I'm making comparable salary in NYC, and rent is pretty much in line with San Francisco area standards: $2300/mo studios in desirable areas... the difference in the housing market are these. First, there are more medium-awesome areas to choose from close to town (head to Astoria or East Williamsburg and you might shave $500-1000 off that studio, but you can still catch the N train to get to work and the neighborhood's reasonably cool). And second, if you want the apartment, there's a good chance you can get the apartment (whereas last time I went apartment-shopping in San Francisco, there would be 20+ people in line for the open house, including many couples who were new-hires at technology companies. it was insane.)