According to nerd wallet website https://www.nerdwallet.com/cost-of-living-calculator/compare/austin-tx-vs-san-francisco-ca 150k in austin,TX equals $288k in bay area. Is this true?
High rent, state income tax. Any other expenses over in CA? I guess house. But why buy a house in CA anyways... and food in SF is expensive.
If you live poorly just to stack money, youll stack way more with 288k in the bay than 150k in austin
These calculators are nonsense, col doesn't scale like that. It's probably.closer to like 220k
if you get a roommate or two + cook your own meals and don't spend a lot on transportation (motorcycle or inexpensive car), you'll be taking home way more money even after taxes.
That wont work if you have family
I live in South Bay. I'd take 288 here than 155 there anyday! My expenses aren't as much as the difference in pay!
đź Ek lakh lakh pardesi girl, ainât nobody like my desigirl!
^ chep spotted
Just google random housing prices in both cities ..
You aren't actually going to spend all 280k in Bay area or all 155k in Austin. So you'll end up saving way more money in Bay area. Take it with you to Austin when you want to retire
First positive responses for Bay. whenever a comparison is made with Bay Area vs X, people always say you will be homeless with that pay đ¤Śââď¸
Iâve done the math on keeping all the *essential* services - childcare, taxes, housing, groceries, etc - I have today in ATX with those in various parts of the Bay to maintain parity if relocating. (Not sure how many respondents can cite their own spreadsheets on the math besides a wistful âitâs better here or thereâ hot-take.) Yes, $~290k:$170k::Bay Area:ATX (salary only) was where I landed. No, recruiters do not believe that. They also say the online Calc sites are BS. Then, I tell them that I did my own math, inquired about and priced line-item services, and they say, âWell, we canât go that high.â Think what you want. Live where you want. But, the math doesnât need you to agree with it. It just is.
This is great. Do you have some specific examples of the line items you ran ?
@anons2: Things I pay for that add up to my cost of living, which would be found in your budget/financial worksheet: State and local income taxes: TX has no state income tax. Austin has no local taxes beyond sales tax. Necessities: Rent. Utilities. Gas, tolls, and mass transit. Auto service. Medical and professional services. Insurance - renters and auto. Groceries - I cook. Storage, if needed. Discretionary costs (no particular order): Martial arts classes for me and kids, travel time and costs to/from. Hair cuts. Lunch & coffee near work. Restaurant meals for us 2x/wk. Childcare - after school and evening/weekend. Movie and event tickets. Family/childrenâs activities. Hobby stuff for each of us. Local necessities: Clothes, gear for dealing w/ local environment that we donât deal with now. Other considerations: Public school ratings. Commute (home, school, work, home) time and distance. Access to outdoors. Neighborhoods I can afford. Living space quality, since thatâll be the background of our much of our life and times. Much of this is available online. If not, call a few providers, tell them the situation. Theyâll usually give you a reliable estimate. HTH.
Yes