Spouse and I are thinking of relocating away from Denver/Boulder metro area — purely for better opportunities (except for career growth stagnation, we love it here) — to either the bay area or Sea-Tac. Combined TC = 250K+bonus/stocks, both with 12 YOE, own a home here with 30% equity. We have 3 very young kids. should we relocate? what combined TC should we aim for, in order to maintain “similar” standard of living? update based on questions: 2 kids go to a school rated 7/10, youngest in daycare (spending $3000 per month on childcare/school fees only)
Your standard of living is based on your spendings not TC. Compare housing costs based on your own situation size location rent buy... Kids are in school? Daycare? Public/private school.... What else do you spend on?
~3000 on schools (private) and daycare in total. No significant recurring spending apart from mortgage and 2 cars, we don’t travel outside of the US that much..
Don't come to CA esp bay area, BART, Roads, school everything is full and you barely would save anything. 250k is the minimum you need to live a decent life in bay area. Stay at Denver and make the best of it.
Goto NY
How much are your public schools rated in your current hood ? 300k taxable income buys you a BA house with HS in the greatschools 7-8 range out of 10. Beyond that, you need 500k...
They are earning 250+stock and bonus. Translating to BA, it would be 500k or more.
Avoid Seattle at all costs
I’d stay at Boulder if I were you.
Visit both in the winter. Check out Zillow for housing costs and neighborhood details.
I checked Zillow already but what/how much I can afford is what I wanted to get an estimate on..
Why not try Google in Boulder?
Avoid Bay Area. Career growth is means to an end. Have the end goal in mind.
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Don't move to Seattle with kids. I believe that you'll save more money here but the weather sucks most of the year not a lot of of outside activities. You'll marginally save less money in CA but life is gonna be better.
Life sucks in the Bay Area you’ll be stuck in traffic and can’t spend time with your kids
Not a lot of outside activities? What drugs are you on?