Weighing offer to move from Seattle to Bay Area. Currently make @ $200k in Seattle. What do I need to pull in to maintain quality of life in Bay Area? Likely would live near San Jose. The killer seems to be straight up housing costs. Appears house price in Bay Area is around 3x Seattle? Also state taxes in Cali and no WA tax
Don’t move to the Bay Area, it’s miserable down here. If you have a house in Seattle, don’t sell so you have the option of going back. I see many seattleites who come down here end up regretting it and moving back.
Lol ya. Stay put.
Do not come here. You will regret it. Both SF and Seattle are falling fast
This is how I calculated. I am relocating from Seattle to SF next month. Underlying assumption is that you want to get same cash between the 2 places: 1. Use take home calculator (smart asset or any online one) and you will see take home is same between $200k (Seattle) and $235k (San Francisco) 2. Rentals are 2X and so are the properties to buy. This is where it matters if you live in 1 bedroom, 2 bedroom apartments vs independent houses. I am using 2 bedroom apartment for comparison so the differences in monthly rent is $2k hence annually $24k 3. If you have kids that go to pre school or child care then that is 2X as well. I don't have kids so did not include. If you have older kids then the private school is a separate beast. 4. Commute to work can greatly depend but currently I am 15 minutes away from work and I am trying hard to get 30 minutes commute, and above calculations are in reference to that. So one line summary is $200k in Seattle is equal to $260k if you don't have kids and $20k per kid there on.
That is a good breakout. Comes out lower than i thought. I would have estimated over 300k using the “pull number out of my ass” approach
How did you get the 260K number ? You mentioned 200K in Seattle is equivalent to 235K in SF w.r.t take home salary. Rent is 24K more. Looks like you added 235K to 24K. Thus is incorrect since for the additional 24K in income you need to pay tax. To get 24K after tax you need to make 40K. So, 200K in Seattle == 275K in SF without kids in equation ?
Seattle and SF fucking suck. They used to be bearable 10 years ago but in the last decade they've become filled with boring drone losers. It's fucking amazing going around and meeting the SAME dude time and time again. He likes to hike. He likes video games. He wants to get into rock climbing. He loves beer. He spends all his time at his job. Great 😑 Don't pay 3k per month to live in a city with passionless losers. If you're going to move anywhere... go someplace interesting like Detroit or Atlanta.
Amen 🙏🏻
I suspect a good amount of my peers are depressed, not fulfilled by the work, and only stay to keep collecting the excellent compensation. Some of them have indicated this verbally so it’s not just a hunch. The point is.... a lot of aimless souls wandering around.
I don't see rent is 2x higher in Bay. A 2BR in downtown Seattle rent is about 2600. The same 2BR in San Jose is about 2800 and free parking. Commute will be totally different though. In Seattle you can walk to office. In Bay you almost definitely have to drive. Buying a house is about 2x expensive than Seattle though. 1.2M gets you a luxury single family house in Kirkland, while getting a small townhouse in San Jose
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I’d say about 260k in Bay Area