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$50,000 in Knoxville is equivalent to $73,500 in LA Long Beach area.
Those pure COL calculators don't tell the whole story. The northern parts of LA can be very expensive and traffic is a nightmare, so you want to live as close as you can afford. The available housing stock is much better than the Bay area, but their are also a lot of seedy areas that you have to watch out for. My company use to have an office about five miles for Woodland Hills, and I worked with several people out of that office. They generally hated it because of the cost. The plus is you are close to Malibu and Santa Monica.
If I were 22yo, fresh out of college, never lived anywhere else ... I'd jump at the chance to work for $50k in SF.
You won't be living high on the hog (talking roommates, probably) but the experience and potential work (and network) opportunities are awesome out here.
Can you stand to live like a college student (or a small step above) for another 2-3 years?
Me too. I'm 56 now and at 18 I dreamed of California and UCLA. I didn't do it and I have always regretted that. I wish I had followed my heart. Maybe I would have loved it, maybe I would have hated it, but either way it would have been an adventure.
What's the long term goal? Can you parlay the CA job to another higher paying job? Being broke sucks.
Gain experience to be able to live in any of the other states Im wanting. Somewhere near Seattle would be idea.Getting experience is the biggest thing but im VERY ready to get the heck out of TN
In about an hour i have a Phone interview for a entry-level programming job in San fran.
I am fresh out of college, lived in TN my whole life , and am wanting to move out of state if possible.The job offers relocation assistance. My only real concern is the cost of living there. My loan payments kick in around June if i don't defer( 40k). Would it be wise to jump at this opportunity and pass up others jobs in state? I'm being considered for another job in state that pays 45k and am meeting a recruiter for another job locally. My mom is kind of against me going that far away as opposed to somewhere on the east coast, but I'll probably still go if i know I won't struggle in CA. I don't really have family there so i want to make sure I will be stable.
Do not do it, 45k in TN is much more than 50k in San Fran. Use cost of living calculators:
$50,000 in Knoxville is equivalent to $91,938 in San Francisco.
$50,000 in San Francisco is equivalent to $27,192 in Knoxville.
Actually I think that is off a bit, nothing is cheap in San Francisco.
You are probably right that the cost of living calculators are off. The take-home pay would be the biggest difference.
Somebody making $27k would pay nearly no income taxes, only FICA. At $50k in CA, he's putting at least 10% for federal and CA state income tax.
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Ok um sorry guys but i screwed up the city , Its Woodland Hills CA , near LA
