Has anyone sat down and worked out how much more you need to make in SF to have equal lifestyle/wealth as in Seattle?
Eg; after taxes have same ammount of cash & equivalent looking apartment/commute.
New
inmannFeb 9, 2019
Depends on TC. If say TC is 200K since rent would go up at least by 2-3K per month to maintain similar lifestyle as Seattle, my math suggests TC should be 300K to account for post tax income (at 10% higher tax due to state tax) and the increased cost of living, primarily in Housing. But if you are earning say 500K you may be able to get away with a smaller % increase. Again, all depends on you lifestyle choice of housing for most part.
The math I did a while ago is that I’m willing to get ~60k cut in TC per year if I move to Seattle. But not factoring weather/opportunities, only lifestyle and savings.
Depends on TC. If say TC is 200K since rent would go up at least by 2-3K per month to maintain similar lifestyle as Seattle, my math suggests TC should be 300K to account for post tax income (at 10% higher tax due to state tax) and the increased cost of living, primarily in Housing. But if you are earning say 500K you may be able to get away with a smaller % increase. Again, all depends on you lifestyle choice of housing for most part.