How strong financial "gradients" there are around the Bay area? Do people try to come up with all kinds of remote work scenarios etc. to be able to earn the same wages without having to pay for living there?
How do people who are not software engineers, manage? Are all wages high?
Not really. Some people take their bay area salary and swing it into remote work somewhere else. But most of us like it here and have no desire to move. High cost of living = higher pay. High housing costs = higher expected appreciation. And most people just pay the piper and deal with it. It doesn't seem particularly difficult to afford living here, versus anywhere else I've been. It's just a different world. My sister owned a house in Rochester for 5 years, and when they sold it, they were worried about being able to get the money they paid for it, let alone pay the agent. A roof costs 20% the purchase price. All of a sudden renting looks more attractive. This is not to say you're guaranteed to make money on real estate in SF or Boston or wherever, just that it's a different game, and you can't bring all of your old assumptions into it.
Whether you're in SF or the middle of Wyoming, how many people really optimize for retirement? The software engineer in SF might treat herself to a nicer car after a few years of good raises. The rancher in Wyoming might buy a newer side-by-side for hunting trips after having a few good years. Almost nobody goes full Mr Money Moustache and restricts their spending as much as possible in order to retire as soon as possible. Most people spend most of the money they make and make a vague plan to retire somewhere around 65. So if you're going to spend a decent chunk of what you make, why not do it in the Valley versus anywhere else?
If you're looking to get out as soon as possible, ABSOLUTELY get an SF salary, move to Wyoming, and live in a trailer. Or, better yet, a foreign country with an even lower cost of living.
For the rest of us, we have hobbies, families, interests outside of work, and uprooting all of it to move to Wyoming to save some money is just as unthinkable as cutting all hobbies and travel and dining out expenses just to sit on the couch every night.
> The rancher in Wyoming might buy a newer side-by-side for hunting trips after having a few good years.
Right, because everyone outside the Bay Area lives in a double-wide.
> Most people spend most of the money they make and make a vague plan to retire somewhere around 65. So if you're going to spend a decent chunk of what you make, why not do it in the Valley versus anywhere else?
This is a ludicrous strawman. Most employees in technical fields in average American cities have the means to make a concrete retirement plan, build an emergency fund, and live debt-free without going full-Mustache. My first year out of college, I was spending maybe 20% of my income on a 700sqft 1BR apartment with off-street parking in a walkable, safe neighborhood in a clean, well-educated midwestern city. Now I spend 20% of my income on a short, low-rate mortgage that would be several million dollars in the Bay Area.
> For the rest of us, we have hobbies, families, interests outside of work, and uprooting all of it to move to Wyoming to save some money is just as unthinkable as cutting all hobbies and travel and dining out expenses just to sit on the couch every night.
For the rest of us outside the Bay Area, we too have hobbies, families, the option of financial security, and moving to the Bay Area for nice weather and snobs who think the rest of the country lives in trailer parks is just as unthinkable as whatever else it is you think we do in the rest of the country.
How do people who are not software engineers, manage? Are all wages high?