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Old 01-29-2013, 09:28 PM
 
Location: Portal to the Pacific
6,685 posts, read 6,085,865 times
Reputation: 8816

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My husband got an offer today. Job is in Santa Clara. Baseline of $160k, about $5-8k in bonuses. Could anyone tell me how much take home pay this would equal to?

I've been lurking for a couple weeks in anticipation of the offer so I have some ideas in terms of housing... Cupertino, Los Gatos, and Mt View... I'm looking for a neighborhood where kids safely play together outside (these are hard to find, but possible...we're in one now). My kids have tolerated 10 moves in 10 years (a few have been between buildings) and this will be our 4 state in 4 years. The best I can do is make finding new community and friends my #1 priority.

I expect, given what I know about cost of living in the Bay Area, we'll be experiencing a net loss (family income is currently $150k) but I'm trying to understand the numbers. I anticipate our savings rate will be cut in half.
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Old 01-30-2013, 06:23 AM
 
263 posts, read 765,391 times
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How many kids? How many bedrooms are you looking for? Cupertino, mt view, and Los gatos are expensive areas--probably considered upper middle class in most cases. Since you say you have kids, your income will IMO will put you into a solidly middle class lifestyle for this area, and unless you are willing to live in a smaller place or live extra frugally ( because you will be paying a lot for housing) you may want to expand your search to other towns. For a 3 or 4 bedroom decent place in the towns you listed, finding an equiv to where you are currently could run you 3500-4500 a month--again I don't know exactly how large of a house you need or your requirements.

Finding a street where kids play together... Probably more common in lower middle or middle class neighborhoods or very specific by street -- it isn't as common for parents to let their kids loose in the street as much as other parts of the country, so it may be harder to find that--but you can always start a new trend in your new neighborhood
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Old 01-30-2013, 07:20 AM
 
760 posts, read 2,184,456 times
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Quote:
Could anyone tell me how much take home pay this would equal to?
Try googling payroll calculator for California, and put in your deductions. It will give you an idea of how much your take home should be - although make sure you keep in mind you will have deductions for healthcare/insurance and 401K too.

Are you planning on renting or on buying? Do a little searching on Craigslist to get an idea of rental prices, and search at the high end of your budget. I would pick several school districts to center my search around over specific neighborhoods. In my opinion, your best bet is to try and find a townhouse community to rent in. The kids all find each other, and although the streets in them are TIGHT - they are all playing in them. Our last townhouse rental here in San Jose even had a pool - which the neighborhood kids would hang out at.
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Old 01-30-2013, 09:47 AM
 
Location: Portal to the Pacific
6,685 posts, read 6,085,865 times
Reputation: 8816
We are solidly upper middle class in Seattle and would lose that in San Jose. It just may be the only option in the end.

We have 2 kids, one of which is in special ed. I love the idea of a townhouse community if that's what the kids are doing there. I am willing to live in a small, crappy apartment or townhome, provided I have a decent enough community to support us (we lived in student family housing for many years and it was AWESOME for raising kids) and excellent schools. I think I'm frugal: last year we saved $50k on our $150k salary (we saved 30% of take home pay & bonus). We have at least enough cash for $200k down payment but my husband is really against buying in CA. At least for now, maybe after renting for a couple of years he'll change his mind.
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Old 01-30-2013, 09:58 AM
 
760 posts, read 2,184,456 times
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Quote:
I love the idea of a townhouse community if that's what the kids are doing there.
I'm generalizing from my personal experience. When my kids were young we lived/purchased a townhome on the east coast for 4 years, and the kids in the community were tight. We are empty nesters now, but saw the same thing in our townhouse community here in San Jose. It's an easy, immediate peer group, and the kids are have a limit as to where they get to hang out. When looking to buy we found some really nice townhome communities around the area here - there seem to be more in Sunnyvale. I'm not too sure about the school districts though. Good luck!
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Old 01-30-2013, 10:20 AM
 
263 posts, read 765,391 times
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Quote:
Originally Posted by flyingsaucermom View Post
We are solidly upper middle class in Seattle and would lose that in San Jose. It just may be the only option in the end.

We have 2 kids, one of which is in special ed. I love the idea of a townhouse community if that's what the kids are doing there. I am willing to live in a small, crappy apartment or townhome, provided I have a decent enough community to support us (we lived in student family housing for many years and it was AWESOME for raising kids) and excellent schools. I think I'm frugal: last year we saved $50k on our $150k salary (we saved 30% of take home pay & bonus). We have at least enough cash for $200k down payment but my husband is really against buying in CA. At least for now, maybe after renting for a couple of years he'll change his mind.
If you aren't set on a 2500 square foot 4 bedroom home in one of the towns you listed, and willing to go with a small house or townhouse--you should be fine. ... Saratoga may be good to take a look at too--really good schools, beautiful community, lots of trees and very green-- (south of 85 near the village and foothill areas) and I think a bit less pretentious and more down to earth than Los Gatos (but still catering to the middle upper and upper class sector). I personally wouldn't choose Cupertino, not as much character as other towns in the area.
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Old 02-12-2013, 09:47 PM
 
Location: Sacramento
47 posts, read 118,437 times
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Not sure how bad the commute for your husband but if you're looking for a tight social circle with good schools (Guadalupe Elementary API is 942) suggest you check out Almaden/Montevideo area. My husband works in North San Jose, North First Street and Montague Expwy, and if he leaves at 7am takes him 25 minutes. If he leaves at 7:30 it takes 40min.

I'm a stay at home mom and having a tight community really helps. Can't tell you how over the top friendly our neighbors are. We swap babysitting at a moments notice, have block parties, I have hiking buddies etc. Never thought I'd find that in San Jose. ( I was born and raised in SJ )
We don't have any town homes but our friends up the street rent a 1700 sq ft home for $3200 a month. It's fixed up nice too, with a new kitchen, hardwood floors and French doors.
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Old 02-13-2013, 12:34 PM
 
Location: Portal to the Pacific
6,685 posts, read 6,085,865 times
Reputation: 8816
Thanks... we've decided to stay in Seattle
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