Hello. I’m evaluating an offer from Bay Area company. First year comp will be ~370k (base+bonus+RSU). Is this good enough for a family of 3 to live a decent life? I’ll be moving from Vancouver (Canada) and planning on renting for about an year.

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hi I make an obscene amount of money and want to know if I will be comfortable in another west coast dickensian nightmare

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Yes. That’ll be enough.

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370k should be fine, but money will probably be tighter than you’d expect. Also, take RSU vesting into consideration (at first, your monthly take-home pay will just include your base salary)

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Depends on the cash component, whether or not you have a partner who is also working, and how you define a decent life. In general it should be doable.

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It’s harder to manage on a single income but still possible, assuming at least half of your salary is cash

Family of three - I’d plan to spend ~$6000/month for a nice 2+ bedroom

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I second ^. ~1.75-2M depending on the neighborhood

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what is the cash comp component

Given the cash component and renting in the SF Bay Area, for a family of 3, on one income, it would be tight. Ultimately, it would depend on where you want to live and your willingness to commute.

In a similar situation, but moving from Midwest. Rents are insane!

I live in the Bay Area and am currently visiting my parents in Cleveland. My mom told me about this « crazy » new trend that is happening in Cleveland…people paying more than asking price for a house!

I couldn’t even pretend to be shocked. 😂🤣😭😭😭😭

Don't be a jerk. Your salary is fine. If you can't make it work on that salary, you've got bigger issues.

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