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by badave
5447 days ago
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I live in San Francisco and it is probably 138% more expensive than Miami, FL. A cheapo 1br in the city runs around $1200 a month. Nice places cost $1500-2500 a month. I'm paying $2k a month myself but it's a really nice place w a Golden Gate Bridge, Alcatraz, and city view. How much are places in Miami? |
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And I'm not even considering the benefits that a globalized world brings to "expensive" cities. In other words, if we assume that everything is 138% more expensive in SF then savings will also be 138% larger and, in the "equivalence equation", you have to factor in the purchasing power of San Franciscans in markets outside SF and Miami, otherwise you'd be saying something of the sorts of: To maintain your standard of living when you move to SF from Miami you need to make 138% more money (and by the way, you'll get a 20 days vacation in Spain for free).