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The salaries here do cover the higher cost of living, and if you are able to capitalize on the additional opportunities that are uniquely available here, you co
by uiri 10y ago
The salaries here do cover the higher cost of living, and if you are able to capitalize on the additional opportunities that are uniquely available here, you could end up doing much more than covering costs.
This conclusion is patently false. The article mentioned but failed to calculate California state income tax.
That $15k-33k salary differential is going to be eaten by at least $12k in California income taxes. That leaves $3-21k to cover the additional rent expenses which is $250 - $1750 per month. The difference in median rent is almost $1500 per month. The article itself already admits that Seattle is better if you wish to own rather than rent housing.
EDIT: The salaries at Microsoft (Redmond) are comparable to the salary figure for Google, Facebook, Twitter, Airbnb, and Uber. The salaries at Amazon are $5-10k lower but make up for the difference in stock.
I'm estimating stock and cash bonus to be 40% of salary (which is conservative for Google and Facebook, I think). California state income tax on $160k is $12k.
- nostrebored 10y agoIt's like the author didn't even crunch the numbers. The same for stating that the facebook salary from the bay area is higher; 249 * .133 + 18 = 51.2, suggesting that a Microsoft engineer makes more in take home pay than a comparable Facebook engineer at Level 3.
- deleted 10y ago[deleted]