News for hackers. Stuff that matters.
Re:2015 Engineering Salaries Reviewed by timr on Wednesday August 12, 2015 @05:46PM (#10050861)
$4k a month is 20% of gross at $250,000 a year. That's acceptable, but not great, and it gets you a modestly nice one-bedroom apartment in a "transitional" neighborhood in SF.

But hey, if your baseline for "fantastic" is the family in NYC that can barely afford housing, then have at it.

Re:2015 Engineering Salaries Reviewed by seattle_spring on Wednesday August 12, 2015 @06:25PM (#10051153)
sigh No wonder all of my friends think most engineers are arrogant and out of touch with the rest of humanity.
Re:2015 Engineering Salaries Reviewed by timr on Wednesday August 12, 2015 @06:43PM (#10051241)
You're missing the point: in a city where a cup of coffee costs at least $3 and a small condo runs close to a million dollars, the numbers I'm talking about aren't arrogant, they're just life.

The top-end engineer salary of $160k doesn't go very far here, right now. I'm sure that the distance it goes feels like a lot when you're 23 and one foot out of the dorm room, but when you get older and start wanting to have an adult life (children, saving for retirement, maybe buying a place), it isn't even remotely enough.

$250k, in San Francisco, will rent you a market-rate, one-bedroom apartment ($4k, until they raise the rent next year), and let you live a pretty good lifestyle as a single person: you'll have something like $10k per month after taxes. If you're frugal, and don't go out much, you can get by on maybe $2k a month in expenses. That leaves $8k to save, invest, spend on children, etc.

We aren't talking about big, glamorous lifestyles here.

Re:2015 Engineering Salaries Reviewed by seattle_spring on Wednesday August 12, 2015 @07:00PM (#10051323)
$250k a year is $12k per month after tax in SF.

If your baseline for living includes owning two luxury cars that you store in a private garage, a brand new luxury apartment, shopping exclusively at Whole Foods, having maids clean your house and take care of your children, and sending your kids to elite private schools, then yeah 250k a year is basically poverty. Life as an engineer sure is hard.

Re:2015 Engineering Salaries Reviewed by timr on Wednesday August 12, 2015 @07:20PM (#10051413)
You have no idea what you're talking about. A public garage in a cheap part of SF will run you $200-$300 a month, per space. A small non-luxury one-bedroom is about $3500 a month right now, maybe closer to $4,000. A week of groceries at Trader Joes will set you back about $80 a person, if you're frugal and you know how to cook, and you eat nearly every meal at home, and you like leftovers.

Eating out at a restaurant that isn't a taqueria or in-n-out is about $20-$30 a person at the low end. A drink at a bar will set you back at least $6, and probably more like $12-$15. Getting your one-bedroom apartment cleaned once a month will cost you about $100-$150.

I don't have children, but not-rich friends who do have told me that unless you live in a "good" neighborhood and/or your kid can be bussed long distances, you really have to consider paying for private schools, and that's something like 20k a year, per child.

So one-bedroom, one car of parking (not counting maintenance or the cost of the car), eating out at a modest place once a week: $3500 + $200 + $320 + $120 = $4140/mo. That's frugal. Want a kid? Dramatically more.

Re:2015 Engineering Salaries Reviewed by jazzyk on Thursday August 13, 2015 @02:04PM (#10056076)
And please add saving like crazy for retirement, because for people under 40, there will not be any Social Security money left. And, if you have children, start saving for college (at $250K/child for private college and $120K/child for state college).

While $250K is certainly a comfortable level for a single person, it is not as outrageous as it may seem to people outside of the really high-cost areas in the US.

Re:2015 Engineering Salaries Reviewed by daemin on Wednesday August 12, 2015 @09:46PM (#10051885)
At the start there I thought you were talking about Sydney. Cups of coffee range from $3.50 to $5.00, houses anywhere close to the city are $1.2M+, and that cost stay constant to about an hour out of the CBD itself.

To have a salary of $250k means that you are well off, in fact I seem to recall that being the cut-off for the 1% range.

Re:2015 Engineering Salaries Reviewed by allsystemsgo on Wednesday August 12, 2015 @07:06PM (#10051351)
Engineers work their tail off to master their craft, build scalable products, etc. while the firm they work for potentially makes millions off the product. I fail to see why engineers shouldn't try to command a very high salary. Engineers are, and will be for quite some time, in very high demand.

Also, how does wanting to be paid well imply that he's out of touch with "humanity"? Are you comparing the engineering salary dilemma to those who lack food and shelter? That's a pretty silly comparison.

Re:2015 Engineering Salaries Reviewed by seattle_spring on Wednesday August 12, 2015 @07:08PM (#10051359)
No one is out of touch for wanting a higher salary, and that's not what I said or implied. Quite the contrary, I think good engineers should be paid loads more than they are nowadays. However, the implication that making 250k a year is barely scraping is so ridiculous that it's perfect fodder for an Onion article.
Re:2015 Engineering Salaries Reviewed by allsystemsgo on Wednesday August 12, 2015 @07:24PM (#10051421)
Well I don't think he's saying hard to "live". We're talking raising a family, buying a house, etc. And I'm assuming he's saying support both the spouse and the kids. So yeah, in that case, things will be a bit tighter. It's not impossible, but it's not easy street.

Sorry, when you said humanity, it read as being out of touch with all the trials and tribulations of man kind. My mistake if that's not what you meant.

Re:2015 Engineering Salaries Reviewed by cm2012 on Wednesday August 12, 2015 @06:14PM (#10051074)
6x what the median family income is should be called fantastic, yes. It's literally in the top 2%, even in SF/NYC.
Re:2015 Engineering Salaries Reviewed by Spooky23 on Wednesday August 12, 2015 @06:14PM (#10051071)
You're in denial. 4k a month gets you a very nice place in the NY metro area.

NYC also has a functional transit infrastructure. My cousin makes around $250k, commutes a little less than an hour by train, and owns a home that is essentially a mini-estate.

SFO is a gold rush town, but the model isn't sustainable. A shit-ton of semiconductor research has moved to save $$$ to Albany, NY of all places.

Re:2015 Engineering Salaries Reviewed by usaar333 on Wednesday August 12, 2015 @06:49PM (#10051273)
$4k a month can get you three bedroom apartments in multiple cities next to San Francisco.

$250k is easily enough for a family of 4 to live a reasonably affluent lifestyle.

Re:2015 Engineering Salaries Reviewed by serge2k on Wednesday August 12, 2015 @06:04PM (#10051002)
250000 a year gets you just under 12k per month after tax.

Even paying 4k for a decent home still gives you 8k a month for other things. Thats fantastic.