4 ms·
Really not that much when you take out the taxes, food and housing premium of the area. That is what should floor you as well
by whoiskevin 11y ago
Really not that much when you take out the taxes, food and housing premium of the area. That is what should floor you as well
- untog 11y agoIt is still a lot of money.
- chucksmash 11y agoYou are utterly and completely incorrect. $30,000 a month is a fantastic salary. No ifs, ands or buts.
- rgawdzik 11y agoYes, considering that is the equivalent of a minimum wage yearly salary every two weeks.
- stefap2 11y agoMonthly Gross Pay $29,166.67 Federal Withholding $8,195.61 Social Security $1,808.33 Medicare $422.92 California $2,831.70 SDI $262.50 Net Monthly Pay $15,645.61
- frankc 11y agoit's better than that because social security tax will be capped four months in.
- raverbashing 11y ago5k can get you a nice place in SV (maybe even less) Even if you have kids you can probably save something like 5k/month, which is good.
- drewg123 11y agoIt is still pretty good. If you figure the housing premium between the Bay Area & a "normal" city is $1.5M vs $300K for roughly the same "middle class" house, then the monthly mortgage difference is about $5500, or about $66K/year. So that $350K is equivalent to $284K in a "normal" place. Even being really conservative, and figuring extra costs (private school tuition, because even that $1.5M might not be enough to get you good schools, extra CA taxes, higher insurance rates, etc), we're still at an equivalent of about $250K. And that's a lot better than most people could get in any "normal" metro area as a Software Engineer.