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Old 06-07-2017, 02:18 PM
 
5 posts, read 4,682 times
Reputation: 10

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Hello. I just graduated from college and got a job offer in Sunnyvale. I appreciate the offer, but I'm questioning whether the pay is enough to move (I'm currently in Sacramento). The pay is $48k/yr...which doesn't sound like enough for the area. I don't want to commute from Stockton or something like that, and I'm also not too keen on having two or three roommates. It seems like rent on a decent place would be upwards of $2k/month.

I'm thinking I will decline the offer, but I was looking for some insight from locals. How far will $48,000/yr go for a single person in that area?

Thanks in advance.
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Old 06-07-2017, 03:40 PM
 
Location: Bay Area, CA
67 posts, read 59,619 times
Reputation: 112
https://smartasset.com/taxes/income-taxes#QV5SEgUmm4

Above is a calculator link that you can plug in to estimate your net after tax take home income.
If your gross pay is $48,000

Fed tax -$5,100
Soc sec -$3,700
CA state tax -$1,600
Total tax -$10,400

Net pay $37,600 or $3100/month
The rule of thumb is you should pay about 30% of your Gross income for housing, so that is about $1200/mo for rent & util.
So you will definitely need a roommate, or you can rent a nice room. If you stick to a spending budget, you will be fine.

If you have the same $48,000/yr offer in Sacramento, you should definitely stay in Sacramento as housing & food are cheaper there and you have the option of living at home to build up a nest egg.

IMO, if you're starting out on your career, and if this is a fair offer in a good company with opportunities for advancement and learning, I would bite the bullet of having roommates, and put my foot in the door to gain experience and set myself up on a good career trajectory. After all, if things don't work out, you can always go back to Sacramento.
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Old 06-07-2017, 03:47 PM
 
Location: Paranoid State
13,046 posts, read 11,470,371 times
Reputation: 15754
Is the employer public sector or private sector? If private sector, what about bonus & stock?
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Old 06-07-2017, 05:52 PM
 
Location: California
4,898 posts, read 5,929,918 times
Reputation: 10602
These companies are looking for new hires:

San Francisco,CA jobs from H1B Visa Sponsors | MyVisaJobs.com
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Old 06-07-2017, 06:16 PM
 
Location: Silicon Valley
3,685 posts, read 8,821,731 times
Reputation: 2988
Quote:
Originally Posted by Cimejes View Post
I'm thinking I will decline the offer, but I was looking for some insight from locals. How far will $48,000/yr go for a single person in that area?

Thanks in advance.
Add an extra zero to the left of the decimal point and you'll be comfortable.
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Old 06-08-2017, 06:12 PM
 
5 posts, read 4,682 times
Reputation: 10
Thanks for the replies everyone.

Quote:
Originally Posted by Semiworker View Post
https://smartasset.com/taxes/income-taxes#QV5SEgUmm4

Above is a calculator link that you can plug in to estimate your net after tax take home income.
If your gross pay is $48,000

Fed tax -$5,100
Soc sec -$3,700
CA state tax -$1,600
Total tax -$10,400

Net pay $37,600 or $3100/month
The rule of thumb is you should pay about 30% of your Gross income for housing, so that is about $1200/mo for rent & util.
So you will definitely need a roommate, or you can rent a nice room. If you stick to a spending budget, you will be fine.

If you have the same $48,000/yr offer in Sacramento, you should definitely stay in Sacramento as housing & food are cheaper there and you have the option of living at home to build up a nest egg.

IMO, if you're starting out on your career, and if this is a fair offer in a good company with opportunities for advancement and learning, I would bite the bullet of having roommates, and put my foot in the door to gain experience and set myself up on a good career trajectory. After all, if things don't work out, you can always go back to Sacramento.
Thank you for the insight and advice. All things considered (the position and advancement potential, company, compensation, location, lifestyle), it's looking like the offer isn't quite right for me. I have some promising leads in this area that I think I'll pursue instead.

Quote:
Originally Posted by SportyandMisty View Post
Is the employer public sector or private sector? If private sector, what about bonus & stock?
Private. It's very entry-level, no mention of bonus or stocks.
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Old 06-10-2017, 12:52 PM
 
1,696 posts, read 2,438,583 times
Reputation: 1100
Quote:
Originally Posted by Heidi60 View Post
These companies are looking for new hires:

San Francisco,CA jobs from H1B Visa Sponsors | MyVisaJobs.com
Why do you suddenly assume that he/she needs an H1B? C'mon, this H1B bashing **** has got to stop.
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Old 06-10-2017, 12:54 PM
 
1,696 posts, read 2,438,583 times
Reputation: 1100
Quote:
Originally Posted by Cimejes View Post
Hello. I just graduated from college and got a job offer in Sunnyvale. I appreciate the offer, but I'm questioning whether the pay is enough to move (I'm currently in Sacramento). The pay is $48k/yr...which doesn't sound like enough for the area. I don't want to commute from Stockton or something like that, and I'm also not too keen on having two or three roommates. It seems like rent on a decent place would be upwards of $2k/month.

I'm thinking I will decline the offer, but I was looking for some insight from locals. How far will $48,000/yr go for a single person in that area?

Thanks in advance.
You need to take a look at whether or not this is a job that will let you accelerate your career. Remember, once you're in the Bay, you will have a host of other job options to look at. You're not going to be working at this place for this wage forever.

It is a low wage, so you'll have to double up with a roommate to live here. But look at the job and see if it would offer you a way up the rank, gets you in the door to succeed at other higher-paying jobs.
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Old 06-11-2017, 10:47 AM
 
Location: California
4,898 posts, read 5,929,918 times
Reputation: 10602
Quote:
Originally Posted by bobby_guz_man View Post
Why do you suddenly assume that he/she needs an H1B? C'mon, this H1B bashing **** has got to stop.

What I said was those are the companies, which claim to not to have American applicants, ARE hiring and often post their pay as well. It was about companies, not the H1B bashing you assume.
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Old 06-11-2017, 11:37 AM
 
1,696 posts, read 2,438,583 times
Reputation: 1100
Quote:
Originally Posted by Heidi60 View Post
What I said was those are the companies, which claim to not to have American applicants, ARE hiring and often post their pay as well. It was about companies, not the H1B bashing you assume.
If that's what you meant, then I apologize.
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