How do I reasonably compare CoL between cities.
May 5, 2020
6 Comments
I am expecting an offer from Bloomberg in NYC.
YoE: 0 - 1
TC: 101K
Location: Raleigh, NC Area
According to the research I've done CoL in Manhattan is 2.5x Raleigh. Brooklyn: 1.9x Raleigh. That means considering an offer less than ~$192K would mean taking a pay cut to work for Bloomberg. Considering that jumping companies, especially in another city, should warrant a pay raise of around 20% (right?): that's an overall compensation of ~$230K.
Based on Bloomberg's profile on levels.fyi I have no reason to ever expect such an offer for my YoE.
Am I thinking about this right? I appreciate any relevant advice. Thanks! #career #offer #bloomberg
Levels.fyi - Compare career levels across companies
comments
IF you spend 30k in living expenses now, you will spend 30x2.5 in NYC.
Then you can calculate TC accordingly based on taxes. You do not multiple 100 by 2.5