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Do Tesla’s cost half as much in Bentonville? What about MacBook Pros or student loan payments?
by akhilcacharya 7y ago
Do Tesla’s cost half as much in Bentonville? What about MacBook Pros or student loan payments?
- faceplanted 7y agoNo, but food and rent cost far less, meaning you can buy more Teslas and pay off more of your loans.
- akhilcacharya 7y agoThe math doesn’t add up. Food isn’t uniformly half as expensive and rent is only a limited percentage of your take home. A 1k apartment vs a 4K apartment is a yearly difference of $36k, not $100k.
- hellisothers 7y agoThis. 10 out of 10 discussions I have around this topic with people looking to move out of the Bay Area results in the other party realizing money isn’t going to net out in their favor.
- mountainofdeath 7y agoAlso, don't forget that need based aid (assuming you are talking about student loans for children) are calculated off your total earnings and assets, irrespective of location.
- strikelaserclaw 7y agobiggest purchase of anyone's (average/above average people) life is always a house. When we say purchasing power, we have to include the "weight" of a house (which is proportionally much much greater than say purchasing a macbook pro.)
- mountainofdeath 7y agoNo, but if you are careful with money you can pocket more. For example, Texas and Washington do not levy a state income tax, letting you keep about 10% more (even more true now that you can no longer exclude state tax from federal earnings). Property taxes and housing tend to be far cheaper in Texas and until recently, were also lower in Washington.