2 ms·
COL eats it away, the extra salary is not worth it. I'm sure its the same for SF, NYC, and other similar cities.
by systematical 7y ago
COL eats it away, the extra salary is not worth it. I'm sure its the same for SF, NYC, and other similar cities.
- humanrebar 7y agoOutside of subsistence salaries, which are not sustainable long term through illness, emergency, and retirement, rate of growth of net worth is a better metric. Point being, putting 2X thousand dollars a year in long term savings in NYC is a better financial choice than saving X thousand a year in Townsville but having a nicer neighborhood or something. Not that the dichotomy works exactly that way, but adjusting gross salary of a senior software engineer by cost of living makes little sense since only part of her pay goes to cost of living.