130k base plus 10 perecnt bonus in austin is this once in a lifetime opportunity

Barclays PLC cbolayer
Sep 15 24 Comments

I have 4 yoe based in nyc and I’m a big data engineer. I’m feeling iffy about moving down to austin but if this is a once in a lifetime opportuntity,I’ll take it. What do you guys think?

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TOP 24 Comments
  • Facebook phql2379
    Are you implying once in a lifetime because of comp? That isn’t exceptional so I wouldn’t relocate over it. Austin is going to be a huge adjustment from NYC so I wouldn’t chase the $$$ unless you’re all in on the city
    Sep 15 9
    • LinkedIn fprjdifek
      Ignore those cost calculations. It's buying a house is way easier in Austin for sure. But if you're renting then 3000 in NYC vs 1500 in Austin, that's just 18k post tax a year.
      Sep 15
    • Indeed inderd
      $1600 for a 1 bedroom is a really nice luxury apartment in Austin. You can find average 1 bedroom around $1000-$1200
      Sep 15
    • FanDuel / Data sucksuck
      Austin is fantastic, and if it is for something like Indeed then go for it. I went on tour to sxsw from nyc a few years ago and loved it. Also someone mentioned a house and I agree your mortgage will be cheaper than your rent here in nyc, and idk if they have a city tax like we do either.
      Sep 15
    • LinkedIn fprjdifek
      Fine $1000 a month, still nothing close to the 120k difference in pay. The primary thing is just that you can't buy a house. Eating out and groceries may be 10-20% more expensive, but besides that it's not that big of a difference for day to day costs.
      Sep 15
    • Indeed inderd
      Also NYC state income is like 6.5%
      Sep 15
  • Compass
    FUPayMe

    Compass

    PRE
    Google
    FUPayMemore
    Austin is dope
    Sep 15 0
  • Deloitte / Consultant REDt34
    No State taxes is also something to consider!
    Sep 15 0
  • Intel intc56
    For 4yoe, it’s pretty good for Austin.
    Sep 15 0
  • Google lkd
    Hardly to say it’s once in a life or not as no one knows how your life looks like. For example, it shows 80th percentile in Austin is 120k. So if you are the 80% people, likely it is.
    Sep 15 2
    • Barclays PLC chocolatx
      I’m making 135k in nyc paying 1400 in rent(2800 split with roommate). No car.
      Sep 15
    • Google lkd
      It depends a lot on your potential as well. Austin has less opportunity than NYC in general.
      Sep 15
  • LinkedIn Wiener
    TC?
    Sep 15 1
  • Microsoft tiotio
    At which company/role
    Sep 15 1
    • Barclays PLC cbolayer
      OP
      Idk if it’s risky to divulge all that lol but it’s an Austin based consulting company(Glassdoor 4.5 stars)and I’d be a senior data engineer
      Sep 15
  • Google m6r4
    If you were getting a raise to move to Austin I'd say go for it, but I don't know if I'd take a cut to do it (from NYC). Austin is a fun place to live but you are coming from NYC!

    I might do it if I was simply over NYC and wanted something less crazy. I could also see if it you really want to own property. (I might ask "why?", but I know some people on here get into that). But just for CoL alone it doesn't really make sense. Austin isn't that cheap, you will need a car, and travel will be notably more expensive.

    A better option might be to keep looking in Austin.. try to land FAANG or maybe Indeed and get 200k+. 135k in NYC to 200k in Austin would feel like a huge raise. 135k to 143k not so much.
    Sep 16 0
  • Hortonworks
    qwK8h2xz

    Hortonworks

    PRE
    VersionOne
    qwK8h2xzmore
    This is not a once in a lifetime opportunity. It can happen every year at that salary.
    Sep 15 0
  • Lyft / Eng n00b0
    It's pretty decent. You'll actually be able to buy a house pretty quickly. I wouldn't exactly call it "once in a lifetime" unless your current opportunities are not good.
    Sep 15 0
  • Oracle / Eng sweEng
    The nerdwallet comparison is mainly due to the cost to buy a similar sized house in both cities.
    If you are single or even married with no kids you would most likely stay in an apartment. When time comes to settle down with family and kids you can move to Austin. That's what most of the Bay Area folks are doing.
    Only other thing you can consider is, Austin real estate is moderately priced now but it might appreciate more by the time you move. But if you are confident that you will make up that loss sufficiently by earning/saving more in NYC, then do so. My 2 cents...
    Sep 15 0