{ "media_type": "text", "post_content": "How many of you are on track to FIRE in a HCOL area (NYC, SEA, Cali, etc.)? I currently live in Texas, and while no state income tax is great, I don't like living here.\n", "post_id": "61a7ad30d2dc9c0026d7db66", "reply_count": 14, "vote_count": 5, "bowl_id": "5b3f7377ab53db00136f7b4c", "bowl_name": "FIRE Financial Independence Retire Early" }

How many of you are on track to FIRE in a HCOL area (NYC, SEA, Cali, etc.)? I currently live in Texas, and while no state income tax is great, I don't like living here.

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The sweet spot if you have a job where you can work remotely is to live in a state with no state income tax as your primary residence then spend some of the months where the weather isn’t desirable in another place you like that has good weather then. Your tax savings offset the hotel/apartment/travel expenses. Harder if you have kids. I live in Texas as well and spent the summer in Chicago, for example, since I’m a city person but also hate winter.

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It varies by state so need to be careful but for Illinois for example, you only have to pay if you worked there over 30 days. If you are there for longer, you can either rotate multiple states if you don’t want to pay anything (or just pay for the fraction of the year you’re there).

Live in Seattle and have a couple years to go for FI, probably won’t RE but maybe Coast FI. Got lucky with a cheap place by buying a couple years ago and my mortgage is only 1K

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Live in Manhattan, currently age 36, on track to fire by 44 or so. Yeah, it is expensive here, but I've been able to double my income compared to what I earned in Texas.

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SM2 - entirely depends on standard of living you want. With a paid off mortgage it could be done with around $30k a year or less. Housing might add another $20k. To be comfortable $100k should be more than enough. But it’s Manhattan, so you could go as high as you like, adding wants and luxuries.

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I came late to the game, but am on track for 54 in NYC metro (having started my professional career at 30). I could probably do 48, but I want to wait until both my kids finish (or should be getting close to finishing) college before 'retiring' from the high paying professional career.

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Came late to the game as well and also took a big comp hit in exchange for better QOL, but last I checked still on track to FIRE by at most 50 in NYC. Working to possibly lower that to 45, though whether I will actually FIRE once I am able to is TBD.

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I'm on track to FIRE by 49 (9 years away) here in DC. That being said, we're considering moving to TN in a few years, where the decrease in pay will be more than made up for by the drastically lower COL.

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On track by 40 in NYC. Would have hit a lot sooner in LCOL ofc but I’ll take the trade off of being in the city.

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Will stay in the city for foreseeable future but guess anything can happen

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