Wife just got an offer with a tech company that pays 50k more, bumping us from 190k to 240k. Currently we live in close-in SS. Is this pay bump enough to live comfortably in the Bay area? We just bought a 4bd house that we like, and if we do move I am aware we would need to downsize dramatically. |
No. I would not. It is not enough money for that area in my opinion. |
I would stop calling it San Fran. |
Where in the Bay Area. Definitely not if the job is in SF, the Peninsula, or the South Bay. Maybe if it's East Bay, but only if you really, really want to try living out there. Housing prices have gone nuts out there. |
Not for that amount of money, assuming 240k is your combined HHI. |
It's doable in the East Bay. In Pleasant Hill, the prices are a bit more reasonable, but still higher than you would pay in Silver Spring. Four bedrooms would be high 700s to 900s. But property taxes will be higher. 50k more still won't go that far. |
Agree. |
If single or DINK, sure
With kids? Nowhere near enough of a pay bump |
OP here. DINK, but kids might come soon. Job would be in Cupertino. If it makes a difference, we currently both work from home (in our late 20s). |
A couple of DINKS in their late 20s making that much money and settling for ho hum Silver Spring? You guys can handle anything. Go for it! |
+1 |
Get on that rocket ship. |
Not sure you could afford 4 BRs out that way, but I would make the move. Bay Area is much nicer than DC in my opinion. |
You are young, so go for it. Is the salary growth potential higher in the new job? That's also a factor. |
I would do it only if the opportunity opens many doors. If it's a promotion then yes absolutely. |