4 ms·
In my case - because I can. It's part of my value proposition from my employer's perspective. I try not to think about it in terms of total compensation, but o
by Ancapistani 3y ago
In my case - because I can. It's part of my value proposition from my employer's perspective.
I try not to think about it in terms of total compensation, but of marginal income (net income - cost of living).
My taxes here are lower, and my cost of living is much lower. I own a 5-bedroom home on half an acre that I paid $125k for. My mortgage is $850 / month. My entire monthly expenditures, including food and such, are around $3,500.
- selimthegrim 3y agoI assure you no one's mortgage here is $850 a month unless they bought after Katrina (and even then insurance now has obviated that). Personally I just think employers here think the talent has handcuffs and won't or can't leave. It's not so much about matching the Bay Area salaries but more about respect (a place in Metairie that starts at 120k outright tells you "We don't want you leaving after two years (and implied minimal raises)".)
- Ancapistani 3y ago> I assure you no one's mortgage here is $850 a month That doesn't surprise me, but it doesn't change my point. Your math is just slightly different. I'm not super familiar with NOLA housing prices and such, but I can't imagine that it's on par with SF or LA. That means you can work for a lower base comp and still have the same amount (or more!) left over after meeting your basic needs.