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Old 11-17-2007, 02:25 PM
 
1 posts, read 6,665 times
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I am a college senior and just got a job offer from a company. This company has different locations. I chose San Jose, CA over Raleigh, NC/Boston, MA. I hear a lot of bad things about San Jose's expensive living cost. It seems that there is no way for me to buy a condo or house so I may live in 1 bedroom apartment. This company is paying me $75000/yr base. Do you think I can live in San Jose area without financial problems?
Raleigh, NC is obviously affordable place to live even though they pay me $62k per year for that particular location. I went to college in Durham near Raleigh and this place is extremely boring to me.
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Old 11-17-2007, 06:01 PM
 
Location: San Jose, CA
7,688 posts, read 26,617,748 times
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You should be fine. I live in Redwood City on half as much, and I have to watch my expenses but I don't feel squeezed. However, bear in mind that SJ is significantly more expensive for rentals than Milpitas or Sunnyvale, so it pays to shop around.
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Old 11-17-2007, 06:40 PM
 
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You will be fine. You won't be able to buy, but renting shouldn't be an issue. Use Craigslist.com to find rentals.

Why not Boston?? I used to live there and would pick that over San Jose any time.
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Old 11-17-2007, 06:45 PM
 
Location: southern california
60,043 posts, read 78,466,265 times
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ditto on that good post by luke.
i agree. san jose is now a 6 figure neighborhood.
hard to believe 75k is underprivileged.
also i like boston.
good luck.
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Old 11-18-2007, 12:17 PM
 
10,417 posts, read 18,453,232 times
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Quote:
Originally Posted by Luke9686 View Post
Why not Boston?? I used to live there and would pick that over San Jose any time.
Having lived extensively in both the Boston and San Jose areas, you couldn't get me to move back to Boston with a gun.
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Old 11-19-2007, 07:32 AM
 
8 posts, read 27,440 times
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IMO, I think it is certainly do-able... as long as you are living within your means and aren't looking to buy a house any time soon

I'm right around your age group, and living San Jose/Santa Clara area...and yes, the area is pretty lively which I think you would enjoy...
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Old 11-19-2007, 10:04 AM
 
Location: Boca Raton, FL
711 posts, read 1,693,361 times
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Quote:
Originally Posted by Luke9686 View Post
Why not Boston?? I used to live there and would pick that over San Jose any time.
Why not Boston? It's freezing cold in the winter. It's not called "Taxachusetts" for nothing. It's cold. Too many Red Sox fans. It's cold.
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Old 11-19-2007, 10:14 AM
 
28,289 posts, read 30,848,475 times
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75K is an ok salary for San Jose, but not spectacular. I live in SJ on 50K a year and save a decent amount in the 401K. But I also live in a studio apartment so I can afford to do that. If you think you might want to own a house or condo, 75K a year is not going to cut it here....not even close. So think very carefully about what you want, not just what you want now, but what you might want 5 or 10 years down the line. Even with the real estate bust, I don't think home prices are going to drop much here (if they drop at all).
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