That includes those fortune 500 companies (a couple of whom had internal recruiters bail when I mentioned my current salary + the COLA number). Cutting your real estate costs by $12-15k goes a long way but it doesn't magically cover $40k+ paycuts. It is good for employers (for instance, one guy was willing to disclose "I got two guys with Master degrees for $20k less than what you wanted.") but not so good for employees on the upper end of the pay scale. (i.e. above 6 figures outside of SF/NYC)
It is anecdotal, just my experience after looking to move there.
Just my experience after having moved here.
Though looking at glassdoor data for Atlanta, it does look like data scientists have an average that's almost $34k lower than san francisco. So maybe I just got lucky.
MIT grad, data scientist here. Again, if you are not a top data scientist, it will work fine for you. I routinely get offered $300K/year as a recent PhD grad in the Bay area. I would not get anywhere near proportional compensation in Atlanta or even Seattle.
I'm not going to pretend this is scientific in any way, but using online COL calculators (http://money.cnn.com/calculator/pf/cost-of-living/index.html), $300k in San Francisco is supposedly (taken with many grains of salt) equivalent to $172k in Atlanta, which you could surely land?
For most Americans that's pretty close to being correct - the average savings rate is around 6%. (https://www.fool.com/investing/2016/10/03/heres-the-average-...)
This would be quite difficult for someone on an average salary with kids, or sometime who works in an industry where keeping up appearances is important.
Vacation costs, Amazon splurges, etc, don't change between Akron and SF.
If most companies are paying a certain salary, doesn't that imply that salary IS market rate?
I don't think you can directly compare salaries across cities even after factoring in cost of living since it ignores the fact some places are more desirable to live in than others and thus should command "premiums".
Also, people overestimate the effects of cheaper housing. Yes, cheaper housing is nice but one has to remember that lots of things cost the same no matter where you live. Food, transportation, travel, and education costs are mostly static across the country. It's important to factor that in and not get dazzled by the fancy house or condo you can suddenly afford.
In my particular case, the "market rate" at Location A is ~$40k higher (after COLA) than the "market rate" in Atlanta.
So, when I mean "market rate" I mean "My options at Location A + the options in Atlanta."
> I don't think you can directly compare salaries across cities even after factoring in cost of living since it ignores the fact some places are more desirable to live in than others and thus should command "premiums".
To be perfectly honest, I consider Atlanta vs. where I am now a wash in most respects and a $40k premium is simply too steep for the difference. It isn't like I live in the Bay Area where rent is $40k.
I don't work in the Bay Area, NYC, or a similar location. I'm comparing my current location to Atlanta.
This is now the third time I've repeated this ITT, including the OP.
The difference in rent/real estate is like $10k/year. I've been to Atlanta regularly for quite some time and I can assure you I know the exact difference in COLA as a result. ;)
> had offices