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Salary comparisons without accounting for cost of living is entirely useless and means nothing.
by askonomm 3y ago
Salary comparisons without accounting for cost of living is entirely useless and means nothing.
- hrududuu 3y agoMeh, you can come up with twenty different methodologies and they all point to coming out way way behind in Finland. SF -> Finland immigrant, took approximately 70% pay cut, and enjoying the 80% marginal tax rate. The health of democracy is way better than the US at least.
- askonomm 3y agoConsumer prices are 35% lower in Finland, rent prices are 70% lower in Finland, when comparing to SF.
- hrududuu 3y agoConsumer prices are not lower in Finland, although VAT is responsible for a lot of the difference, to be fair. Yeah, sales tax in Finland is 24%. I've been in both places in the last year, cried when I bought my used Toyota here. Rent indeed is 70% lower, but you lose by having 70% lower rent and 70% lower salary. Besides, median salaries in Finland are 15% of what they are in SF (staff swe at 500k vs 90k). And the tax burden is way lower, even in CA. Finland has a lot going for it, but there's just no point in debating the money part.
- askonomm 3y agoDo you have a source? My stats are from: https://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&country2=Finland&city1=San+Francisco%2C+CA&city2=Helsinki https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou..., but I'm happy to learn of more correct info on this topic.
- hrududuu 3y agoMy anecdote against a couple hundred, I stand corrected. I think the overall point stands though :)
- chasd00 3y ago> Consumer prices are 35% lower in Finland, rent prices are 70% lower in Finland, when comparing to SF. When comparing to SF, 90% of the planet is that much more affordable. Sheesh there’s more to the world than the plight of San Francisco.