Has anyone done this - work in high COL for much higher salaries (day Bay Area) and then move to low COL ( day Austin ), have lower salary obviously and buy home in cash and live life king style using savings from high COL ?
Even better - sometimes you can keep the same salary.
Really? How is this possible?
If you work remote, for example
Makes sense if you want to buy a home. Especially if you are coming form the bay area or nyc.
Any examples ? Say from which city to which city they moved.
Bay Area to Seattle... Then turned it HCOL Bay Area to Austin... Increasing their COL Bay Area to Denver... Increasing their COL
Denver and ATX are still drastically lower COL than Bay Area
Moved from NYC to Dallas increasing my TC 30% and decreasing my taxes 11% in the process. I wasn’t even trying to save money and my bank account just went in one direction
Details please? Would love to see some numbers
No details needed. Nyc has state and city tax. Dallas has neither
The inverse is actually simpler. Live in LCOL area, consult for coastal companies. Make bank.
that’s not the inverse
¯\_(ツ)_/¯ k
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