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In a tiny town in the middle of nowhere middle america, where the cost of living is 90% the national average, we can't keep college grads starting at $75k with
by merpnderp 10y ago
In a tiny town in the middle of nowhere middle america, where the cost of living is 90% the national average, we can't keep college grads starting at $75k with an assured 10% bonus. This is a town where all marble 4,000 square foot McMansions start at $240k. bestplaces.net puts this as a comparable salary to around $280K in San Fran.
- poikniok 10y agoNo surprise when those same college grads get comp packages of 200k / year at top places.
- pmiller2 10y agoMaybe, but $280K in SF pays off the student loans a hell of a lot faster than $83K in the middle of nowhere.
- draw_down 10y agoYep. Fixed costs.
- merpnderp 10y ago$83K in the middle of nowhere is for entry level positions. $280K in San Fran are rock stars well into the 99% of salaries. You're comparing a starting first year fresh out of school who can easily afford a McMansion on a large acreage with a seasoned developer who's in the top 1% of their colleagues who can now just afford a nice condo.
- lpappone 10y agoMost new grads don't want to live in a McMansion in the middle of nowhere, even if the salary is great. They want to live in a city with fun things to do and tons of people their own age.