3 ms·
They probably just multiplied cost of living straight up. Of course it doesn't work like that. If you live 20% below your "maximum means" then you can sock away
by jwatte 9y ago
They probably just multiplied cost of living straight up. Of course it doesn't work like that. If you live 20% below your "maximum means" then you can sock away a lot more money in the higher cost markets.
Also, certain expenses, like cars, 401ks, and student loan payments are fixed cost and thus their relative percentage grows in cheaper/lower salary areas.
So, anyone saying "adjusted for cost of living" needs to also cough up methodology details, or the comparison is impossible.
- balls187 9y agoDo people own cars in San Fran? You pretty much need to in Austin.
- baddox 9y agoIn my experience, mostly in the small pre-series-B tech startup scene in SF, very few people who live and work in SF own cars.
- santaclaus 9y ago31% of San Franciscans are car free [1]. In 2015, at least, over 50% of trips in San Francisco were made without a personal car [2]. [1] https://en.wikipedia.org/wiki/List_of_U.S._cities_with_most_households_without_a_car https://en.wikipedia.org/wiki/List_of_U.S._cities_with_most_... [2] https://sf.streetsblog.org/2015/02/03/new-data-shows-most-trips-in-sf-are-made-without-a-private-automobile/ https://sf.streetsblog.org/2015/02/03/new-data-shows-most-tr...
- loeg 9y agoYou don't need to in SF, but kind of do if you live in the broader bay area, which is much more sprawled.