3 ms·

You can start imagining though, 350k is ... not that much in high cost area like Bay/NYC/Seattle Especially so if you are single income family.

ramesh31 5y ago
>350k is ... not that much in high cost area like Bay/NYC/Seattle Yeah it really still is. Living in the bay area as a single 20 something making that kind of money you are approaching 1% status. Rent is a little higher sure, but what really is the difference between $2k/month and $4k/month when you're bringing home $20k+/month? And everything else in California besides housing is the same as anywhere else really in terms of cost of living.
- karmasimida 5y ago
  For the record. You don't bring 20k+ per months, more like 9k+ after tax/401k contribution. And stock grants are liquid assets, but they are not cash, and most people I know won't exercise them right away, so they are still numbers in certain DB table
  - ericd 5y ago
    Eh for those liquidating them, most are turning most into equity in other companies/funds - ie a number in the same sort of DB table, albeit with a different ticker attached.
  - kaesar14 5y ago
    401k contributions are still savings, deduct that (at a max contribution rate that’s like 1.5k) and you’re at 10.5k a month. The bit about stock grants is meaningless, if it’s a public company that is straight cash.
vanusa 5y ago
Median household income in Santa Clara County is $140k. How on earth can you say that $350k is "not that much"?
- karmasimida 5y ago
  I mean the average software engineer salary in the area is like 220k-240k.
  - vanusa 5y ago
    I meant for like, you know, regular people. Also, I'd be curious to know where you get your numbers from - simply because numbers for total comp (across all companies) seems hard to come by. One can't go by what's posted on levels.fyi of course, because that's skewed heavily towards people who have ... something to brag about.

ramesh31 5y ago

>350k is ... not that much in high cost area like Bay/NYC/Seattle Yeah it really still is. Living in the bay area as a single 20 something making that kind of money you are approaching 1% status. Rent is a little higher sure, but what really is the difference between $2k/month and $4k/month when you're bringing home $20k+/month? And everything else in California besides housing is the same as anywhere else really in terms of cost of living.

karmasimida 5y ago
For the record. You don't bring 20k+ per months, more like 9k+ after tax/401k contribution. And stock grants are liquid assets, but they are not cash, and most people I know won't exercise them right away, so they are still numbers in certain DB table
- ericd 5y ago
  Eh for those liquidating them, most are turning most into equity in other companies/funds - ie a number in the same sort of DB table, albeit with a different ticker attached.
- kaesar14 5y ago
  401k contributions are still savings, deduct that (at a max contribution rate that’s like 1.5k) and you’re at 10.5k a month. The bit about stock grants is meaningless, if it’s a public company that is straight cash.

vanusa 5y ago

Median household income in Santa Clara County is $140k. How on earth can you say that $350k is "not that much"?

karmasimida 5y ago
I mean the average software engineer salary in the area is like 220k-240k.
- vanusa 5y ago
  I meant for like, you know, regular people. Also, I'd be curious to know where you get your numbers from - simply because numbers for total comp (across all companies) seems hard to come by. One can't go by what's posted on levels.fyi of course, because that's skewed heavily towards people who have ... something to brag about.