This actually used not be the case. About six years ago I was in San Francisco for work, and was surprised how inexpensive it was. Like, it wasn’t cheap, but I’d heard it talked up as basically the most expensive place in the world, and it was largely cheaper than Dublin.
Going back recently, it’s a _lot_ more expensive; home has gotten more expensive too, but not at the same rate.
(Some of this is due to the currency thing, of course; the dollar was about as weak as it ever got post-financial crisis in 2018.)
Your mistake there is comparing to Dublin - I live in an expensive Uk city (Edinburgh) and it’s just incredible how expensive going home to Dublin is.
The other bit is that you’re comparing living in Dublin to visiting SF. Rental prices in SF make Dublin seem cheap. You’re still probably financially better off living in SF as an engineer, but I’d rather the quality of life of Ireland/Europe
Oh, sure, like I’m not saying SF was ever _cheap_, but it used to be in the same range of cost as Dublin (a very expensive European city); now it’s way more expensive.
> Rental prices in SF make Dublin seem cheap
Oh, yeah, they definitely do _now_, but pre-Covid it wasn’t as clear-cut.
> You’re still probably financially better off living in SF as an engineer
I think even that probably isn’t totally clear at this stage. If you’re in Big Tech(TM), you’re probably getting on the order of 60-70% pay in Dublin that you’d get in the same role in the same company in Silicon Valley (there’s some variation, but that’s about the usual ratio). If you have to pay SF rent or mortgage (plus property tax) with that, then you may not come ahead. If you can afford to buy outright or with a small mortgage, you’re probably doing better in SF, but even most big tech workers can’t afford that.
(I think the pay gap probably is bigger outside big tech, tho)
> I heard that wges are less than 50% but you end up saving more
Curios regarding how you came up with that conclusion. After paying rent, taxes and buying some groceries from EU senior engineer's ~80k you will generally have enough to maybe buy a new smartphone at the end of the year, not any meaningful amount of savings.
Honestly, true. But possibly not in the way people imagine
People see the difference in wages, but what they miss is a) the amount of fees and extra expenses they have to pay that escape cost of living calculations, b) the "natural" lifestyle inflation that comes with living in the US (maybe summed up by the word consumerism), c) some size/low density related inefficiencies and d) things like educational costs
Now, yes Europe makes it hard on itself a lot by being dumb (see HS2 costs soaring off or the failed German energy policy - not against renewable but their fee structure is stupid)
> Europe is CHEAP compared to America, it's fascinating.
Yup. Cost of living is insanely low compared to the US, even when just comparing hotbeds like Silicon Valley vs London/Berlin/Munich, with the largest factor being housing. Additionally, healthcare costs are far lower as well - there is no such thing as co-pays, surprise bills and whatnot here (although I do admit some things like dental and vision care aren't covered by insurance, but generally still affordable).
Interesting, but as someone who visits the USA sometimes for short work/tourist trips, food and drinks are much cheaper pretty much anywhere except maybe California. And because that's most of what you spend on during short trips, not counting hotels (which are about the same price as Europe) to me the USA is a paradise of cheap drinks and large meals :D (but yeah, Europe wins on quality).
Going back recently, it’s a _lot_ more expensive; home has gotten more expensive too, but not at the same rate.
(Some of this is due to the currency thing, of course; the dollar was about as weak as it ever got post-financial crisis in 2018.)