Working remote from Miami

Zillow Group qpwoeirutl
Jun 15 16 Comments

Is this a decent idea for a single person early 30s TC 200k?

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TOP 16 Comments
  • Coupang
    πŸ¦–β˜„οΈπŸ˜’

    Coupang

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    200k in Miami isn’t much, if I recall correctly.
    Jun 15 3
    • New / Finance sml96
      It’s not a lot in Miami but Miami pays sh*t so for miami standard it’s pretty good
      Jun 15
    • Zillow Group qpwoeirutl
      OP
      I would imagine a much higher QOL than seattle/bay though due to low COL?
      Jun 15
    • New / Finance sml96
      Definitely. I moved from Miami to Boca for work and have family in SF. Miami is a lot less expensive than SF for many reasons including taxes
      Jun 15
  • Bloomberg / Eng iVX372
    As an added bonus, there's no state income tax in FL. You'll live like royalty on $200k in Miami, and/or save a ton. I invested over $100k on that income over my first year of living frugally in central NYC (even with 3 international trips, NYC COL and the nation's highest income taxes), so you should be able to match or beat that. Including relocation, small index fund appreciation and a small signing bonus, I am $140k richer than I was 12 months ago even while living within 15 min of my office in Midtown.

    TL;DR: financially, this shouldn't even be a question. If you lack the discipline to perform well in your job while enjoying the Miami lifestyle, then that's another matter.
    Jun 15 2
    • Zillow Group qpwoeirutl
      OP
      Great feedback thank you. Did you buy a place or do you rent? Wonder how that works out in Miami.
      Jun 15
    • Bloomberg / Eng iVX372
      Renting. There are free calculators online that answer whether to buy or rent.

      Buying only makes sense in NYC/SF if you will hold it for at least 8-10 years, and live in it. This is because the property prices are so high relative to rents.
      Jun 15
  • Facebook JaySucks
    200k is very good for a single person in Miami

    Edit: Lived in Miami for 12 years and am now in the Bay.
    Jun 15 0
  • Motorola / Eng
    Anon_Llama

    Motorola Eng

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    Anon_Llamamore
    Im doing 175k in north beach, live like a king.
    Jun 15 2
    • Zillow Group qpwoeirutl
      OP
      Awesome how do you like that area? I was thinking maybe Brickell as an option but beach is nice
      Jun 15
    • Motorola / Eng
      Anon_Llama

      Motorola Eng

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      Anon_Llamamore
      Brickell is nice but traffic is a btch. You are going to be remote, so that works for you. I have to commute a few days a week, so it did not make any sense. But its beautiful!
      Jun 15
  • Oracle strong20
    Will zillow let you work remotely?
    Jun 15 1
  • Dropbox rawhide
    😎
    Jun 15 1
  • Yelp / Eng SQN
    Yes! Do it.
    Jun 15 0