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> $200k in SV is comparable to $70k in most other cities. What's the basis for that estimation? Given California's income tax and higher rent, I'd say that th
by glass_of_water 11y ago
> $200k in SV is comparable to $70k in most other cities.
What's the basis for that estimation? Given California's income tax and higher rent, I'd say that the difference in cost of living is $20-30k, not $130k.
- ryanSrich 11y agoPurchasing a home. That should be the standard. Most people don't want to rent for the entirety of their lives.
- davidw 11y agoPart of the problem is the rampant NIMBYism in that area, which isn't really the fault of people doing startups. Still, though, it really adds to that area being expensive.
- Bahamut 11y agoOne can easily work a few years in the Valley and buy a nice house in much of the country...and likely get an opportunity to work remotely if he/she has worked at the company a few years. The raw numbers are nothing to sniff at, and you don't get that buying power in much of the country.