[timr]

Remember: the bay area is a ridiculously expensive place to live. This is an area where a small house in the burbs with a bad commute will start around $600,000. My rent (in a marginal neighborhood in SF) is more than a mortgage payment in most parts of the country.

Depending on where you live, $70k may easily match the spending power of 150k in the valley.

[jasonkester]

Places like that are great for drive-by consulting. If you can find a 3-month contract in the bay area, chances are you can also find a 3-month couch for the duration.

Now you're making a rate calculated for people living in those million dollar starter homes, but with <$1k/mo in real expenses. Take that back to Iowa and live like a Corn Star for the rest of the year, then repeat.

I used to do just that, substituting LA and [random 3rd world beach], and I'd always manage to add a good amount to the retirement fund each year, even after 9 months off.

[jobu]

You are my new hero. Not sure that plan would fly for me due to kids, but I would definitely love that lifestyle.

[netmau5]

I researched living in Seattle for a while, so I definitely know how steep the difference is in cost of living. Sometimes I feel like it is a little overstated though.

I think the calculations assume you intend to live there permanently; if you don't, a large investment in a home is irrelevant. I think this factor is what makes it possible for so many to come work on visa for less than a citizen would make: they intend to go back to their lower cost location with money in the bank.

Also, as software engineers, the value we create isn't as localized as it is in many other professions. This fact doesn't account for too much, but it also means our salaries shouldn't be linearly bound to cost-of-living.

On another note, I'm glad to see demand for developers result in some increased salaries. We've been hearing much about the Google/Facebook recruiting wars in this regard. Salaries dove and stagnated after the last recession, albeit it was a radically different situation in nature.

[snprbob86]

I'm a single guy living in a high-quality studio apartment in Seattle's Capital Hill neighborhood. I eat out often, drink too much beer, and participate in many other costly social/event outings. I've got a car in the garage, insurance(s), and several other expenses for "nice to haves". I spend about $35k/yr. Before quitting, I was making $86k/yr plus benefits/bonus/stock as a new college hire with a strong resume.

[darklajid]

I really need to visit the states if beer is that cheap over there.. :)

On a sidenote, to add something on-topic: So a fresh graduate (with a strong resume, granted) in Seattle makes 130% of my 5 years experience salary in one of the biggest cities in Germany. I cannot believe the cost of living is that much higher, so - wow, I'm impressed.

[DennisP]

I used to live in Germany and I gotta tell ya, the cheap beer here will deeply disappoint you.

[timr]

"I researched living in Seattle for a while, so I definitely know how steep the difference is in cost of living. Sometimes I feel like it is a little overstated though."

Well, let me put it this way: I lived in Seattle for nearly a decade, and while it was expensive, my rent was less than half of what I'm paying now. I could live in my own apartment on a graduate student stipend (~$30k), and still save a bit each month. There's no way I could do that here.

It's tough to overstate the cost of living adjustment that's necessary to move to the bay area. It's insanely expensive.