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0 pointswater-your-self3y ago0 comments

Try having a family as a sole earner on 200k in the bay area. Or new york.

0 comments

Is this a joke? What is median household income for families in both of these cities? Fairly sure it's below 100k.

In San Francisco, the median household income was $120k. That’s 2 years ago mind you, and a lot of inflation has occurred since then.

https://www.census.gov/quickfacts/sanfranciscocitycalifornia

bradlys3y ago

Doesn’t account for the fact that many are under rent control, own houses from decades ago, etc.

It’s better to look at the average incomes of people who are buying houses in SF.

zeroonetwothree3y ago

The median household only has 2 people so presumably the median income for a family is higher.

srean3y ago

Do their budgets balance or do they take on credit card and other debt to manage the deficit ? I am not claiming its one way or the other as I do not know the answer.

Manuel_D3y ago

I'm going to guess that software developers, especially ones at FAANG, aren't aiming for a median household lifestyle. 200k post tax is easily ~140k a year. A san francisco mortgage is easily 4-5k a month for 30 years. And if their kids don't get lucky on the school lottery, they're going to be sending them to private school. And then there's college savings to account for.

burnoutgal3y ago

But you need a house with a backyard, two teslas, a wine cellar and a college fund or you aren't really living /s

BeetleB3y ago

> What is median household income for families in both of these cities?

What is the median credit card debt for them in these cities?

What is the median annual savings for them in these cities?

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