Offer @ 135k in SF
Got an offer for IT Manager for 135k in SF. Really wanna take it but everyone keeps telling me this is way too low for a person with a wife and kid. Any insight on this? Really wanna take the offer, but don't wanna struggle. HALP! Edit: Gave back some of the stocks got it bumped up to 176k base, 9k relocation, 5k signing bonus & 30k shares over 4 yrs Thanks for the help everyone!!!
It's loq
Get ready to be homeless. Find a good soup kitchen start-up and Starbucks nearby since they will never kick you out now. Also check Grindrr for "Dirty Mike and the Boys", good group to be in for fight night Fridays.
135k sf is like 40k GA if not lesser.
Yikes! Im making 93k now so thats a big drop
My rent for a studio in SF (proper) was $3600. Housing is going to be very difficult.
Single at 135 will just keep you off the streets. However kids make all the difference in BA if you want good education. Homes with good public schools, private school, and preschool will cost $$. I have 3 kids in preschool at $3k a pop. We bought in home with good public school but mortgage and tax is 20k per month. Public schools also insist on donations of about $2k per child. Parcel taxes are also higher in hoods with better schools. We have low 7 fig family TC but after crazy CA taxes, kids, and housing there’s not much left over. Since blinders will ask my personal TC is a pathetic 240
Too little
You'll be homeless unless you can present a case for working in east or north bay. That, or you take a 2 hour commute from Concord or Stockton each day.
Stay the F home. That number is garbage.
Are you currently in San Fran now? Does the wife work full-time?
No in GA now. Wife does not work fulltime only PT
If commuting 1+hrs one way is something you can afford to do, but even then you will likely still find it very hard