A different approach to evaluating compensation

New / Data SHWP00
Jul 6 18 Comments

Comparing numbers doesn’t give you a good idea of actual compensation. Instead of posting your actual salary/compensation package, why not include cost of living, average cost of a 3 bedroom/2 bath house (average accommodation for a family in most areas), or even just the cost of a gallon of gasoline. For instance, I’m in the top 5% in my area in terms of salary. However, I’m in the bottom 5% compared to most people on here. I’m extremely happy with my compensation as the standard cost of living around here is very low. The house mentioned above would be about 1.5 years worth of my salary (+/- 10%). I’m sitting at nearly 4x the average salary of my area.

Just food for thought. The number doesn’t mean much without the extra comparisons. It might also help other people evaluate potential jobs in your area.

Edit:

TC: $83k
Texas Panhandle
YOE: 5
***Average cost of a 3 bd/2 bath: $115,000***

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TOP 18 Comments
  • Goldman Sachs / Eng BePostive
    What’s your TC? Where do you live? How many YOE?

    Please help others evaluate jobs in your area!
    Jul 6 10
    • New / Data SHWP00
      OP
      Edited to include relevant info.
      Jul 6
    • Amazon PunjabiK
      Panhandle. That must be very remote place. Redfin says it’s not available there
      Jul 6
    • New / Data SHWP00
      OP
      So there’s a town named Panhandle, but I live in Amarillo.
      Jul 6
    • Amazon PunjabiK
      Not available there either. I’m sure social life sux there ?
      Jul 6
    • New / Data SHWP00
      OP
      It really isn’t terrible. We used to be known for the most strip clubs per capita in the US about 7 years ago, but not anymore. It’s not a bad area.
      Jul 6
  • Google emc2too
    Op makes so much more than me.
    Jul 6 4
    • New / Data SHWP00
      OP
      You work for Google? I figured they would have higher compensation packages. Are you out on the west coast or somewhere else?
      Jul 6
    • Google emc2too
      West cost. Your income measured in housing you can buy is higher than mine.
      Jul 6
    • New / Data SHWP00
      OP
      Gotcha. That’s actually my point. It’s easier to compare compensation/jobs with a little more information.
      Jul 6
    • Google emc2too
      Ack
      Jul 6
  • New
    ͏

    New

    PRE
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    Ideally, if ease of reporting wasn’t an issue, instead of units of $ we would do units of $yrs where $yr is the yearly cost of living in your area.

    So:
    240k TC in Bay Area with 3k rent, 1k expenses = 240/48 $yrs = 5$yrs
    —And—
    105k TC in Texas with 750 rent, 1k expenses = 105/21 $yrs = 5$yrs
    Jul 7 0
  • Amazon I5swfi
    This is nothing new. People here have been asking for location and YOE in addition to TC long ago. No one really assumes you're making 300k+ in some unknown city.
    Jul 6 0

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