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Yeah exactly, it’s such a catch-22. High-paying jobs pull you into VHCOL areas, but then you’re spending so much just to live there. It’s why remote work feels like a game-changer because for once you could earn that income without being stuck in an overpriced market. I wouldn't be surprised if this is part of the reason why RTO policies have become so popular because it kind of eliminates that opportunity
RTO is just disguised reductions in force/layoffs.
That's about right. If you aren't that interested in what a particular city has to offer, you may be better off just making a living somewhere else. Or, of course, there may be work that fascinates you, or a particular company you want to work for. But on some level it all becomes an exercise in keeping your head above water.
Pro
Yeah, there is value “dealing with it” for a little and set a good base salary foundation then move to a cheaper place.
I lived in an HCOL area, moved to Huntsville, AL which I would consider LCOL and make more than I did before. I just depends on what industry you are in and where the epicenters are. Granted there will normally be a linear relationship to VHCOL area where everyone will make more. However, if you find other areas where your particular skills are in demand in a lower cost area you can find pockets that work very effectively.
Rising Star
Huntsville is LCOL?! It is like Austin TX now... When I visit, it seems expensive and "hip"
There are high paying jobs in non HCOL areas just not as many
Rising Star
I'd argue that those jobs are for highly technical or experienced folks