I will take “getting paid less” in exchange for me living where I want to live over having to live on the west coast any day.
I couldn’t have had the 3200 square foot house built in the burbs in 2016 (when I was making $135K) in any place close to a tech hub.
Now I work remotely for $BigTech and I can live anywhere. I live in a resort area in Florida half the year and fly around the US the other half and rent my place out (professionally managed). I actually downsized and paid about the same for where I live now as I did in 2016 and no state income taxes.
I wouldn’t go that far. My goal was to still live as if I was making the same thing I made before I came to BigTech
And for context: my budget at 49 years old could easily be supported by what a returning intern got at my current company. We aren’t talking about a lot of money by tech standards.
Housing: we were paying around $3500 a month all in - mortgage, utilities, yard, pest control etc. When we stay in our “Condotel” between October and mid March we are paying less than $3000 all in, the mortgage + HOA (CDD) thst covers everything else including utilities, access to three pools, a lake, a gym, three restaurants onsite, a running trail etc all included.
Our budget for hotels is about $3500/month - midrange Hilton extended stays also with gyms and pools.
-ground transportation - we had one car with a car note, that and maintenance, gas and car insurance for two cars came up to around $1000/month. We sold both of our cars. That’s now our Uber/occasional rental car budget.
- flights - before our “vacation budget” was around $8000 a year. Now that’s our domestic one way plane budget for the year.
I looked at a budget from 2016 when I was making $135K (less than a returning intern offer at my current job and I was 43 at the time), and my yearly spend has only increased by the $8000 flight budget.
Now “my“ budget does include my wife’s “allowance” that she was providing for herself when she was working part time in the school system. We agreed for her to stop working post Covid and when I got my current job.
Also, I give myself an “allowance” too that’s actually less than hers.
I couldn’t have had the 3200 square foot house built in the burbs in 2016 (when I was making $135K) in any place close to a tech hub.
Now I work remotely for $BigTech and I can live anywhere. I live in a resort area in Florida half the year and fly around the US the other half and rent my place out (professionally managed). I actually downsized and paid about the same for where I live now as I did in 2016 and no state income taxes.