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Old 06-22-2018, 09:51 AM
 
Location: Scottsdale az
606 posts, read 509,216 times
Reputation: 563

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I have a question I have contemplated moving to Denver and from what I found salaries are lower than Phoenix and Chicago(Other places I have lived, I work in IT btw), but the cost of living keeps going higher.
So let me ask you guys does your salaries keep up with the cost of living for rent\mortgage or are wages in Colorado just lower for some reason.

For BI\SQL Developer salaries are 90k to 110k in Phoenix and Chicago, Jobs I applied in Denver are 75 to 85k.
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Old 06-22-2018, 10:13 AM
 
Location: Denver, CO
760 posts, read 583,373 times
Reputation: 1482
Quote:
Originally Posted by oping00 View Post
I have a question I have contemplated moving to Denver and from what I found salaries are lower than Phoenix and Chicago(Other places I have lived, I work in IT btw), but the cost of living keeps going higher.
So let me ask you guys does your salaries keep up with the cost of living for rent\mortgage or are wages in Colorado just lower for some reason.

For BI\SQL Developer salaries are 90k to 110k in Phoenix and Chicago, Jobs I applied in Denver are 75 to 85k.
That's the mountain tax. People are willing to take huge pay cuts to be able to live here. With positions having hundreds of out of state applicants, companies are seeing no reason to raise wages. This is one of the reasons why there is some resentment of the growth by long time residents.
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Old 06-22-2018, 10:25 AM
 
1,789 posts, read 1,128,449 times
Reputation: 1115
Quote:
Originally Posted by oping00 View Post
I have a question I have contemplated moving to Denver and from what I found salaries are lower than Phoenix and Chicago(Other places I have lived, I work in IT btw), but the cost of living keeps going higher.
So let me ask you guys does your salaries keep up with the cost of living for rent\mortgage or are wages in Colorado just lower for some reason.

For BI\SQL Developer salaries are 90k to 110k in Phoenix and Chicago, Jobs I applied in Denver are 75 to 85k.
If you compare Denver to L.A. or NYC, salaries keep up decent enough to afford property.

But compared to Dallas, Houston, Phoenix, Austin etc - Denver would be a rip off by comparison.
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Old 06-22-2018, 10:30 AM
 
Location: Scottsdale az
606 posts, read 509,216 times
Reputation: 563
Quote:
Originally Posted by MN_Ski View Post
That's the mountain tax. People are willing to take huge pay cuts to be able to live here. With positions having hundreds of out of state applicants, companies are seeing no reason to raise wages. This is one of the reasons why there is some resentment of the growth by long time residents.
That's a bunch of BS, people wont want to come there anymore for expensive cost of living and lower salaries.
Southern California's job market is doing well and while its expensive salaries for IT are now comparable to SF\NY\Seattle.
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Old 06-22-2018, 10:30 AM
 
Location: Aurora, CO
6,530 posts, read 10,209,894 times
Reputation: 9761
Quote:
Originally Posted by N610DL View Post
If you compare Denver to L.A. or NYC, salaries keep up decent enough to afford property.

But compared to Dallas, Houston, Phoenix, Austin etc - Denver would be a rip off by comparison.
I'm making 50% more than I was when I left Dallas 7 years ago. I guarantee you if I were to move back I'd have to take a 15-20% pay cut on top of having to live there again. I'd rather have a root canal without anesthesia and a rectal exam at the same time.

Last edited by bluescreen73; 06-22-2018 at 10:58 AM..
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Old 06-22-2018, 11:16 AM
 
Location: In The Thin Air
12,263 posts, read 8,047,393 times
Reputation: 8910
Quote:
Originally Posted by oping00 View Post
I have a question I have contemplated moving to Denver and from what I found salaries are lower than Phoenix and Chicago(Other places I have lived, I work in IT btw), but the cost of living keeps going higher.
So let me ask you guys does your salaries keep up with the cost of living for rent\mortgage or are wages in Colorado just lower for some reason.

For BI\SQL Developer salaries are 90k to 110k in Phoenix and Chicago, Jobs I applied in Denver are 75 to 85k.
My salary has more than kept up with COL here and I work in IT as well. I have done some BI and work with SQL on a daily basis among other things. I also believe if I lose my job where I am currently at that I won't be able to make the same salary even with my experience and well rounded skill set. My company tends to pay a bit more for good reasons.
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Old 06-22-2018, 11:21 AM
 
20,851 posts, read 39,080,035 times
Reputation: 19110
Quote:
Originally Posted by oping00 View Post
.... people wont want to come there anymore for expensive cost of living and lower salaries.
Southern California's job market is doing well and while its expensive salaries for IT are now comparable to SF\NY\Seattle.
But people certainly ARE coming to Denver because they want the year-round mountain sports, youthful vibe, scenery and the legal MJ, and some make the move despite Denver's cost of living vs salary.
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Old 06-22-2018, 12:19 PM
 
107 posts, read 88,778 times
Reputation: 287
Quote:
Originally Posted by headingtoDenver View Post
500 more a month in property taxes? So, your tax bill went up $6,000?
Yep (or, I should say, almost. Some of that is escrow cushion). I should have disputed it when I had the chance, but I (stupidly) didn't realize what it meant in terms of monthly payments until I got our mortgage statement.
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Old 06-22-2018, 01:22 PM
 
Location: Na'alehu Hawaii/Buena Vista Colorado
4,880 posts, read 9,627,732 times
Reputation: 4953
Quote:
Originally Posted by blondmoray View Post
Yep (or, I should say, almost. Some of that is escrow cushion). I should have disputed it when I had the chance, but I (stupidly) didn't realize what it meant in terms of monthly payments until I got our mortgage statement.
That still doesn't make much sense. Is your house a new $2million build in Greenwood Village? Even then, I can't imagine that your taxes jumped that much in one year, unless the assessor's office made a major miscalculation in the past.

So your total escrow from your mortgage company (taxes and insurance) jumped $6,000 in one year? I think you should have a serious talk with your lender and find out what's going on.
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Old 06-22-2018, 02:08 PM
 
5,444 posts, read 4,820,642 times
Reputation: 15020
Quote:
Originally Posted by blondmoray View Post
Yep (or, I should say, almost. Some of that is escrow cushion). I should have disputed it when I had the chance, but I (stupidly) didn't realize what it meant in terms of monthly payments until I got our mortgage statement.
I've got to raise the BS flag unless your house is some crazy multi-million dollar house and even then no way it increased by 6 grand in a single year.


Are you also factoring in your homeowners insurance and did your insurance go up? Keep in mind that this is also generally included into escrow.
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