4 ms·

Take-home pay on $175K in CA is $10k/month, not $8k/month https://smartasset.com/taxes/california-tax-calculator#RZ3V1bp566 https://smartasset.com/taxes/califo

• stefano 8y ago
  Earning 10k/month after taxes and still having to share an apartment is not normal.
• d1zzy 8y ago
  If you're single I can see the advantages (beyond the obvious financial savings) of sharing an apartment. Doesn't really work as a couple/family. I was saving much less per month because as a couple we rented our own single bedroom apartment and my SO doesn't work. However, we still managed to save enough in 5 years (while still not having sold most of the vested equity) to buy a house in the Bay Area. So I agree that the pay is worth the hassle, so far at least. I'm curious how much you spend for food monthly (including restaurants)? Somewhat surprisingly this is the highest cost for us, after rent/mortgage, and we do cook a lot at home (go out maybe twice a month).
• thirduncle 8y ago
  Sharing an apartment isn't "spartan", it's "normal" It may be "the new normal" in the Bay Area and other hyperstressed markets. But it's not a living standard most people aspire to.
• LyndsySimon 8y ago
  > Sharing an apartment isn't "spartan", it's "normal" From my perspective, as the sole income earner of a family of four, that's a pretty shocking statement. I feel like I've built a very comfortable life for myself and my family, and I make quite a bit less than that.