power" section, Silicon Valley's cost of living is 23% higher than that of NYC. Having lived in both, I'd be very surprised if that's not actually the wrong way around.
NYC to most people includes all the bureaus and sometimes even Jersey City, etc. There are lots of more affordable options (e.g. Astoria) than downtown Manhattan, whereas such options do not exist in Silicon Valley.
Yep, I'd say most creatives live in Brooklyn due to affordability. Over here, would an equivalent be Oakland?
Re: What Can You Expect to Earn in the Valley?
#7These stats are outrageous and the presentation is misleading:
1) Please do not go thinking that $7.5B in VC deals * 46% are seed/series A = ~$3.2B in seed money. The bulk of that money is skewed upward to the other 54%. If we assume the average size of a deal in the 46% is around $300k (since series A rounds are more and seed rounds are less), then you get about a $100M market for early-stage investments.
2) The section titled "Average Salaries in the Valley" is actually a graph of median salaries. It worries me that the infographic uses the terms "average" and "median" interchangeably, though at least they chose the better statistic for the chart. They also make no mention of stock options or equity that you get with those salaries, so it's not really a total compensation number.
3) The buying power part is completely off base. Having lived in San Diego for 3 years before moving to Palo Alto, I can definitely say I would rather make $92k here than $59k in SD. I imagine they are including all of San Diego County, which is huge and has vast differences in quality of life. Compare that to Silicon Valley, which is generally nice everywhere you go. If you're living in a comparable part of San Diego, I would imagine you are looking at no more than a 10% difference, tops.
4) The cost of housing is also ludicrous. Either the average is getting skewed because of some super expensive listings or they are simply talking about the average price of a lease. I just moved out of a 5 bedroom house in Palo Alto which cost $3300/mo. I was paying $650/mo for my room, which is about $150 less than what I was paying to live in UTC in San Diego and about half the cost of a beach-front apartment rental there.
In summary, there's lies, damned lies, and statistics. Just move here. You'll be glad you did.
Re: What Can You Expect to Earn in the Valley?
#8According to the "salary buying power" section, Silicon Valley's cost of living is 23% higher than that of NYC. Having lived in both, I'd be very surprised if that's not actually the wrong way around.
NYC to most people includes all the bureaus and sometimes even Jersey City, etc. There are lots of more affordable options (e.g. Astoria) than downtown Manhattan, whereas such options do not exist in Silicon Valley.
If you're willing to include the kind of 60-minute commutes that New Yorkers living in outlying areas have, you can live in all sorts of cheap satellites of SV too, depending on where in the valley your job is. For example, if you work in Cupertino, you can live in Gilroy; for other parts of the valley, you can live in Livermore. There are also cheap parts of the southern East Bay that are pretty nearby.
Even the central part of SV is quite cheap compared to NY for some living profiles. Buying a house is expensive, but renting one is relatively cheap. Going rate for a 2-bedroom house in a tract development in Santa Clara is maybe $1500/mo, while even out in Queens you're not going to find a house at $1500/mo.
I'm not sure where they got the $2250/mo average apartment price from; that seems high. Perhaps it's skewed as a mean, by a few really high-end apartments? It'd be interesting to see how the median compares.
Re: What Can You Expect to Earn in the Valley?
#9According to the "salary buying power" section, Silicon Valley's cost of living is 23% higher than that of NYC. Having lived in both, I'd be very surprised if that's not actually the wrong way around.
Completely agreed! I moved from the Bay area to NYC last year and was pretty shocked at how cheap the Bay area was (in relative terms).
Re: What Can You Expect to Earn in the Valley?
#10[deleted]