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The problem is that for the same city, same job, same gross income, people's savings rates can vary wildly. On one extreme you have the Google employee living o
by Jach 10y ago
The problem is that for the same city, same job, same gross income, people's savings rates can vary wildly. On one extreme you have the Google employee living out of his car in a parking lot. On the other extreme you have another Google employee who's living paycheck-to-paycheck because he spends just about all he makes. I don't know what the total distribution would look like for tech (or even tech in each city) so I'd be skeptical of any reports just using the mean or median. If it turns out it's all a nice bell curve (or some other nice distribution), then it could be helpful to see which cities have a tendency for saving and what you could expect your savings would be in total if you lived approximately like most others in the area. Otherwise you need to see the whole distribution for what's possible (I hear LA makes it hard to live out of your car), how it's done, and whether you think you could do it too.