At least in my experience, this isn't true where I live. Rent in Munich is basically the same as Seattle (where I used to live), if not higher. I pay something

At least in my experience, this isn't true where I live. Rent in Munich is basically the same as Seattle (where I used to live), if not higher. I pay something like 600 Euros/month/person for private health insurance in Germany. The fact that I'm ON private insurance is probably a mistake on my part, but that's a separate discussion. And frankly, the $70k/year thing doesn't even count the increased bonus ranges or increased raises you get from that base salary increase.