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My net income was significantly higher after leaving NYC. Let's put it that way =)
by joe-mccann 15y ago
My net income was significantly higher after leaving NYC. Let's put it that way =)
- rdouble 15y agoWhich I take to mean no, but you pay less in rent or mortgage.
- joe-mccann 15y agoSo if you make $140k in NYC, but only take home say $95k. Or you make $120k, but take home $95k. Then it's about the same. Now factor in cost of living. The $$ in your pocket is higher. If you more concerned with the nominal/gross dollar amount as opposed to net income, I feel you are looking at the wrong metric.
- rdouble 15y agoThanks. I was just asking because I have a program I use to calculate the actual net pay. Most of the time when people propose these sorts of moves to me, they either did not do the math, or their math is factoring in other CoL adjustments I don't care about, or they are actually lying. It's almost never been a decision between $120K in the Midwest vs. $140K in NYC. More like $75K in the Midwest. FWIW it looks like $120K in Austin is indeed almost exactly the same take-home as $140K in NYC. Austin you would make about 20 more dollars per week.
- joe-mccann 15y agoAre you asking me to share my specific income? That's not gonna happen. Let's do some hypotheticals. $140k in NYC (this is a common salary/comp) $120k in Austin (this is a common salary/comp) Nominal dollar amounts, yes, $20k is dollar for dollar, less. But now, factor in your taxes (NY State tax, Kings County, etc.) That $140k is now significantly less. Factor in cost of living being TWICE as much (literally, my rent per sq ft was more than twice what it was in Austin). You now are TAKING HOME less money. So when I said net income, that's what I meant. If you're more concerned with a higher salary and less net income, then, well good luck to ya. I prefer to have more $$ in my pocket after it's all said and done.
- rdouble 15y agoI just asked whether you got paid the same in NYC as you do in Austin which is a yes or no question...no details required. Regarding take home, even with taxes and higher CoL I've still been able to save and invest more money in NYC due to much higher salaries. All that said it is good to know $120K is a common salary in Austin, thanks for the info.
- joe-mccann 15y agoYou're welcome, but the reason I explained is the answer is yes AND no. Yes, because gross dollar amount is less but No because take home is much more.
- deleted 15y ago[deleted]
- mahyarm 15y agoSo what would that 140k NY Salary and 120k Austin Salary be in the Bay Area?