4 ms·
> You need to compare the difference in CoL as the percentage of that salary that goes towards CoL. Great insight. Here in NYC, I know a few frugal programmers
by sotojuan 9y ago
> You need to compare the difference in CoL as the percentage of that salary that goes towards CoL.
Great insight. Here in NYC, I know a few frugal programmers who share a 2 bedroom with a friend such that he pays about 25% of his income in rent (that's A LOT of money to save/enjoy life with). Another is nearing 40% but because he prefers living alone. And there's always the "I want to live like they did in Friends/I want a 10 min commute" coworker that spends 60%+ on rent.
These kind of studies make it seem like most people live like the latter, when my personal experience as an engineer in NYC, the city is not unaffordable at all ... unless you want to own property ASAP. Honestly, what I've learned is that COL discussions are hard because people spend money differently and value different things.
- deleted 9y ago[deleted]