Austin to Bay Area

Bioware / Eng MkKz27
Sep 13, 2019 57 Comments

I'm contemplating relocation to the Bay Area (I've been in Austin for a decade, I think I'm ready for a change). I have a few interviews lined up with FANG and was trying to figure out what would be a reasonable compensation to mantain my current lifestyle (don't own a home and not interested in buyin anything soon) ?

(Married, no kids and no plans to have any)

Currently in Austin:
280k TC (165k base, plus 20% bonus and the rests is RSUs)
12 yoe

The cost of living comparison websites are throwing numbers in the ranks of 450k to 550k TC in the Bay Area in order to mantain same lifestyle. How accurate is that?

EDIT: Thank you for the answers! There seems to be a missconception that Austin is super cheap (it is not anymore). I'll post an update if I get an offer. Also if any of you are ever around Austin in the near future hit me up and I'll be happy to buy you a beer ya'll!

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TOP 57 Comments
  • Intuit DGQn70
    If you live in Austin with 280k TC you better not move to bay area. Be happy there.
    Sep 13, 2019 13
    • Schonfeld / Eng
      9527

      Schonfeld Eng

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      @wkkjy dude, Austin is not as cheap as you think. For a decent SFH, you need to pay 1 or 2 times more than $300k
      Sep 13, 2019
    • Apple / Eng ineer
      In sf you need 5 to 8 times
      Sep 13, 2019
  • Snapchat `-😮-'
    Cost of living calculators usually assumes that you will be buying a house. The biggest cost differences would be rent and state tax. Rent in the bay area 3-4k, state tax difference is around 10%. Your TC+50k should be the minimum that you should aim for.
    Sep 13, 2019 5
    • Intel
      I_am_VTSAX

      Intel

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      I_am_VTSAXmore
      And FWIW I live in neither location but travel to both Austin and SFBA often for work, so I see why you'd consider the move. Summer in austin is effing nasty, traffic blows, and cost is rising. Bay much better climate and can drive to Monterrey, Tahoe, wine country, so on. You have the TC to make it work (plus no kids is more significant than ppl give credit for).
      Sep 13, 2019
    • Google m6r4
      To me the advantages of Austin are 1.) If you are single, it has much better nightlife and more balanced gender ratio. 2.) If you have kids, you can realistically buy a house with bedrooms and decent schools.

      If you are DINK working in tech I don't think the COL difference will matter much. You will just live in a smaller apartment.
      Sep 13, 2019
  • Google wkkjy
    280k is a fortune in Austin. So yeah, you might need 400k+ to have the same quality of life. This ofcourse assumes that you would be renting a home. Btw, arent companies expanding their presence in Austin? Why not try for FANG, but locally?
    Sep 13, 2019 4
    • Bioware / Eng MkKz27
      OP
      I am an immigrant too and you can find like minded people outside of the bay area too. I'm just a very outdoorsy person and believe me Austin is not a very outdoorsy place, once you visit all the lakes and the hill country you've seen it all. I was thinking maybe the bay area was nicer in that regards. Plus the weather (Ausitn brutal summers)
      Sep 13, 2019
    • Google wkkjy
      I see, I guess then it makes some sense. There is at least something to gain, other than just money.
      Sep 13, 2019
  • Bay Area folks are moving to Austin but you are thinking to move here. Unless you make $500K don’t even look this side
    Sep 13, 2019 4
    • Google wkkjy
      I think even 400k would be enough; if your partner is also earning. 500k for the family will be considered well off.
      Sep 13, 2019
    • Bioware / Eng MkKz27
      OP
      awesome, an actual answer! Thank you, that gives me at least a point to start. I appreciate it.
      Sep 13, 2019
  • Compass LInR08
    You’re erring on the low end if you’re truly comparing cost of living differences. If you change your mind and decide to have kids you can forget public school so add that to the list.
    Sep 13, 2019 11
    • Bioware / Eng MkKz27
      OP
      Thank you for taking the time and respond!
      Sep 13, 2019
    • Compass LInR08
      You bet! Best of luck.
      Sep 13, 2019
  • New / Strategy Porsche996
    Everything is expensive in CA even if you don't own a house.
    Gas, Groceries, Eating out with poor service and not to tell about the wait everywhere.
    You might be even be tired of so much people and feel suffocated.
    Sep 13, 2019 3
    • New / Strategy Porsche996
      Tell me more about Austin. I'm planning to move to Austin from San Jose.
      Sep 13, 2019
    • Google wkkjy
      But gas, groceries and restaurats are a drop in the ocean compared to rent. So they dont matter much, at least to any family making more than 400k
      Sep 13, 2019
  • OpenDoor / Product XXXVVlll
    I think even if you give it a try for 1 year or so it worth it, depends what company you are at now in Austin, if it’s no name, working for some big guys here can give you a boost anywhere in the future
    Sep 13, 2019 2
    • Google wkkjy
      Thats why my recommendation would be to at least move to FANG offices in Austin.
      Sep 13, 2019
    • Bioware / Eng MkKz27
      OP
      I see your point. It makes sense. Also while Austin has FANG I believe only Amazon and Google have engineering roles. Facebook does not have any (only managerial or other type of roles) and Apple is still early in expanding, mostly hardware roles right now. So it's only A and G here right now really
      Sep 13, 2019
  • JUUL sxNb74
    Min 500k, likely more if you’re looking to but a sfh
    Sep 13, 2019 1
    • Oops I miss read. Sorry
      Sep 13, 2019
  • Google m6r4
    Is your wife in tech? For a DINK couple, living on the coasts makes sense I think. I'd leave Austin if I wasn't planning on having kids. (Would not go to Bay area, though, probably LA or NYC.)
    Sep 13, 2019 1
    • Bioware / Eng MkKz27
      OP
      she is not in tech unfortunatelly. DINK is the plan, but I am assuming her TC will not be as high
      Sep 13, 2019
  • New / Strategy Porsche996
    What role in Austin?
    Sep 13, 2019 1
    • Bioware / Eng MkKz27
      OP
      software engineering
      Sep 13, 2019

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