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re: Even more reason to hate California - check out these Bay Area salaries

Posted on 6/5/18 at 6:47 pm to
Posted by Parade Grounds
BR,LA
Member since Jun 2017
867 posts
Posted on 6/5/18 at 6:47 pm to
I love how all the baws on here that live in Ville Platte or Opelousas say how shitty the Bay Area is. “Yeah they make 300k a year but it costs 200k just in cost of living” that’s completely ridiculous
Posted by Seldom Seen
Member since Feb 2016
48737 posts
Posted on 6/5/18 at 7:55 pm to
quote:

Even more reason to hate California - check out these Bay Area salaries



You should check out there cost of living if you want to know their true standard of living. Many of us here are living better than they they are with a lot less income.
Posted by deltaland
Member since Mar 2011
103875 posts
Posted on 6/5/18 at 8:27 pm to
Cut those salaries in half and take benefits away and replace tech job titles with "plant operator" and you have the typical posts on here you see about once a week
Posted by deltaland
Member since Mar 2011
103875 posts
Posted on 6/5/18 at 8:29 pm to
quote:

2400 Sq Ft new construction developer home, paid just under half a million.


That's not that bad for a house that size brand new
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 6/5/18 at 9:01 pm to
quote:

You should check out there cost of living if you want to know their true standard of living. Many of us here are living better than they they are with a lot less income.


There is a reason you can buy a mansion in states like LA, AL, MS, AR, etc. for the price of a 1000SQft house in many areas of California, there is much more that makes up the standard of living than just price per square foot of housing. The weather alone in California is worth what it cost to live there.
Posted by athenslife101
Member since Feb 2013
20647 posts
Posted on 6/5/18 at 9:03 pm to
You sound jealous.
Posted by Powerman
Member since Jan 2004
175701 posts
Posted on 6/5/18 at 9:06 pm to
quote:

Those are like $35,000 in BR though



Wrong

The housing is much more expensive but not everything else is scaled upward

If you make 185K a year you can find a decent apartment in the area and still have a ton of disposable income
Posted by athenslife101
Member since Feb 2013
20647 posts
Posted on 6/5/18 at 9:09 pm to
Someone I know was on a team that was based in Chicago that the company wanted to move to Connecticut. The company said they would give raises. This person probably made 130k. The manager of said team did the math for everyone on the team and said the average team member would have to make double to live in Connecticut for the same standard of living.


It ain’t just California
This post was edited on 6/5/18 at 9:17 pm
Posted by athenslife101
Member since Feb 2013
20647 posts
Posted on 6/5/18 at 9:11 pm to
Yeah, my sister just payed 500k for a 3rd floor condo that’s about 1800 to 2200 sq feet. 500 k ain’t bad for a house
This post was edited on 6/5/18 at 9:12 pm
Posted by StringedInstruments
Member since Oct 2013
21082 posts
Posted on 6/5/18 at 9:15 pm to
quote:

If you make 185K a year you can find a decent apartment in the area and still have a ton of disposable income


That’s what? At least $10k/month after taxes and insurance?

Even if you’re paying $5000/month for an apartment, that leaves $5000/month for bills, savings, and fun. That’s a pretty good life no matter where you are.
Posted by Robin Masters
Birmingham
Member since Jul 2010
36821 posts
Posted on 6/5/18 at 9:18 pm to
Don’t those guys do shiploads of blow to stay focused at work? Gotta factor that in to cost of living.
Posted by Ric Flair
Charlotte
Member since Oct 2005
13879 posts
Posted on 6/5/18 at 9:20 pm to
You have to realize that these engineers are not the run of the mill plant/pipeline mechanical engineer from Louisiana or Texas. These are software engineers or other types of engineers who know programming. The best of the best.

If I were single, I would do it in a heartbeat, mainly for the bonus/stock options.
Posted by Powerman
Member since Jan 2004
175701 posts
Posted on 6/5/18 at 9:20 pm to
quote:



That’s what? At least $10k/month after taxes and insurance?

Even if you’re paying $5000/month for an apartment, that leaves $5000/month for bills, savings, and fun. That’s a pretty good life no matter where you are.

I ran a simulation on 200K a year in CA with maxing out a 401K (9%)

Your weekly paycheck would look like this

Weekly Gross Pay $3,557.69
Federal Withholding $763.57
Social Security $220.58
Medicare $51.59
California $299.70
SDI $35.58
401K $355.77
Net Pay $1,830.90

4.33 weeks in a month but let's just round it down to 4

Over 7200 a month take home while maxing out a 401K plan.

You could easily put a budget together for a 3K rental and have plenty of room for the rest of your bills, savings, and entertainment with the remaining 4K a month

And the last 3 months of the year or so you won't be paying anymore FICA taxes so add 800 a month extra there to throw in the bank
Posted by BlueWaffleHouse
LA
Member since Jul 2012
2014 posts
Posted on 6/5/18 at 9:24 pm to
W/ the salary in the OP, and if someone is young, right out of school, you may be better off buying a tricked out RV (class c) or so and just bring your house to the office each day. Would be better than spending half a mill on about the same square footage.
Posted by Walking the Earth
Member since Feb 2013
17464 posts
Posted on 6/5/18 at 9:31 pm to
quote:

you may be better off buying a tricked out RV (class c) or so and just bring your house to the office each day. 


Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
83553 posts
Posted on 6/5/18 at 9:35 pm to
no wonder companies are moving out of California

the cost of labor is insane
Posted by dewster
Chicago
Member since Aug 2006
26627 posts
Posted on 6/5/18 at 9:54 pm to
quote:

W/ the salary in the OP, and if someone is young, right out of school, you may be better off buying a tricked out RV (class c) or so and just bring your house to the office each day. Would be better than spending half a mill on about the same square footage.


Is that why the exact same old RV’s parked on El Camino Real near Stanford are there every time I pass by?
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