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I make just over six figures in the southeast, and I definitely have a blessed and comfortable lifestyle (no kids, no debt). I can imagine the equation changes
by wakkaflokka 9y ago
I make just over six figures in the southeast, and I definitely have a blessed and comfortable lifestyle (no kids, no debt). I can imagine the equation changes drastically once kids/family are involved. I've visited San Francisco, Los Angeles, and Seattle, and LOVE the cities. But according to CNN's cost of living calculator, I'd have to make a base salary of almost $190k to have a similar lifestyle in San Fran and Seattle. That seems borderline absurd!
- billmalarky 9y agoEven at $190k it wouldn't be completely comparable. Higher taxes eat up a lot of the additional income, and even then things like car ownership and house ownership that are taken for granted in most of the US carry huge costs in places like SF/NYC. To have a comparably sized home you would probably need 5-10 million in NYC for the home alone, as an example.