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by paulddraper
2602 days ago
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I bought my first house in 2015 in Utah, about 20 min from downtown Salt Lake City. Was not anything special. 1976 construction, 2000 sqft, 0.2 acre, 5 bed, 3 bath, 2 car garage, average condition, just under $200k. Glassdoor average salary for "Software Engineer" (not Senior, etc.) in Salt Lake is currently $89k, 14% less than national average. [1] Single-income house ownership is extremely common here. [1] https://www.glassdoor.com/Salaries/salt-lake-city-software-e... |
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And even in some of the "very expensive" housing markets, you can still find homes that are affordable relative to income within 40 minutes of downtown areas. Chicago and Boston both come to mind.
The primary differences, as far as I can tell, are that:
1) Niche senior positions are harder to find in cheaper cities (think "deep hard tech expertise"). For example, nearly all of the major corporate research labs in CS (MSR, Google Brain, Google Research, IBM Research, Oracle Labs, ...) are in or around expensive CoL areas. On the startup side, "hard tech" startups are very often more capital-intensive so are even more attracted to geographic VC bubbles.
2) Moving up within BigCos is sometimes more difficult if you're in a satellite office.