Move to Bay Area or NYC, or stay remote

New FloMan
Feb 3, 2019 21 Comments

I work remote now but am considering a move to the Bay Area or NYC for:
* Higher TC
* Better career growth

I have an offer in the Bay Area for $250k TC (180/50/20). This is great relative to my current TC ($150k) but seems low relative to other offers I've seen here and on levels.fyi for my YOE (10). Adjusting for the increased taxes and expected housing costs, it'd still be a net positive income-wise, but wouldn't really move the needle lifestyle-wise considering the disruption such a cross-country move would be and could be worse given what I've read about Bay Area commutes. So this opportunity (while new and exciting itself) would be more for the career growth to get a foot in the Big Tech door in the Bay.

Further, wife and I have a 1 year old. My wife also works from home and is part-time but primarily takes care of the baby (and I help around some since I WFH), so I'd expect her to keep her income and have minimal daycare costs. My thought was to take this calculated risk of moving now while the baby is only 1 since don't have to worry about schools for a few more years and baby won't remember moving (or moving back if things don't work out).

My wife is really supportive of the potential move, but I'm afraid she'll feel too isolated once in the Bay Area since family is on East coast. Hence, I'm also thinking of NYC since it'll be closer to family (same time zone and shorter, cheaper flights), and my professional experience is already in FinTech (we also love the idea of walking everywhere but are not huge fans of Polar Vortices).

TC or GTFO:
* Me: $150k TC, 10 YOE (Remote/WFH in low COL area)
* Wife: $50k TC, 10 YOE (WFH, non-tech)
* Baby: $0k TC, 1 YOE
* Net worth: $650k

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TOP 21 Comments
  • Apple kvFs60
    The baby seems to be coasting .. get him on leetcoding :)
    Feb 3, 2019 1
    • New FloMan
      OP
      I asked him to write an LRU cache, and he tried to bite my nose and then 💩 himself. I think he has a solid future of white board interviews ahead. :)
      Feb 3, 2019
  • Two Sigma DosSigmas
    Baby TC seems low for 1 YOE, I would aim for at least 60 TC
    Feb 3, 2019 2
    • New FloMan
      OP
      Baby is honestly more like $-10k TC and has sometimes, let’s say, questionable impact on team morale, considering placing baby on a PIP.
      Feb 3, 2019
    • Two Sigma DosSigmas
      😂😂😂
      Feb 3, 2019
  • Amazon / Eng tylium
    250k in the bay isn't that much. You can barely afford a house. Food for thought. A 1 mil house mortgage payment is roughly 5-6k. A bay home is what 2 mill plus? Lots of your comp will be RSU which can vary from market fluctuations.

    You are probably more wealthy where you are. Now if you move to a low COL area with a tech hub that would be good.
    Feb 3, 2019 2
    • New FloMan
      OP
      Thank you for the insight. It is hard to wrap my head around that $250k is simply not that much money for that area due to COL (it’s like 5 times my parents’ household income growing up!), but yeah, the housing costs are astronomical and eat so much into one’s comp. I suppose this is why areas like Austin, TX are growing more and more popular.
      Feb 3, 2019
    • New / Mktg
      hrWD33

      New Mktg

      PRE
      Oracle
      hrWD33more
      120 in San Francisco is considered low income. Wrap you head around that
      Apr 16, 2019
  • Facebook
    Instagrаm

    Facebook

    PRE
    Google, Microsoft
    Instagrаmmore
    Move to Seattle of course
    Feb 3, 2019 0
  • Postmates j☀️
    Remote! Don't get into the rat race. Enjoy with your family
    Feb 3, 2019 0
  • Google xUcq82
    Where do you live? And what’s your role?
    Feb 3, 2019 1
    • New FloMan
      OP
      Located in South East (not sure how specific to be on Blind). Currently a backend SWE developing trading systems (mainly C++).
      Feb 3, 2019
  • Google xUcq82
    It sounds like your skills are fungible enough, and valuable enough, that you have decent security staying where you are at. Agree with others that you should stay put, UNLESS you have a bug up your butt to become some Fang principal engineer earning 700k. It will take time and you’ll still take a QoL hit as your house will still not be nice, even if you “make it”. Housing is so expensive now that it’s almost impossible to buy something nice unless you’re an exec or already have lots of money
    Feb 3, 2019 0
  • Capital One / Eng suraji
    WLB should be your priority. You won't get any of that in the SF Bay area.
    Feb 3, 2019 0
  • Skycatch destitute
    How ambitious are you? Personally I would just stay with the remote job considering you have a 1 year old, but you're not wrong that it's easier to break into big tech in the Bay Area or NYC.

    BTW, there are plenty of FinTech opportunities in Bay Area.

    Also, if the offer doesn't improve QOL by much, you can decline and just continue applying.
    Feb 3, 2019 0
  • Oscar 🐨koala
    What kind of role?
    Feb 3, 2019 1
    • New FloMan
      OP
      New role would be working on some very well known desktop applications. I’ve mainly worked on backend.
      Feb 4, 2019

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