Take home or gross
Take home
Anything below 25% is great in Bay Area
Poll should be pre tax because you get more accurate data
I think net savings is what we all care about at the end of the day. So post tax income makes more sense.
What about 401k and HSA contribution?
My gut feeling is most people don't reach into their 401K or HSA before retirement. So I feel those shouldn't be included.
Does it include stocks?
I spend 27% of post tax, but that is towards mortgage, not rent. Bay Area.
30%, South Bay
~5% in India. And this is not rare for people working in FAANG or equivalent companies here
It's a trade-off. People in the Bay probably have higher net savings (and higher standard of living - debatable) even when they pay 30% to rent.
Of Course they do. I am just providing some Interesting data points, not comparing it.
30% New York , worth the quality of life though
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I spend about 25% in Houston area lol.