3 ms·

Cost of living must be astronomical in the US for 200k to not be "more than liveable". If half your income was spent on rent that would be an insane 8,3k a mon

Cost of living must be astronomical in the US for 200k to not be "more than liveable". If half your income was spent on rent that would be an insane 8,3k a month. and you would still have another 8.3k left. That left-over amount is more than twice what i earn, and i live fairly comfortably, alone, in the middle of Oslo.

Clubber 2y ago
$200K after taxes and insurance and 401K contributions comes out to around $10K a month. If you live in a low cost state, that's great. If you are stuck in SV, that's not as great. Also, when I interviewed with them out of college in the late 1990s, they offered stock options and if you worked there 7 years, you get a paid 3 month sabbatical. I'm not sure if they still do that; that was in the Andy Grove days. I wanted to learn databases and application dev. They wanted me to wear a bunny suit and support their VAX/VMS systems. No thanks.
- deleted 2y ago
  [deleted]
dismalaf 2y ago
American engineer salaries are so insanely higher than anywhere else in the world that I'm pretty sure they've lost all perspective. $200k USD would put you in the top 1% of earners here in Canada.
- coliveira 2y ago
  American engineers have to live in cities that are very expensive, so the $200K is not a fortune as some imagine.
  - dismalaf 2y ago
    So do Canadians. Some of our cities a 1 bedroom 400 square foot condo runs nearly a million dollars...
lupusreal 2y ago
The more money people have, the bigger they spend, the bigger their monthly payments are. Somebody making 100k and somebody making 200k both feel like they're barely getting by. Meanwhile somebody making 50k (in the same city) is also getting by, but may as well be invisible to the first two..
Workaccount2 2y ago
It's really a perspective and "keeping up with the Jones's" situation. You are a tech engineer and "live comfortably" means that you "live like a tech engineer" in the area. Which means "not making financial sacrifices to work at company X". Live comfortably for some people means single family home with yard, 4 bedrooms, 2-3 annual vacations, eating out once a week, shopping at expensive grocery stores, etc. etc. Now put all these $200k or dual income $400k people in the same area and it becomes a race to the bottom of "who is willing to live closest to paycheck to paycheck".
- p1esk 2y ago
  Don’t forget kids expenses. Private school is $3-4k/mo each kid, private lessons could be as high as $100/hr.
ac29 2y ago
In the US, salaries are always given as gross (pre-tax). Someone earning $200k gross in California would take home around $130k/year if single and $145k/year if married.

Clubber 2y ago

$200K after taxes and insurance and 401K contributions comes out to around $10K a month. If you live in a low cost state, that's great. If you are stuck in SV, that's not as great. Also, when I interviewed with them out of college in the late 1990s, they offered stock options and if you worked there 7 years, you get a paid 3 month sabbatical. I'm not sure if they still do that; that was in the Andy Grove days. I wanted to learn databases and application dev. They wanted me to wear a bunny suit and support their VAX/VMS systems. No thanks.

deleted 2y ago
[deleted]

dismalaf 2y ago

American engineer salaries are so insanely higher than anywhere else in the world that I'm pretty sure they've lost all perspective. $200k USD would put you in the top 1% of earners here in Canada.

coliveira 2y ago
American engineers have to live in cities that are very expensive, so the $200K is not a fortune as some imagine.
- dismalaf 2y ago
  So do Canadians. Some of our cities a 1 bedroom 400 square foot condo runs nearly a million dollars...

lupusreal 2y ago

The more money people have, the bigger they spend, the bigger their monthly payments are. Somebody making 100k and somebody making 200k both feel like they're barely getting by. Meanwhile somebody making 50k (in the same city) is also getting by, but may as well be invisible to the first two..

Workaccount2 2y ago

It's really a perspective and "keeping up with the Jones's" situation. You are a tech engineer and "live comfortably" means that you "live like a tech engineer" in the area. Which means "not making financial sacrifices to work at company X". Live comfortably for some people means single family home with yard, 4 bedrooms, 2-3 annual vacations, eating out once a week, shopping at expensive grocery stores, etc. etc. Now put all these $200k or dual income $400k people in the same area and it becomes a race to the bottom of "who is willing to live closest to paycheck to paycheck".

p1esk 2y ago
Don’t forget kids expenses. Private school is $3-4k/mo each kid, private lessons could be as high as $100/hr.

ac29 2y ago

In the US, salaries are always given as gross (pre-tax). Someone earning $200k gross in California would take home around $130k/year if single and $145k/year if married.