Also income tax, sales tax, utilities, gasoline, insurance, registration fees, etc... Higher labor costs, means food is going to be higher. And you're comparing an one bedroom apt to having roommates.
I feel so inadequate my highest cc limit is only $25k and I don't like fruit loops, more of a granola guy.
Banks are calling BS to your claim of $100k/yr salary. See, we're not the only ones who don't believe you.
All of that should be negligible. Having roommates is a major con but necessary one. So I fail to see how having higher income is worse than lower income. It's like saying Mexicans shouldn't move to the US for higher paying jobs because cost of living in the US is higher than in Mexico.
Banks are calling BS to your claim of $100k/yr salary. See, we're not the only ones who don't believe you.
funny I have more than 100K in revolving credit lines, typical utilization is in the low single digits. they must think you are a risk
But if you rent with multiple people, your portion of rent can't be much more than renting single in other parts of the country. For example, it costs around $1,200 a month to rent a decent 1bd apartment in Atlanta suburb. I can't imagine it cost much more than $1,200-$1,500 a month in SF or West Coast for a place if you live with multiple roommates. Sure you have to live with roommates but housing costs should be comparable. Other than housing, I really don't see the big difference. Cars cost the same. I think if you're young and single, you would be foolish not to move to the West Coast and take advantage of the higher salary. You can save much more on higher income.
Also income tax, sales tax, utilities, gasoline, insurance, registration fees, etc... Higher labor costs, means food is going to be higher. And you're comparing an one bedroom apt to having roommates.
It's called comparing apples vs apples. And higher income taxes, higher sales taxes, higher food/living costs are negligible? Not sure if serious.
I bet you cost of Froot Loops is comparable.
Higher income tax? So let's compare. I'll use Atlanta and compare it to San Francisco. You're going to pay the same Federal rate. The State income tax is the only difference and rate is 3.3% higher in California so that's extra $728 a year on $100k. Peanuts. San Francisco sales tax is 8.75%. Atlanta is 8%. Again, the difference is peanut. Higher food cost? Really? You're again talking peanuts. Some food items might be slightly more expensive. Some things cheaper. I bet you cost of Froot Loops is comparable. The only thing everyone can agree is substantially higher in San Fran compared to Atlanta is housing. But like I suggested, if you have roommates, you can reduce that cost to something similar to renting single one bedroom apartment in Atlanta.
Indices Difference
Consumer Prices in San Francisco, CA are 28.38% higher than in Atlanta, GA
Consumer Prices Including Rent in San Francisco, CA are 86.99% higher than in Atlanta, GA
Rent Prices in San Francisco, CA are 206.18% higher than in Atlanta, GA
Restaurant Prices in San Francisco, CA are 32.67% higher than in Atlanta, GA
Groceries Prices in San Francisco, CA are 38.89% higher than in Atlanta, GA
Local Purchasing Power in San Francisco, CA is 29.86% lower than in Atlanta, GA
You would need around 7,853.62$ in San Francisco, CA to maintain the same standard of life that you can have with 4,200.00$ in Atlanta, GA (assuming you rent in both cities). This calculation uses our Cost of Living Plus Rent Index to compare cost of living. This assumes net earnings (after income tax). You can change the amount in this calculation.
Yawn. Add local county taxes, property taxes, higher insurance rates, higher utility costs/gasoline, food(land isn't cheap nor is labor), dining, registration fees, etc....
http://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&city1=Atlanta,+GA&country2=United+States&city2=San+Francisco,+CA
Yawn. Add local county taxes, property taxes, higher insurance rates, higher utility costs/gasoline, food(land isn't cheap nor is labor), dining, registration fees, etc....
http://www.numbeo.com/cost-of-living/compare_cities.jsp?country1=United+States&city1=Atlanta,+GA&country2=United+States&city2=San+Francisco,+CA
Capt Caveman and I have "liked" the same posts, conspiracy?
Again, your link shows the difference is peanuts if you subtract rent.
Capt Caveman and I have "liked" the same posts, conspiracy?
he clearly wants your grand nagus.
That CoL adjustment has to give much more weight for stupid real estate in Bay Area.http://www.pewresearch.org/fact-tan...e-u-s/ft_16-06-01_wagescostliving_top_bottom/
Silicon Valley doesn't look so bad by this list. I live in St. George, Ut. I love it here. The rich people that own second/third homes here are fudging with this studies math.
he clearly wants your grand nagus.
You and Capt Caveman like this.
Everything/everyone has a price ...
I'm picturing you pulling an Instant Pot out of a box behind a dark alley...pssst....hey kid, wanna cook a pork roast in half the time as your momma's slow cooker? I get these puppies from my dealer on Slickdeals...