Apologies for the throwaway, and numbers are rough
$140k:
- 1500/mo in 401k
- 6200 after-tax, after 401k income
- 2800 savings from after-tax income
- Total discounted savings/mo, roughly: 2800 + .85 * 1500 = 4075
Is the bay area cost of living expensive? Absolutely. But I'd argue if you're a generally frugal person you'll save more (in absolute terms) here than anyplace else. I doubt I could get much above $100k anywhere else but NYC.
$140k:
Is the bay area cost of living expensive? Absolutely. But I'd argue if you're a generally frugal person you'll save more (in absolute terms) here than anyplace else. I doubt I could get much above $100k anywhere else but NYC.