What's enough income in Bay area for a family of three?
TC: 165k base, 160k rsus/ 4yr, 30k sign, 10% bonus and relo
First year comp: a little over 250k
If I take the position, I'll be moving from East coast with wife and newborn and m trying to determine if this is enough to live comfortably in the Bay area.
I will be the sole income, but we won't need to pay for child care. Schools aren't a concern because I plan to move back to East coast after a few years. We don't care much about having nice cars or expensive clothes and with a newborn we probably wouldn't be eating out more than once a week if even although probably a lot of take out.
I'd be working out of Sunnyvale/Cupertino and the things I do care about are a 15-25 min commute and a house or townhouse with 3br. I also want to make sure I can still save for retirement.
Is this possible on this income? The more I read the harder it is to know.