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I think Austin col has gone up rapidly within the last couple of years, but $400k probably isn’t too far off. Maybe $350k. I personally would not recommend living in SF with a family without a hhi of $500k.
Check multiple cost of living calculators and put together your own personal calculations. Rent and taxes may be the easiest places to start.
But bottom line is that your money will go a lot less far in SF vs most anywhere else in the USA. That's why the holy grail of income (aside from family money, lottery or cryptocurrency) is taking an SF salary and working remotely (or from a satellite office) in a low COL location. In the short run, you may need to decide if the career advancement opportunity provided by your SF role is worth the short term increase in COL.
What’s your view of that holy grail lasting however? I can’t imagine the current status quo persisting for long; either companies will have folks move back, or people will stay in their satellite cities for lower pay.
I would highly recommend assessing whether you REALLY want to leave Austin for SF, and I’m saying this as someone who hates Austin. But the jobs/growth opportunities are all in Austin now, and SF is still a shithole
What’s to hate about Austin lol
What makes you think the growth opportunities are here rather than in SF? SF is still >50% of all VC funding and home to the most unicorns.
Conversation Starter
300k
Would figure taxes alone would eat up nearly $100k. I know Austin isn’t a cheap place but SF is next level for comparable housing.
Right now I’m living in downtown 1B/1B for $1300 - would rent be like $3500 for comparable size (700 sq ft)?
There isn’t much in Austin at 20-30 minutes from downtown left at 400k. Expect older and smaller at that price. A year ago for sure. Now not so Much.
Very true !