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!!!
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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.
Lol so 135k is not going to be enough at all?
Nuh brah, double that for a happy wife and happy life
135k sf is like 40k GA if not lesser.
Based on a 900 dollar per month apartment tin atl costing 3500 in sf
And if you don't have two ft incomes, it's going to be a real struggle
Yikes! Im making 93k now so thats a big drop
93k in GA is like 250k in SFO
^ this
My rent for a studio in SF (proper) was $3600. Housing is going to be very difficult.
My colleague got a decent 1bhk for 2800$ in sf. I think you could stay within 40 mins from office and get a small rental for under 2500$ per month. Most ppl here assume some luxury apts rent
If he has a kid then he’s going to need more space
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
Damn your spouses is killing it.
Your "life inflation" is insane. Your spending 240k on mortgage.
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