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Some sort of housing adjusted salary would be valuable. But simply as a percentage type thing might miss the way people experience expenses. Think about it th
by geebee 11y ago
Some sort of housing adjusted salary would be valuable. But simply as a percentage type thing might miss the way people experience expenses.
Think about it this way. Suppose you make $30,000 a year, and your housing costs are $10,000 a year.
Now suppose you make $200,000 a year, and your housing cost are $100,000 a year. Aside from that, prices in the higher cost area are maybe 10-20% higher.
You might actually have more disposable income in the second scenario, along with more opportunities to enjoy it. This is why I think SF is still a pleasurable place to live for people who substantially exceed a certain threshold. That threshold is very high, though.