How do I reasonably compare CoL between cities.

Lenovo / Eng
bege89

Go to company page Lenovo Eng

bege89
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

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TOP 6 Comments
  • Roku
    mixed

    Go to company page Roku

    PRE
    Roku
    mixed
    You need to multiply your expenses with that factor, not the whole TC.
    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
    May 5, 2020 1
  • FLYR
    loolmao

    Go to company page FLYR

    loolmao
    Yea you probably won’t get that without domain expertise or competing offers from top tech companies. I was interviewing w them and told them of my msft offer (200 in seattle) recruiter said they could do something like 250 for nyc to compete. I have 3 yoe though. I think a realistic (and good!) offer for you, given no other offers and yoe, would be ~160-180. You also have to consider the value you will be getting from living in a tech hub city (also fun city) and Bloomberg brand.
    May 5, 2020 1
    • Lenovo / Eng
      bege89

      Go to company page Lenovo Eng

      bege89
      OP
      I grew up in NYC. It's only been 1 year since I left - I don't miss it. This would purely be a strategic career move.
      May 5, 2020
  • Compare savings.
    May 6, 2020 0
  • Intel
    gnfM76

    Go to company page Intel

    gnfM76
    Try numbeo.com for a first order approximation. It's far from exact but it can give you a decent idea.
    May 5, 2020 0