How much should you make to live in San Francisco?
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How much should you make to live in San Francisco?
Recommended Salary in San Francisco The standard rule of budgeting for an apartment starts with rent — you should earn three times the monthly rent. As the average cost of a one-bedroom apartment in San Francisco is $2,364, your monthly pre-tax earnings should total at least $7,092 to live comfortably in San Francisco.
Can you live in Bay Area with 100k salary?
One hundred thousand dollars is a good amount of money in much of the country, but in the Bay Area, it’s barely enough to get by. GoBankingRates.com analyzed how far $100,000 goes in the 50 largest U.S. cities, taking into account expenses such as taxes, groceries, rent, utilities, health care and driving costs.
Is 100k a lot in Bay Area?
And with the median home price in the Bay Area around $935,000, a record high, you better be making a lot more than $100,000. The report also found that in San Francisco, Marin and San Mateo an income of $105,350 for a family of four is counted as “low income.”
Is 100k a lot in San Francisco?
— and San Francisco is the only city where $100k isn’t enough.”…5 cities where $100,000 barely covers your basics.
| Rank | City | Amount leftover after paying basic bills |
|---|---|---|
| 1 | San Francisco | -$2,734 |
| 2 | San Jose | $1,800 |
| 3 | Oakland | $8,448 |
| 4 | Los Angeles | $9,689 |
Is $120K a year a good salary in San Francisco?
$120k is a good salary anywhere. That said, when thinking about salary you also need to think about purchasing power, which it sounds like you are. When I first moved here to SF I was making $120k a year.
How difficult is it to live in San Francisco as an engineer?
There is cheap and convenient transportation into San Francisco via the BART rail system, and your commute will be around 40 minutes $120K is pretty good, and is in the medium to high range for engineers. You definitely won’t be living a difficult life.
Is it worth it to live in San Francisco?
There is cheap and convenient transportation into San Francisco via the BART rail system, and your commute will be around 40 minutes each way. While it would be nice to live in the city, you need to consider if the shorter commute time and city life will be worth $800/month.
Do you feel threatened by the $200k a year lifestyle?
I know many other technology workers who have lifestyles that consume over $200k per year and therefore feel extremely threatened and risk-averse when it comes to making any career or life moves that threaten their income. To me, that would be a horrible feeling.