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Because you are young and it’s fun to socialize, dine, drink and experience NYC. Great place to eat, drink, and let’s be honest- to get laid.
It just ain’t the same in that small town you likely grew up in. (As did I, btw)
The problem isn’t that the city is expensive, it’s that your employer has made a point of not compensating you well enough.
Chief
The low salary relative to the high cost of living boils down to replacement cost. It is easier to find your replacement in a densely populated supermetro than in a small city. If you walk because your wages are too low, the pool of candidates to replace you is deep.
Rising Star
If you move you can tell everyone how much better New York is. That’s what most of them seem to do anyway.
Rising Star
That’s why most of us do not live there or SF
Did you not know this when you moved there?
Deblasio
Rising Star
The perks of a city are shadowed during quarantine. Normally, cities are lively with multiple events to see and things to do. But this doesn’t really matter if you don’t care for going out.
Moved from LCOL Midwest city with my $500/mo apartment to nyc have a 2k/mo apartment now and love every minute of it, after 6 months here looked for and got a new job with a huge raise. Opportunities for new jobs is endles and competition is high in nyc, not to mention the learning opportunities you only get in these big cities . Don’t think I’d wana live here or the suburbs when I have a family, but in my 20s when all I do is work and socialize, why not?
Rising Star
In your 20s with no spouse or kids, then you do you.
Rising Star
The NYC city income tax is higher than most states. I can’t believe people tell themselves the arts and entertainment are worth it. I visit NYC once a year and don’t understand what the big deal is. It’s a big city not much different than LA or Chicago. I’d rather go to Las Vegas or Key West. I recently moved to Dallas (from Chicago) and can’t believe how much money I’m saving. There is no lack of things to do and the economy is booming - wish I would have moved here 5 years ago.
Chief
Me too! I would never entertain the thought of living/working in SF or NYC. Not worth the smell or the noise to me.
However, some of my former colleagues moved to those cities because it gave them a better demographic balance to finding a life partner.
Chief
NYC or SF only make sense if there is something in the city that you cannot live without.
As crappy as ordinary life can be in a major supermetro, there's no denying that the density of food, entertainment and nightlife is outstanding.
For some people, this may not matter. Who cares if there are 20 Michelin starred restaurants in a 2 mile radius of your house if you just want to eat at Applebees? Who cares if you live near an international airport that has routes to every state and 200 different countries if you hate traveling and only speak English?
As far as opportunities are concerned, you can find plenty of opportunities in other, less crazy places assuming you are at least at the median skill level of your profession.
Chief
EY1 - There are some folks who choose to live in a city like SF rather than say, SLC, for various reasons. Sometimes affordability is only a minor part of the equation.
You can live in NJ and commute
I moved from Houston to NYC two years ago, and in that time my income has increased 100% Say what you will about cost of living but I'm personally far better off having moved
Rising Star
Many exit ops exist in mid-tier cities now. Could have found the 100% pay increase in Houston and kept more of it in your pocket.
Opportunities
Also DC
Dc is definitely on the high end, but I don’t think it’s the same level as NY.
You can always move
People go their mainly for the experience and the opportunities. Also, it’s something you’ll likely only be able to do while you’re young.