Yes. I’ve run the numbers several times. I have a 2 child family. Treating our house, child care, groceries, etc. as fungible I could take a 50% pay cut over SJC and “maintain” our quality of life on paper.
But details matter. I live in a community with 22 miles of maintained trail, some of the best school districts in the country (with no lottery system, we just pick a school), our grocery stores are better (better meat, better produce, better selection), etc.
After living both, I strongly suspect my current quality of life in PHX literally does not exist in the Bay Area no matter the price point.
To put in perspective of how little I pay, I pay about 1900/month for mortgage, taxes, insurance and HOA (which is like $150/month because we live in a gated area). I am about 30-45 minutes door to door from PHX airport.
On the low end, it would require ~75-80k before taxes just to make up the mortgage difference, and likely be more than that.
TL;DR: Yea, it can easily be 100k cheaper in PHX vs SF depending on your situation.
Netflix engineer here. The portion of the company I work in has been hiring remote during the pandemic and we have a company wide permanent WFH policy (well guidance from HR) in place. The policy includes pay tiers depending on where you live, but the pay adjustment doesn’t take place until COVID WFH is lifted.
I work on a team that, post covid, has engineers in two countries. I personally live in PHX and won’t be returning to the Bay Area. My salary is currently 100% what my Bay Area was, and will be adjusted down to 80% once the offices fully open.