2/3rd the gross pay in Austin probably gives a significant "raise" in terms of relative standard of living and maybe 1/4 the money in many parts of Asia would move you even higher.
All I'm saying is that Average Salary is probably a bad way to compare across geographies.
The really lucrative jobs in NYC, are the ones with Hedge Funds that are based entirely in NYC. Places like 2-sigma, Jane-st, DE-Shaw, Jump, and others. The offers they make, are hard to match anywhere else, even after COL adjustments. If you're considering a job at a random NYC tech company though, I agree that the salary may not make up for COL.
Salaries in Seattle also work out to be higher given the higher COL in NYC. I owned a mid-sized house with front and back yard in West Seattle; my apartment in Brooklyn is much smaller and more expensive.
Groceries can be up to 2.5x as expensive at some places unless you travel out of your way to someplace like Trader Joe's.
Also, no state income tax in Washington.
That said, New York is New York.
You can find CoL calculators out there, and they have their faults, but Seattle is already an expensive city in its own right, and I simply don't see how you possibly got NYC to come out double. That's way out of line with the calculators.
I have a postdoc friend who lives in Seattle on slightly less than I do. They have a huge 1br in cap Hill with parking next to the subway with a short committee downtown or to UW. Meanwhile my apartment is the same price with a minifridge, a 40m commute, and no dishwasher/laundry/disposal.
Plus the PNW is just more enjoyable to explore than the northeast in my opinion. You definitely can make more in Nyc but the COL and QoL is just awful compared to the pnw
A lot of other folks place more value on not needing a car ever, lots of easy food delivery options, and access to any kind or show or performance you might ever want to see without having to travel.
It's very difficult to plan anything on work days if you're commuting into NYC, and you get to pay super high rents and property taxes for states with huge deficits and infrastructure debt which means the situation won't get any better. Seattle offers better food, recreational activities, growing future, and no income tax. I'd say the weather is better too, but some people really miss the sun, but you can easily fly to a beach resort for multiple weekends of the year with the savings of not living in the NYC area.
As someone who has gone through this for some 20 yrs, it's usually a faster commute to travel from Hoboken to pretty much anywhere along/south of the PATH line during peak hours (so 34th down to the southern tip of Manhattan) versus a starting point of the UES/UWS (which is where the comparable housing exists).
My commute from Hoboken to various startup locations in NYC was consistently ~45 minutes door to door, versus an hour for my friends on the UES/UWS.
If it was like Japan and you could actually make plans, then it wouldn't be so bad.
I made this argument a lot when the prius was becoming popular. Lots of people said it was overpriced, that is cost 30k and there were similarly equipped cars for 20k. But that completely missed who was buying the car. If someone is in the market to spend 30k on a car, they most likely will, as they have entered into a different price bracket.
Same thing with apartments. Sure in Seattle you could share a space and pay less, my hunch (with no data to back this up) is that you probably wont. If I can comfortably afford 1-1.5k, then that's what I'm going to spend, regardless of city (Please don't nitpick and say 'Oh I share and pay less', I'm not speaking in absolutes).
You obviously will get a more space/features/quality in Seattle for the money, but my argument against this guides is they say you will actually be making x, because I'll be paying more in rent. but that's not the case. Yes you can argue the missed cost of having more space, but that's not what they compare. My bank account is going to be the same after rent regardless of the major city I'm in.
EDIT: Spelling and Grammar
But I don’t need to dig into it further. I planning on getting out of NYC eventually to lower my costs and be somewhere with cheaper cost of living. It’s just harder to figure out true cost of living and the amount you earn as a developer then these guides suggest.
If your paying 2700, find some roomates, move to bushwick/east williamsburg astoria, downtown brooklyn. And now your paying 1-1.5
It's great if you have a lot of VC funding, but if it's not necessarily leading to attractive outcomes for investors or early employees then that's not going to be sustainable.
- Average (high-end) programmer salary
- Amount of VC funding
- Total number of full-time tech workers
The 1st and 2nd criteria determine how attractive the city is, for employees and founders respectively.
The 3rd criteria determines how much clustering/network effects the city enjoys.
On all 3 criteria, NYC is either 1st or 2nd. NYC hedge funds have bid up programmer salaries to levels that are virtually impossible to get anywhere else besides SFBA. The data on VC-funding shows NYC as a solid #2, only behind SFBA. And the linked article shows that in terms of networking potential, NYC is #2 as well.
https://www.citylab.com/life/2017/10/venture-capital-concent...