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People really overestimate how much COL affects how much you earn in San Francisco. $70k in Atlanta is not close to $235k in San Francisco (both typical new gra
by friedman23 8y ago
People really overestimate how much COL affects how much you earn in San Francisco. $70k in Atlanta is not close to $235k in San Francisco (both typical new grad starting salaries). Assuming you spend $40k on rent a year without having a roommate in San Francisco you still have $101k after taxes.
- rademacher 8y agoI agree completely. Cost of living is dominated by your housing expense, so to scale you're basically just looking at the net delta in rent or mortgage divided by the tax rate, so like current_salary + rent_delta/0.6 seems a reasonable way to find a break even point.
- electricslpnsld 8y ago> $70k in Atlanta is not close to $235k in San Francisco (both typical new grad starting salaries) Say what? Not even Google starts people at a 235K salary. Total comp package sure (so starting bonus, bonus, RSU grants). In the last year or so, the new grads I'm friends with are averaging around ~150K a year starting base salary from the big companies in the bay.
- deleted 8y ago[deleted]
- friedman23 8y ago> Say what? Not even Google starts people at a 235K salary Yes, that was my mistake. $235k is a total compensation.