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No state income tax, though.
But the overall cost of property is quite low, and you have full control over how much property you buy. Also, remember that rentals already have the owner’s property tax baked in and yet are still low compared HCOL areas.
I’m not in your industry, so listen to people that are. But you may find it interesting to know that at least one industry doesn’t adjust salaries down for Houston. I’m at a BigLaw firm and our compensation here in Houston is identical to NYC ($235k starting, and annual raises up to $530k+ are also the same).
I’d be shocked if you did. That said, I’d expect a net loss in disposable income if I moved from Houston to CT.
Depends on firm. For reference, I just got promoted to senior tax associate. I was at 68k last year for a second year associate, so I would assume it’s close to 70k now, so maybe a slight drop, but not much if at all
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I was 70k second year at Deloitte last year
Rising Star
Likely depends on your firms policies. Some have rigid COL tier that will take effect immediately. Some will keep you at your current salary but pay progression will stagnant since you’ll be at the top of your band. Some won’t do anything. Really depends on the firm.
Pro
What do 0 YOE Tax Associate 1s make in CT?
Pro
at Deloitte they make 64k, though I wouldn’t be surprised at all if CR made more. MM tends to make more at the lower levels
Not at this level
Thanks guys!
state income tax isn’t bad in CT. Maybe 3k at my tax bracket for income tax.
Property tax - 500 for my car
Rent was 1,200 (splitting in Hartford)
All other costs were reasonable