3 ms·
It really depends. We have 2 children so good schooling is a must and the better neighborhoods in SD cost a pretty penny. I currently live in Dallas, TX and fo
by hkarthik 13y ago
It really depends. We have 2 children so good schooling is a must and the better neighborhoods in SD cost a pretty penny.
I currently live in Dallas, TX and for me the numbers work out this way:
* Housing is 2-3x more expensive for comparable neighborhoods.
* Jobs pay about 10-15% less on average.
So if you have a $100K income and own a $300K home in Texas, you can expect to get a $85K income and own a $900K home (worst case scenario). Downsizing can make the numbers more favorable, but it only gets you so far.
All that being said, I would probably need an secondary income stream that provides an additional 25% or more of my primary income stream to justify moving out there.
- mrfusion 13y agoI wonder if you could argue that you'd need a smaller house since you could spend more time outdoors? Food for thought ...