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San Francisco Bay Area
Reply to "Lateral move to Bay Area"
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[quote=Anonymous][quote=Anonymous]Right now you have a house in (im guessing) somewhere like ashburn, a stay at home spouse, and good public schools, all for your 150K salary which comes with decent hours is my guess. This is pretty much impossible unless you make around 400k in the bay area. [/quote] Yup, run the numbers and things are nuts in the Bay Area - and remember you also need to account for taxes (property/income/sales). Take your house price and at least triple it (for the same commute times WITH good schools/paying for private - which is much harder to get in the bay). Now some things are the same/cheaper (look at groceries). But when all is said and done, a family that spends 115K after tax in DC will need something like 200K in the bay. But the way that progressive taxation works, you'll need 150K in say VA, but 300K+ in the south bay. (now these are rough back of the envelope calcs, but you get the idea). I'm ex-bay myself. The DC area is dirt cheap. Hell, people in DC actually even can use neighborhood publics school and live in 1.25M AU park homes a couple blocks from the metro. [/quote]
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