What would you choose?

1. Move to a competitor in current city. Salary will go from $190k to $215k (higher cost city, more opporrunities if things doesnt work out, current 2 bedroom apartment goes for $2800).

2. Move back home to lower cost city. Fewer opporrunities if doesnt work out. New salary is $185k. Two bedroom apartment goes for $1,200 to $1400.

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Do you like living in lower cost city? If so, it’s a no brainer. Expenses don’t stop at rent in HCOL cities

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Live where you like to live

likesmart

I live in a lower cost city (although it’s rising) and I wouldn’t move to a bigger, expensive city unless there were other factors pushing me to do so, like if family moved there. The difference in salary if I lived in a high cost of living area does not make up for the costs I save living in my current area. Not even close. Do you have a spouse or kids? If not, there’s not really any harm in living in a less expensive city. If you need more opportunity, you have flexibility and can always just move to a different city.

In the lower cost city your rent, an after tax expense, will be $15-20,000 less per year. Your state income taxes could be lower as well. Fewer travel expenses and lost PTO days to visit the family you want to see anyways. And if you hate it you can always move back to Gotham. It sucks to take a pay cut but it sounds like you could be keeping more of what you earn with the lower job offer.

Choose where you want to live. Usually high cost city also comes with more opportunities, more diversity and more activities/events. I’m facing the same situation now and I think I will go with the first choice.

Decide which city or job you are pore interested in. No one can answer that for you

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