Hacker News new | ask | show | jobs
by czbond 3836 days ago
The number is "high" as a single datapoint, but only due to an inflated SanFran economy. A $250k SF job adjusted to where I live in Dallas is actually considerably less than I make. I would need nearly $370k in SF dollars to do the same thing.

http://money.cnn.com/calculator/pf/cost-of-living/

2 comments

Actually, one small correction to your math.

You should adjust, for cost of living, only the part of your paycheck that you will be spending while living in that area.

E.g., supposed SF is twice as expensive as Dallas. If you make $100k in Dallas, and you typically spend $70k of it in Dallas while saving $30k (to spend later in life somewhere else), you would need to make $70k x 2 + $30k = $170k in SF (for an overall adjustment of 1.7) rather than $100k x 2 = $200k in SF (for an overall adjustment of 2).

Then again, if you're planning on living somewhere for the rest of your life, it's safe to assume that whatever money you make in that place, you'll also be spending in that place. Therefore, in that situation, multiplying by 2 would be correct after all.

Right I'm well aware of the cost of living, but he did answer that he was 30 and living in SF. I live in Boston which is of relative cost-of-living (and salary) parity to SF, but you don't see $250k jobs being advertised for Google, Twitter and Microsoft here in Boston. I also feel like that number is inflated because a big portion of that likely comes beyond base salary (stock options, etc).
Absolutely agree!