Is this a decent idea for a single person early 30s TC 200k?
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Pls elaborate
200k is very good for a single person in Miami Edit: Lived in Miami for 12 years and am now in the Bay.
Will zillow let you work remotely?
depends on mgr
Yes! Do it.
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.
Great feedback thank you. Did you buy a place or do you rent? Wonder how that works out in Miami.
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.
Im doing 175k in north beach, live like a king.
Awesome how do you like that area? I was thinking maybe Brickell as an option but beach is nice
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!
200k in Miami isnāt much, if I recall correctly.
Itās not a lot in Miami but Miami pays sh*t so for miami standard itās pretty good
I would imagine a much higher QOL than seattle/bay though due to low COL?