I will let you decide if 3.5x - 5x is "not even close".
I will let you decide if 3.5x - 5x is "not even close".
100k in pretty much anywhere but the east or west coast may as well be 300k.
My last rent in Houston for an actual cool place to live (downtown Westheimer area) was a solid 1.3k, or 15k a year. So after taxes rough estimate 70k - 15k = 55k into your savings account, before expenses etc.
I have the best apartment I've ever had in my life practically on top of 16th mission station right now for 2.1k. I'm not making 300k but if I was, let's see: 210k - 25k = 185k into savings each year, not including expenses. That's 3x the amount of money for investment, savings, playtime in places where the money goes the same distance no matter where your permanent address is.
State and city income tax aren't going to eliminate that 3x difference. Brunch costing 50$ vs 20$ isn't going to make up that difference.
We can talk about quality of life as well but that'll be a much, much longer comment from me, and feels like a pointless conversation (city folk gonna city).
In any case, my numbers hold up for bay area startup salaries as well - if they didn't, I wouldn't live here lol.
And the numbers don't really work out for founders for the first couple years in terms of any salary so I think again we view money differently. I'm not really disputing that your numbers work for being an employee but they don't really hold out for people working to start their own thing, at least in the short term. As I'm sure the OP is aware there's intangible benefits that don't take the form of a retirement account associated with running your own thing.
Edit: I'll also say we may be at a point where we're starting to talk passed each other, your math checks out for sure I just don't value the benefits associated as much.
I think we don't disagree for reasons other than raw money about why working somewhere other than FAANG would be good. Probably reasons similar to why I don't work at FAANG ;P
I don't believe that's a correct assumption. It's been a while but: https://techcrunch.com/2008/01/01/zed-shaw-puts-the-smack-do...