180k Houston is equivalent to how much in SF?
How much an offer from Houston worth in terms of Bay Area TCs?
Is 180k an equivalent of 250-280 TC in SF?
(I'm about to start comparing competing offers from different companies, and relocation to any of the warmer states is totally fine for me. Texas, Arizona and Florida are great destinations weather-wise for me, I wonder how's it like in the Houston region?)
We have no kids, just me and my wife. Our plan for the next 2-3 years is to travel in South America and more of the Caribbean, and then start saving $ for a house. I'll need to be able to afford all the basics plus save a bit for the travels. I wonder what's best in my case, WDYT?
comments
So, $300k seems right.
Op can get a palace for a half a mill
15% higher living cost accounts for things other than housing, like groceries, restaurants and insurances.
I have family in houston and see how our 500k+ eng managers live.
First of all, a 400k house is at least like. $3M house here. And you live in the city of Houston. That house will have a pool and an inside like I've never seen in the bay area.
With kids, your good daycare is like $2500 for 2 kids. A decent one here is $3k per head ($6k for 2)
The taxes kill your money in the bay. And your lifestyle is nowhere near as good. No homeless having diarrhea in the street and your partner can afford to not even work.
If you want to be single and live with kids in an apartment. Then it's worth it 😄
https://www.redfin.com/TX/Houston/5206-Pebble-Way-Ln-77041/home/30669969?utm_source=ios_share&utm_medium=share&utm_campaign=copy_link&utm_nooverride=1&utm_content=link
Also they have flooding but it's not bad since people have insurance.
Texas is fun friendly so that might be a problem for you. Even though the milder rate is lower then Chicago, LA or NYC
If you’re in a 1m prop in tx. You’re paying 30k per year in prop tax. If you’re in a 1m prop in Sunnyvale purchased in the 70s you’re probably paying 2k
The money is not worth it
I wonder how's the beach there. Gotta visit one day to see the city.
300K in the Bay is over 195K in cash after 401K.
250K in the Bay would pay you 163K in cash after 401K
The numbers above are not ballpark, they are accurate from smartasset.com/taxes
Knowing your housing and other expenses you can do your own math.