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According to CNN's cost of living calculator (http://cgi.money.cnn.com/tools/costofliving/costofliving.html http://cgi.money.cnn.com/tools/costofliving/costofli

by dstein 16y ago

According to CNN's cost of living calculator (http://cgi.money.cnn.com/tools/costofliving/costofliving.html http://cgi.money.cnn.com/tools/costofliving/costofliving.htm...): $100,000 in Mountain View, CA = $58,302 in Austin, TX = $73,992 in Seattle, WA = $71,306 in Chicago, IL = $61,660 in Cleveland, OH And from a quick skim down any real estate listing for Mountain View, CA I think these numbers might be a bit on the high side.

joezydeco 16y ago
Yeah, real estate in the area is what stuck out in my mind the most. I have no idea what rents are like, but then again a new, single grad doesn't mind shacking up with a few other people and keeping costs down. An experienced engineer with a family and kids looking for a house might not fare as well.
m_myers 16y ago
Interesting; it turns out I make right around MV$100,000. Never realized that. But given two roughly equal-valued salaries, I think the higher absolute salary is still superior. Savings, for instance, don't scale with cost of living; saving 20% of $100,000 is much different from saving 25% of $40,000.
- cdr 16y ago
  Also, if you relocate from Mountain View, I suspect you'd be able to keep more of your salary than the cost-of-living decrease would strictly dictate.
- njharman 16y ago
  But cost of living can mean you save none of the $100,000 and lots of the lower salary.
- mikebabineau 16y ago
  These savings can only come after the cost-of-living overhead. It's important to note that average salary does not scale 1:1 with cost of living. Depending on your finances, a 20% bump in pay with a 40% increase in cost of living may lower your discretionary income. For some, this is offset because overhead does not scale 1:1 with salary: living in a high-cost area provides a greater discretionary income advantage to those with high incomes than for those with modest incomes.
bostonOU 16y ago
I just moved from Oklahoma to Tennessee and CNN's housing estimate is way off. It says TN is 20% cheaper and it is actually just the opposite.
- agraddy 16y ago
  Probably depends on where in Oklahoma and Tennessee. I moved from Tulsa to Nashville three years ago and the housing market seems fairly equivalent to me with Nashville being slightly higher (which makes sense with Nashville being larger than Tulsa).

by dstein 16y ago

joezydeco 16y ago

Yeah, real estate in the area is what stuck out in my mind the most. I have no idea what rents are like, but then again a new, single grad doesn't mind shacking up with a few other people and keeping costs down. An experienced engineer with a family and kids looking for a house might not fare as well.

m_myers 16y ago

Interesting; it turns out I make right around MV$100,000. Never realized that. But given two roughly equal-valued salaries, I think the higher absolute salary is still superior. Savings, for instance, don't scale with cost of living; saving 20% of $100,000 is much different from saving 25% of $40,000.

cdr 16y ago
Also, if you relocate from Mountain View, I suspect you'd be able to keep more of your salary than the cost-of-living decrease would strictly dictate.
njharman 16y ago
But cost of living can mean you save none of the $100,000 and lots of the lower salary.
mikebabineau 16y ago
These savings can only come after the cost-of-living overhead. It's important to note that average salary does not scale 1:1 with cost of living. Depending on your finances, a 20% bump in pay with a 40% increase in cost of living may lower your discretionary income. For some, this is offset because overhead does not scale 1:1 with salary: living in a high-cost area provides a greater discretionary income advantage to those with high incomes than for those with modest incomes.

bostonOU 16y ago

I just moved from Oklahoma to Tennessee and CNN's housing estimate is way off. It says TN is 20% cheaper and it is actually just the opposite.

agraddy 16y ago
Probably depends on where in Oklahoma and Tennessee. I moved from Tulsa to Nashville three years ago and the housing market seems fairly equivalent to me with Nashville being slightly higher (which makes sense with Nashville being larger than Tulsa).