[jw2013]

monthly_wage_to_break_even_by_article = $37.62 * work_hours_per_day * weekdays_per_week * weeks_per_month = $37.62 * 9 * 5 * (52 / 12) = $7335.9. Let assume the tax is 35% of wage. monthly_rent_by_article = $7335.9 * (1 - 35%) = $4768.335

Wow... that is prohibiting. So you have to earn $7335.9 * 12 / 2 = $88030.8 / 2 = $44015.4 a year to break even if you are sharing a 2br apartment... Are rent price in some less urban area of SF much cheaper (say 20 minutes drive from Pacific Heights)?

Could a solution to rising rent price be some brave enough founders migrating tech startups to a new growing area, say rtp? Just like what Eventbrite did when hot startups were all in valley but Eventbrtie chose SF at then.

[mattdeboard]

Pro tip. You can ballpark hourly wage to an annual income by multiplying by 2,000 (or doubling then multiplying by 1000).

So $37.62/hr works out roughly to about 75k/year, pre-tax. Not exact, just a rule of thumb. Works out to within a few % usually.

[thaumasiotes]

It's a fairly precise "rule of thumb", on the theory that you work 40 hours a week, 50 weeks a year. Parent comment inflates the salary by assuming 45 hours a week 52 weeks a year.