Yes, most of my check still goes towards rent but at least I have a little bit more left over to plan for the future.
To everyone chiming in with how wild the salaries are, this is really the point. If you're doing competent work for less than the local market average, you're paying your company for the "opportunity" to keep working with them. Sometimes that's the right call for both parties. Most times it's not, and OP's transparency helps workers protect themselves from exploitation.
You have to keep in mind that these are salaries for the largest tech companies in the world, it's not just about being in California.
For comparison, being a VP at Google/Facebook equates to salaries with multi-million dollar bonuses and ridiculous equity packages.
And yeah, a $200K house in Michigan is probably about a $2M house in the Bay Area.
In the peninsula, a $2M home just gets you a decent neighborhood. The home itself is meh. House I'm in has never been updated and is from the 1930's. It's about $1.7m. 1000sqft with 400sqft in-law unit. 4000sqft lot.
https://www.zillow.com/homedetails/2833-Tramanto-Dr-San-Carl... (San Carlos - under the radar suburb in the bay area)
https://www.zillow.com/homedetails/811-Longfellow-St-Detroit... (Second most expensive home between 2k-2.7k square feet in detroit)
5 bed, 6 bath, 2900sq ft. $1.6 mil recently renovated, all around, with a private backyard. 1683 Newcomb Ave, San Francisco, CA 94124
It was burned down or something some years back. Previous owners probably took the cash from it going down, sold the rest, moved away, and then someone bought it, rebuilt it, and made a shit load. https://www.google.com/maps/place/1683+Newcomb+Ave,+San+Fran...
No one would own it to live in now. The neighborhood is not good and is why it's priced accordingly. It's an investment/rental property.
Number 1 is relevant for many many people: Any pre-existing loan. Student loans, car loans, etc. It won't change, and you'll have more money to pay it off.
On the same thought train, while cars sell for different prices in different places, they do not double or triple. Not even close.
Even if entirely true (which is not immediately clear - does the car or phone or laptop cost triple in NYC?), that is by itself a great deal.
2. Even if triple was correct, since the living expenses are not 100% of your pay in either case - you're still better off living in NYC in terms of savings - I hope you can do the math to see this.
As far as taxes are concerned, they're higher, but in both places state and local taxes were a pretty small percentage of our outlay anyway. It's a bit hard to compare because the state income tax and higher property taxes are offset by lower sales tax (with broader exemptions) and less direct-billed government services.
Edit: However, the people in Dallas are the nicest I've met. Really miss southern hospitality compared to here, where everyone thinks I'm hitting on them for being so outgoing...
Stock and signing/perf bonus accounts for anything over 130 or so for a new grad.