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I'm curious what percentage of that salary goes to pay for housing. I don't think a higher salary makes sense if the other expenses are proportionally higher.
by mitjak 8y ago
I'm curious what percentage of that salary goes to pay for housing. I don't think a higher salary makes sense if the other expenses are proportionally higher.
- ryanobjc 8y agoSo here's the thing, yes your percentage might be higher. But what's left over is in absolute terms huge. For example, if you have an extra $3000 a month after paying for housing, that's pretty powerful even if you are paying 40% for housing. Sure in a different place you might be at 30% but your post-pay is like $1000. So net wise you're 3x better even with a "worse" rent percentage.
- majormajor 8y agoIf I'm spending 3.5K on rent but pocketing another 4K every month after taxes - plus getting bonuses - I'm a bit less upset about the cost of living. I'm not spending 4K a month on food!