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Your tax math is wrong. Assume you make $100k, and your effective federal income tax rate is 25%. You make $75k after federal taxes and no state taxes in some

Your tax math is wrong. Assume you make $100k, and your effective federal income tax rate is 25%. You make $75k after federal taxes and no state taxes in somewhere like Florida or Texas. In CA - if you assume 10% state income tax - you make $65k. You have 15% more disposable income in FL or TX. You need to earn 15% more in CA to have the same disposable income. The average worker in SF is getting paid 10%+ more than the average worker in FL or TX. If you factor in SALT, CA's low property tax, prop 13, and the mortgage interest deduction - you're way better off owning a home in CA financially. And if you rent - the average person isn't meaningfully that much worse off that they're going to leave their friends & family & community for a <5% tax arbitrage. If you want to, no one is stopping you.

tested23 4y ago
Calculate how much more you need to earn in CA to make $75k. Im assuming higher federal taxes than you are. Half of Sf is transplants, they arent living close to family > The average worker in SF is getting paid 10%+ more than the average worker in FL or TX 10pct more is not enough to cover the difference. Also if you are good you can make sf salary anywhere in places where the cost of food is a third of the price
- vlovich123 4y ago
  All employers that I’ve seen adjust your salary down to wherever you end up living.
- onlyrealcuzzo 4y ago
  > Calculate how much more you need to earn in CA to make $75k. I did. It's 15%. You ignored it. > Also if you are good you can make sf salary anywhere in places where the cost of food is a third of the price. If you are skilled in The Bay - you can easily make $500k+ per year. Saving $700 per month on food would not be a consideration for almost anyone at that income. At the $500k+ budget - almost all companies are paying 10-15% less if you move elsewhere - at which point - financially alone - it rarely make sense to leave.

tested23 4y ago

Calculate how much more you need to earn in CA to make $75k. Im assuming higher federal taxes than you are. Half of Sf is transplants, they arent living close to family > The average worker in SF is getting paid 10%+ more than the average worker in FL or TX 10pct more is not enough to cover the difference. Also if you are good you can make sf salary anywhere in places where the cost of food is a third of the price

vlovich123 4y ago
All employers that I’ve seen adjust your salary down to wherever you end up living.
onlyrealcuzzo 4y ago
> Calculate how much more you need to earn in CA to make $75k. I did. It's 15%. You ignored it. > Also if you are good you can make sf salary anywhere in places where the cost of food is a third of the price. If you are skilled in The Bay - you can easily make $500k+ per year. Saving $700 per month on food would not be a consideration for almost anyone at that income. At the $500k+ budget - almost all companies are paying 10-15% less if you move elsewhere - at which point - financially alone - it rarely make sense to leave.