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04-10-2008, 01:19 PM
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Junior Member
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Join Date: Apr 2008
4 posts, read 2,547 times
Reputation: 10
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salary cut?
hi,
I am currently working in sw engineering in CA and considering a personal move to Austin. I am not a silicon valley millionar, so I'm just looking for a better quality of life in Austin for my little family. My employer is OK to let me go but wants to cut my salary by 5k$. I would make 115k$ in Austin.
Has anyone of you being moved from high cost states (CA) and had to accept a salary cut from your employer? is 115k$ a good salary for 9 years / exp in Austin? does it sound like a good move / decision? School system in CA is horrible so this is also an important point for my kid.
Any experience is greatly appreciated. Thank you.
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04-10-2008, 01:23 PM
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Member
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Join Date: Mar 2008
26 posts, read 25,197 times
Reputation: 14
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I think you'd do very well on $115K in Austin. The cost of living there is much lower than anywhere in CA.
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04-10-2008, 01:25 PM
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Senior Member
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Join Date: Jun 2007
569 posts, read 407,462 times
Reputation: 112
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I would pack your bags as quickly as possible and take that offer while it's on the table. Less than a 5% pay cut on that type of salary is great in my opinion. That's nothing. A lot of us California transplants took a 20% to 40% pay cut so we could come to Austin.
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04-10-2008, 01:26 PM
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Thong Guy in SW Austin
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Join Date: Feb 2007
1,492 posts, read 1,557,237 times
Reputation: 363
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We just had a salary survey done for our IT staff actually. According to it, for a 10-year software engineer in Austin the average is $87K. $115K puts you in top 5% in town.
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04-10-2008, 01:35 PM
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Junior Member
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Join Date: Apr 2008
4 posts, read 2,547 times
Reputation: 10
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Mark,
when you say lot of California transplants took a 20 to 40% cut. Is this with the same employer?
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04-10-2008, 01:49 PM
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Senior Member
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Join Date: Jun 2007
569 posts, read 407,462 times
Reputation: 112
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Quote:
Originally Posted by LMichelL
Mark,
when you say lot of California transplants took a 20 to 40% cut. Is this with the same employer?
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No, but definitely within the same industry. Same job titles. |
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04-10-2008, 04:29 PM
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Senior Member
Status:
"still unpacking..."
(set 12 days ago)
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Join Date: Nov 2007
3,074 posts, read 2,207,850 times
Reputation: 2692
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Looking at it the other way, if my company wanted to move me to CA from Austin, I'd want a 20-25% increase.
So I think a 5% pay cut won't hurt anything but your a little tiny bit of your pride   |
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04-10-2008, 05:29 PM
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Junior Member
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Join Date: Apr 2008
4 posts, read 2,547 times
Reputation: 10
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Are you saying I should be happy with a 5% cut and that I should have had at least -20%?
Well, by having me moving to TX, the company does substantial economy: employers pay less taxes in TX than in CA! so in this way, it's all good for them... |
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04-10-2008, 07:07 PM
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Senior Member
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Join Date: Mar 2007
539 posts, read 671,386 times
Reputation: 97
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Must be nice...
I actually got a $1K raise when I came out here, but not with the same employer because I had just lost my job of 9 years. So I guess really I had a pay cut when my company shut our site down and I took the first job I found for less dough, so I guess it was about a 8% pay cut altogether which set the bar for what I could ask for here.
My income now is still 5 figures, but we live quite well here, and my wife doesn't work. We have a ~3,700 sq. ft. house near Lake Travis in one of the best master planned communities, with hills and greenery so I don't miss So. CA so much. We walk to two Exemplary schools and our kids have almost too many friends, and they have good parents. It is just a good "eco system" for families that want to do it right!
$115K is an excellent two income wage out here, but you could go crazy too. If you are bring about $400K-$500K in equity with you, you could pick any one of "cream of the crop" neighborhoods and have a reasonable mortgage, but don't forget to factor in taxes.
Last edited by FromCalitoSteinerRanch; 04-10-2008 at 07:11 PM..
Reason: typos
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04-10-2008, 07:37 PM
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Senior Member
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Join Date: Aug 2007
1,419 posts, read 1,391,466 times
Reputation: 252
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Quote:
Originally Posted by LMichelL
hi,
I am currently working in sw engineering in CA and considering a personal move to Austin. I am not a silicon valley millionar, so I'm just looking for a better quality of life in Austin for my little family. My employer is OK to let me go but wants to cut my salary by 5k$. I would make 115k$ in Austin.
Has anyone of you being moved from high cost states (CA) and had to accept a salary cut from your employer? is 115k$ a good salary for 9 years / exp in Austin? does it sound like a good move / decision? School system in CA is horrible so this is also an important point for my kid.
Any experience is greatly appreciated. Thank you.
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Noooooooooooooooo!!!
Don't do it!! $115K is not enough to live here in Austin.
>
>
>
>
**** Just kidding, don't run, SKID out of there!!!!!!!!! Hurry Now!! Hurry!! We'll be waiting!!
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