4 ms·
I once heard the advice "You're better off making X in a second or third tier city than moving to a first tier city to make 1.1X because housing costs twice as
by HillaryBriss 11y ago
I once heard the advice "You're better off making X in a second or third tier city than moving to a first tier city to make 1.1X because housing costs twice as much."
The statement is basically still true today, but I guess the coefficients are a lot higher.
Salary Multiplier: 1.1 is now 2.0
Housing Cost Multiplier: 2.0 is now 3.0 (or maybe 4.0?)
- tsunamifury 11y agoAverage US Home value: 225,000 Average SF Home Sale: 1,200,000 (Condo) So factoring it the fact that the SF condo likely has one less bedroom the HCM is 6.0!