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Absolutely they'd care about that. Tech companies in urban locations are stacked with six-figure earners in their 20s (and older) who don't have cars.
Probably true in places like Boston, Seattle and San Fran or even Chicago, NY and DC but it doesnt seem to hold up to well in southern metros. I'm also a high income tech worker but own two cars and also use the train when commuting so I'm more-less flexible in that arena... but I prefer larger homes to smaller ones so I moved out to the burbs... although I'm not entirely against living in dense areas. They definitely have their perks.
Main difference Is in Chicago you can remove car expenses as you can live practically anywhere without one, although at $94k a year I doubt that anyone would care about that.
After taxes 94k isn’t a lot. A 500.00 a month bill could be impactful
After taxes 94k isn’t a lot. A 500.00 a month bill could be impactful
My goal is $300k a year but I do agree that $100k is a bit overrated. Im single and make a bit over $100k as well as no dependents... so it hurts... I basically dont bother checking my paystubs. Becoming a homeowner helps however. One could easily find its limits if not careful though.
Location matters too though. $94k in Seattle would be pretty much like $60k in Atlanta for example...and you definitely wont be owning a home on your own with that.
My goal is $300k a year but I do agree that $100k is a bit overrated. Im single and make a bit over $100k as well as no dependents... so it hurts... I basically dont bother checking my paystubs. Becoming a homeowner helps however. One could easily find its limits if not careful though.
Location matters too though. $94k in Seattle would be pretty much like $60k in Atlanta for example...and you definitely wont be owning a home on your own with that.
Nice post! Some of this cities will continue to be winners as long as the tech scene does not start to become too big of a player or the local economies are not diverse enough. That's were SV/San Fran and Seattle to some extent are starting to lose the glimmer. ITs a blessing an curse. It virtually erases the middle class it's not okay where 60 or 70K a year is considered poverty level and that is San Fran right now. Cities and local governments will need to play close attention especially in cities like Austin, Raleigh, Denver where tech is already large.
Seattle's nowhere near that level...a single person can earn $40-50k and do ok (might need a roommate and this might mean no car, no housepet, no debt). We're also building enough housing that rents and sale values in the past couple years have plateaued in some categories.
Seattle's nowhere near that level...a single person can earn $40-50k and do ok (might need a roommate and this might mean no car, no housepet, no debt). We're also building enough housing that rents and sale values in the past couple years have plateaued in some categories.
So basically what we just stated ...and as stated before you wont be owning a home in a desirable area of Seattle area at a $100k salary or less. There are couples bringing in $250 - $300k that are sweating after their mortgage payment.
I didnt say poverty level but I have read articles proving you need a very high income to live there comfortably. And I've also lived in the Seattle metro and know first hand it's not a joke when it comes to finances. Poverty level or not.
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...and as stated before you wont be owning a home in a desirable area of Seattle area at a $100k salary or less. There are couples bringing in $250 - $300k that are sweating after their mortgage payment.
