The commute (by train) is in fact less expensive than gas and maintenance on a car in many cases.
If you double your housing cost, even moving from a mortgage to renting because you cannot afford to buy out here, you're still ahead in the valley.
Of course, individual circumstances may alter the above, but generally it's true.
You're a King in SV as a software engineer.
I live in the midwest, wife doesn't work, 10 years experience - we live in a 4k sqft house in the best school district in the state about 25 minutes from the city. How much does that cost in SV?
It’d be good also if these salary surveys were after taxes. Be interesting to compare that.
Keep in mind 25 minutes out can easily turn into 1 hour or more.
I would have to be a billionaire to maintain our midwest lifestyle in California.
I'm not from silicon valley but priorities vary a lot from person to person. I value shortest possible commute time much higher than an extra ~2500 square feet I don't need.
"Mozilla is a global organization, and this role is available in our offices in the European Union, U.S., Canada, or home-based in the U.S., Canada, and European countries where Mozilla has a legal entity. You must have work authorization in one of these countries."
This is not remote work.
It has nothing to do with the actual facts of the job market, and everything to do with the demands of the VC cartel.
The how did people like Robert Scoble thrive for so long in Silicon Valley?
I agree that New York in particular (and also London) is also full of silver tongued charlatans, and that has a lot to do with the culture and cocaine of finance/ad-tech firms.
Okay, I can accept this. My hunch is that yes, it is easier to hype yourself up for a given company, but if there are fewer companies, you have fewer chances to do so, and therefore you're taking a bigger risk. Smaller cities can be big targets for con men because fewer con men are there and therefore one is less likely to know the given tactic that a con man will try.
This gets complicated into game theory and rationality and such. There's no way to know for sure, it's a good idea to be wise to these concepts regardless of location though. I still think that SV is incredibly overvalued, at this point in time, from both an employer and employee perspective.
>I would go out on a limb and say that there are more smooth talkers with silver tongues in Silicon Valley, who will talk their way through an interview and only provide the perception of talent.
And smooth bloggers with silver cursors, who will type their way through a posting only to provide the perception of talent. People famous for being famous, cheerleaders who fancy themselves the authority on this or that because they have a lot of followers, but have no technical skills whatsoever, and have never done any of the difficult tedious shit work and midnight oil combustion required to ship a real product, like Scoble and his emulators.
I think a big wave of incompetent developers started with the "Ruby on Rails in 10 minutes" screencast that anyone could watch and easily duplicate the exact same CRUD web site with lots of pretty frosting and absolutely no cake. So many "dot com" startup web sites since then have the same level of out-of-the-box polish and spray-on tan, yet absolutely nothing tangible behind them, in terms of skilled thorough execution or original tractable ideas.
The shoddy buggy thrown-together quality, carelessly flagrant and criminal privacy violations in the naked pursuit of virality, and total lack of maintenance and customer support of sites like AngelList.com, where the lights are on but nobody's home, exemplify what I mean. It's got about as much depth and execution as "Hot or Not", and explicitly caters and appeals to the Silicon Valley charlatan crowd.
Tell HN: AngelList told my employer that I'd updated my profile: https://news.ycombinator.com/item?id=11326011
diskcat: "This is damage control. You clearly want to make people update their profiles or whatever by pretending to be somebody else they know. You went with an immoral strategy to grow your business and that now it has finally hit you in the face on a very visible website you are here to be all apologetics. It's the "easier to ask for forgiveness rather than permission" strategy and it is deliberate thus I must conclude that your apology is insincere and is only an attempt at limiting the backlash against you."
AngelList acquires Product Hunt (techcrunch.com): https://news.ycombinator.com/item?id=13080283
exogeny: "Why are we applauding Ryan again? This is a saving face bailout from one of their own investors and a particularly embarrassing one at that given his statements of "I wouldn't consider anything under $100mm" and the pedigree of his investors. They raised a shit ton of money and built nothing. No real technology, no significant additions to their platform, no development of community. And now the result is an all-stock acquihire from AL, which will amount of a purchase of their users and a one year rental of the same engineers and team that failed to build anything worthwhile. Raising money at a $22m val from A16Z and selling for less than that - all stock no less - is a failure, and we need to stop lauding it as if it's somehow notable or impressive to take money and waste it."
This makes me think: how valuable our work is really? Do I have a job only because I'm an inexpensive alternative to the devs from the US and western Europe?
I knew I could double my salary south of the border, but that hurts.
If you can't do top work, I don't care how cheap you are. If you can, I don't need to chisel out the last penny that you're willing to take to show up to work.
1. It's far easier to raise money from VCs if you are located in SV/SF vs anywhere else in the country.
2. Once you raise that money, the only thing you are going to spend it on is employees. Infrastructure costs, real estate costs, etc, are comparatively cheap.
3. People starting companies rarely look around and decide where they should strategically be located based on costs. A few do, including my last company which was located in baltimore, but not many. Most people want to start their companies where they already live, and have a network for hiring, etc.
These 3 things, and probably others, lead to a significant amount of new companies getting started in SF/SV.
If this was true and the only thing that people wanted, then it would have been done already. But clearly that's not all there is.
There's a lot of security in your situation. Barely 6 figures, but unless you live in downtown Portsmouth or on Rye Beach, I bet you've made a nice dent in that mortgage. I know we have up here on the Maine coast, and I'm paying a 7% income tax that you aren't :) Plus, you're probably closer to being able to retire at a reasonable age than most!
That said, I'm strongly leaning toward an offer to move us to the Bay Area. Where I'd say you might think about it are with a few points: First, there's just a ton of opportunity in a relatively small radius, and salary aside for just a second, that does mean there's a potential to move around a bit and level up. Second, tied to the first, there's a little less risk if you happen to get caught in layoffs or whatever else. Up here, how many big companies are there? Good chance you and I work for 50% of them. In the Bay Area, if one company gives its staff the finger, there are plenty of other doors. Last is going to be specific to your situation, but if your housing cost doubles and so does your salary (which is very possible in SF with two decades experience), you come out ahead.
At the end of the day, though, if you have enough there comes a point where it's not worth chasing more just to have more. I'm not native to this area, but Northern New England (especially coastal) is an amazing and unique place to live. 10-15 years from now when my kid is grown up, this is where I want to be, even if I ultimately leave for a little while to provide a little more for my family.
Personally I bring in around $400k/year working remotely in a low COL area. That being said if I was working on the local market I'd probably be making somewhere between $120k - $150k.
Basically I make fastish web servers. Turns out when your company makes billions of dollars small efficiency gains pay off.
I'd think that if you stayed at mostly the same jobs, you can't expect to get meaningful salary increases. My own experience contradicts this though; got a 15K bump and 17K bump at my last two jobs respectively in a single promotion at each (both in Seattle).
Many, many young people exploit this fact to try and launch careers in un-lucrative fields like arts and academia.
But the pay far, far outweighs that factor.
http://money.cnn.com/calculator/pf/cost-of-living/index.html
100k in manchester nh is ~150k in sf. maybe you're a little underperforming but who cares! or maybe you care and you should use this data to negotiate a raise :)