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by sh-run 2214 days ago
Exactly this. I work for a FAANG and live in Texas. If employees leaving the bay area could leave and maintain the same level of pay, I'd expect a bay area salary as well. With the lack of a state income tax and relatively low housing costs I'd be living like a king! According to NerdWallet's COL calculator I could pay off my house after a year with just my salary increase.

Edit: And if I moved to the bay area I would absolutely expect a COL increase