How Much Does this Job Have to Pay to Maintain Quality of Life in SF?
June 20, 2014 8:34 AM Subscribe
I am considering a job offer that would relocate me from Washington, D.C. (an expensive place), to San Francisco (an even more expensive place). I'm trying to get an idea of how much of a bump in salary I'd need in order to make the move worthwhile.
posted by Creamroller to Work & Money (21 answers total) 3 users marked this as a favorite
I currently earn 93K in the DC area, which, if you live here, know is not all that much money if you factor in a family, commuting costs, etc. My wife works as a consultant 20-hours per week and takes care of the kids (6 and 4) when they are not in school. While our income is sufficent to keep us in a neighborhood near the Metro and with good schools, we're not saving a ton of money and definitely don't feel rich (although I'd be rollin' in it if I still lived in my midwestern hometown on this salary). We pay $2500 per month for a 1200 sqft townhouse at the end of the metro and we economize a lot.
I feel I am very close to receiving an offer from a well-funded startup in San Francisco. The move is attractive to us, but I need to have an idea how much I'd need to earn in order to meet the following qualifications: (1) Live in the city, so my commute doesn't eat up 2 hours of my day, as it does here in D.C.; (2) 3 bedrooms; (3) decent neighborhood with access to decent elementary schools; (4) relatively close to reliable public transportation).
I've lived in San Francisco before (12 years ago) and I know that housing costs can be astronomical. I'm not necessarily looking to amp up my lifestyle, but I'm trying to figure out what kind of offer I'd need to get so I could, at a minimum, maintain my lifestyle, or (even better), slightly upgrade it. I understand housing costs are the biggest burden in SF, but I'm not sure about the cost of living in other areas. I don't want to take a 15k bump in salary only to learn that I'm nevertheless poorer because of it.
I know there are a number of cost-of-living comparison sites out there, but I'd love some real life examples from SF-ites or anyone else who has made this move. Help me figure out what other hidden costs I may be missing.