I am looking into moving family into the sf Bay Area.
What experience do you have?
What is cost of child care?
- NewRCRU66Too little information. Bay Area is obviously expensive. Kindergartens are ok. Private schools are $20k-$40k per year. Housing with good public schools is $$$
- Cost of living, schools are horrible in most areas. They cut liberal arts and music from the area we were living in. For us to find a place big enough, we had to decide to either pay an ENORMOUS amount for a house semi close to work, or do the super commute. I found I was spending more time at work and on the road in traffic than with my kids.
- New / MgmtiseeumoreKindergarten is about $1,500 a month per kid which I consider to be ok. A house in a good school district is at least 1 mil but you could also rent. Commute is a consideration as well. Ultimately it will depend on where you will be working and how much you will make. Almost everything can be solved with enough money.
- Kindergarten is $1.5K per month per child on average, like mentioned above.
A house of 3 bedrooms with good schools will cost you probably 4000-5000 a month (or more), depending on the specific area.
Does your wife work in tech?
In general it's a nice area to live with kids, if you earn enough (A LOT)
- My wife kind of works in tech, she has spent last year and a half in a support role at a local tech company. Does not want to continue for much longer.
I feel like I read some where that it takes like 200k/year to make family living in Bay Area does that seem right?
- Ridiculously expensive. Be prepared to either shell out huge in mortgages/property taxes or rent. Then add private school cost per kid if you live in a neighborhood with bad schools.
- New / EngNeTR04moreA co-worker lives in Tracy (Central Valley) and takes Amtrak Altamont Express every day. Leaves an old car in the Valley to get to his office. It's a 2hr ride but No Stress and he works on email etc.
He says he planned it that way to get a nice house for a lot less $$. The train ride is paid by the company via a commuter account. Smart!Sep 10, 20170
- Apple / EngDudeAbidesmoreFirst of all you must accept the fact that you might not have too many options. Good schools and safe neighborhoods are extremely expensive. I would budget $1k per month minimum per kid for preschool, and that's very affordable. The sky's the limit if you want private school. 2 bedroom apartment will start for 3-3.5k in the good areas. You can find good schools and neighborhoods in the exoburbs, but you'll be a mega commuter. Not a God option with kids.
Basically it'll cost you. Most ppl work here as single and leave when they start a family. However it can be done. It's just more of a financial struggle. I have kids. Single income family. We like it here, but it's a daily discussion about when and where we're leaving the Bay Area.
Best to head to city-data.com and read the forums there to get more discussion.
- Expenses are higher , but so are salaries. If your wife is also working it would be okay . Daycare is 1.5k or so
- unless its smth completely local, and shit hits the fan like 2008, a lot worse things can happen
also, you can rent until you have enough cash to not get into a 30 yr mortgage with a shitty APR
or even better yet invest your money elsewhere in houses with a positive return (cause buying an expensive house with a huge mortgage is not an investment)
- Kohl’s / Producttime2livemoreA reasonable house (1500 Sq ft 3 bed 2 bath) in a good school district will easily cost between 1.3-1.6m. Fremont, campbell. More expensive in Saratoga Palo alto mountain view. Rents would be from 3500-5000. Private schools are about 1500$ a month. If you're earning 300k as a family
... That's fairly basic. I would not recommend coming to the bay area. Austin and Seattle are better
- Kohl’s / Producttime2livemoreMost people who are all doing reasonable well in the bay area are people with two incomes.. Both in tech. Or one income but working for a top tier company that gives good stock grants every year. Let's say you buy a 1.5m house with 300k down. You're lab is 1.2m. You're paying interest and principal on this. Monthly payments would roughly be 6k on this. Add to this your property tax at 1.25%.. That's 1875$ a month. If you've got younger kids.. Then add day care and pvt school until they can go to kindergarten in the public school. If two kids. That's 3k a month more. Add your other expenses in. Food etc.. Is not expensive... So other costs should be give it take what you pay in another city.
If you're renting.. The math is a lot better. If you're down payment is higher.. That helps as well.
Now what if you lose your job? If your living in a city where the house costs say 400k.. You can still manage costs. But if you have to shell out 6-8k every month on mortgage and tax.. You need another 100k in reserves to ride out a year.
I'm sure 300k is good.. But looking at house prices.. It doesn't seem to be enough.
If you're renting.. I think it should be good. Given the price of housing.. Renting may be more cost effective.
- LogMeInTpHH74giving a perspective of someone who grew up in the bay area: CONS: 1) father would come home at 10pm on most nights from work with what was then a 20-30 min commute (one way) while mother had a 1-1.5 hr commute (one way) they had to work out schedules to pick-up and drop-off me and my sibling from different private schools each school had a commute of what was then 20-60 min it was miserable waking up at close to 5am (not to mention all our extra activities) 2) this all spelled a recipe for unhealthy family relationships and interactions 3) so much sacrifice including finances (living pay check to pay check and borrowing against the house to pay for education) created undue pressure and stress 4) going to private school meant having friends that lived 45+ min away 5) with the costs of raising children and costs of living it would be a challenge to save money and god forbid if you or your spouse gets laid off (because this is very common in the bay) you'd be kind of screwed
PRO: I am incredibly grateful to have grown up in such a progressive environment where I never felt restricted (even as a female), where I was surrounded by ambitious people and intellectuals. though our family struggled and sacrificed quite a bit (and this was as recent as ~8yrs ago) I am now working in tech in the bay area after having graduated from a top University and making more money than my parents ever made. but I cannot underscore and emphasize enough just how much of a sacrifice it was (a lot left unwritten). so the real question is: are you willing to wait (and take a risk/bet) to see the long-term pay off?
my point of this post is this: not only consider you and and your spouse, but consider how your children will feel and what affect living in the bay area will have on them (many many schools including public have students suffering from stress and pressure of performing, suicidal, depressed anxiety-ridden, etc), other affects include the example you set for them -- meaning they will see you living a certain way here and this could have a long-term impact. it's easy to objectively look at metrics of living in the bay area, but you must also consider a qualitative analysis for the entire family.
- LogMeInyada-yadafor my personal success (in terms of "good" education, "good" job, "good" salary) yes, I would do it again. what doesn't kill you makes you stronger. But I often wonder what our family relationship would've been like had we lived in a different area, I wonder if I would've had a more fulfilling, less stressful and happy life elsewhere.
- New / DesignKBD40204Having lived in both dallas and sf, I'd agree with the posts that it will be hard on your family. But so much of it is dependent on the opportunity in front of you. There is no place like the Bay Area... with all the problems it is also one of the most inspiring and exciting places there is. Brilliant people and innovation around every corner. The opportunity to create something big with people who have the same mindset is pervasive. That will filter through to how your kids approach life too. Yes it's pricey and the commute can be brutal but regular people like me are doing it. Worth a try imho.
- Perficient / EngTArchI got excited about a job offer with salary increase and almost moved to Silicon Valley. Rent for a 2 bedroom place in a good public school district would have sucked up my pay increase and more. You're competing for resources with people who already made their big money. I stayed with my old job on the east coast.
I would have taken the offer if I had no kids, or if I time-traveled back 20 years ago! 😀
- Depends on what you like , I moved to the Bay Area 5 years back . Initially I felt the difference, the work culture is different, place is expensive . 2 job changes later , I feel I moved too late .
It is definitely expensive to live here , however the salaries are much higher , I still save 20 of the salary with the same or better lifestyle (20% is a much higher with Bay Area salaries ) .
Me and my wife both work , we send our kid to a private school (expensive but worth it ) .
What I personally like is the number of job opportunities here , commute for me has always been less than 30 minutes . There are 100’s of companies in a 20 mile radius .
I would recommend you to move but make sure you get a good salary hike over the east coast salary .
P.s. ppl are more competitive, be ready to put enough work hours (9-5 is not enough in most companies )