250k offer in Dallas versus 600k in NYC? Does the delta make up for difference in COL?

funnylikesmart
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650k. Anyone telling you to take 400k less and live in Dallas doesn’t know anything about NYC or they’re crazy. With 650k you can afford a very very nice home in Brooklyn or queens and an even nicer home in Staten Island. Or you can just move out to Westchester. That’s a quick ride on the train to grand central. Bottom line. You’ll live like kings in nyc with 650k.

likehelpfulsmartupliftingfunny

This

I make $600k in ny and live in long island which has high property taxes but great public school. My wife stays at home and we have 3 kids. $600k goes a looong way.

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Nassau county gang

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I’d def take $600k in NYC over Dallas. However, I’m 25 and single. If planning to have kids soon, Dallas would make more sense.

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What D2 just said.

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I can't believe there are people on this app who say Dallas over NYC. The NYC offer is easily better - it's not even close

What are the differences?
Taxes? Housing? A little on food?

I mean if you want space and suburban living, long Island or new Jersey have fantastic options.

I mean 350k vs 250k , maybe 400k vs 250k. But 600k?? That's a no brainer.

likesmart

I've lived in 6 different cities in the US including Houston, Boston, Atlanta and NYC and I'll tell you - it's less important what city you live in and more important where you live in it.

Everyone is different, but as I get older I've started to put a premium on friends and family. Do you know how hard it is to make friends as an adult? It's brutal.

And there are pros and cons - like I live in a nice suburb with a 3,500 sqft house now with two kids in a Southern State now, but my life in Brookline, MA with 1 kid in a two bedroom was great. The convenience of being able to just walk out to a park, restaurant, groceries was great. We were much healthier as well, and we didn't have to worry about making sure the kids get out and stuff as it was just easy going downstairs.

So it all depends, but money allows you the flexibility to be and to setup well.

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How…is this a question? NYC. Public transit. Your children will have an inherently more interesting childhood if you have kids. Its the cultural center of the country. Suburbia is the pits. And I own a house in it. I’m not hating on it from afar. We’re living how terrible it is! .2 miles isn’t walkable in Dallas area.

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2 miles isn’t walkable? We walk like 6 miles a day here in DFW with the dog.

Dang, senior manager of what? I’m in the wrong business.

likefunnysmart

I am definitely in the wrong career. What makes you earn so much . 600k wow.

likefunny

Lol, I’m right with you!

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$250K in Dallas is incredibly comfortable. I’m sure similarly for NYC. It it’s probably just a lifestyle question at that point. Do you want to be in a less spacious big city? Or do you want a more spacious smaller city?

likesmartfunny

Thoughts and prayers. It must be very difficult to pay your way into the best school district in Texas

likefunny

Take the 600k. I wouldn’t be able to spend an additional $200k a year if I tried

likesmart

I can think of many ways to spend that instantly lol

likefunny

Listen to the Dallas Freakinomics podcast. Interesting comparison with Ny. Dallas housing is 40% cheaper and groceries 25% if I’m not mistaken. But public schools are bad so you need to take private school into consideration. NYC has a few great public schools. Private is not necessary… I think the 250k Dallas offer is way too low by comparison.

likefunny

There’s been some high profile incidents in the Dallas suburbs that have resulted in racial tension. Might be something you would want to look into when making your decision.

Take the 600k the col isnt 350k different. That can be generational type of wealth if saved properly.

likefunny

NY has state income tax, TX doesn’t. Seems like you should take that in to account when you’re seeing how far ahead you come out in either scenario.

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I live in TX and although the prop tax rate is ~2.25% the home values are much lower so it amounts to about the same. Sales tax is about the same too so comparing TX to CA//NY/IL does come down to income tax and cost of housing mostly.

This post is living rent free in my head cuz I can’t figure out why anyone is suggesting a 350k pay cut to live in DALLAS

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You’re getting a horrible rate if you’re somehow paying $10K/month on a mortgage for a $1.3M house, EY16.

Also not sure why you’d feel capped, but it seems silly to turn down $600K now because you think you could make something close to it several years down the road.

Don't make this decision based solely on the money. Texas winters give me the heebie jeebies since last winter's power grid failure.

likesmart

This is so bizarre…. It was 70 degrees in Dallas yesterday and you are worried about one week?

I’d rather take my chances with another winter week like that than I would with the next Covid variant sweeping through somewhere as densely packed as NYC

I’ve lived in Dallas since 2007, making close to what your husband was offered here and would pick $600k in NYC in a heartbeat. Like someone else said, it’s a concrete spread here like no other. Dallas is great if you absolutely love the burbs.

likesmart

Thanks. Im okay with the burbs as I grew up in them but also like the city. My husband was raised in a major city so while he can appreciate certain merits of suburbs, he’ll likely never fully adjust to them I fear

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Col is way overestimated in nyc. It’s not that big of a difference

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You should be considering things besides just Manhattan. Brooklyn, Queens, Long Island etc have a handful of very nice neighborhoods. Across NYC there's also a handful of great public and charter schools.

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Lol not for me 😂 husband has that decision to make

likefunny

Thinking 600k income is merely upper middle class is insanely out of touch.

Sincerely, someone from the VHCOL bay area

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That’s definitely enough of a difference to take the NYC role if you don’t have a preference for the city

likesmart

600k ?!!! How is this even a question.....

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I feel like this question is a low key flex...that’s the only reason this question was even posed.

likesmartfunny

Go to Dallas. Buy a house with a pool and swim in December while everyone in NYC is freezing their ass off

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I don’t think you need to be a partner to have a heated pool. We bought this house when I was a manager doing “grunt work”, and will likely never leave. My argument stands though - $300k in Dallas, per most COL calculators allows you a similar lifestyle as $650k in New York. We lived in NYC and moved to TX because of the better weather and whole-country access vs living in an expensive, dangerous, dirty city like NYC, even if my lifestyle was similar in both cities. The intangibles between both cities make Dallas the better choice, without a doubt.

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