logoalt Hacker News

mancerayderyesterday at 8:19 PM2 repliesview on HN

300k in SF or NYC is FAR from early retirement unless you live 'frugally' - Manhattan average rents are 5K for 1 bed. You pay city, state and federal tax. Food and alcohol are 30-50 percent higher than Paris. And no one talks about property taxes.

In the US, local and federal taxes plus property taxes are easily 50-60 percent of your income.

Inflation runs higher in NYC than the rest of the country, as well.


Replies

Swizecyesterday at 9:47 PM

> 300k in SF or NYC is FAR from early retirement unless you live 'frugally' - Manhattan average rents are 5K for 1 bed

You don’t have to retire in the US. As others have pointed out, nobody comes here for the lifestyle.

Immigrants like us are literally the holy grail of immigration. Come in during our most productive years, work hard for 10 to 20 years, go back home before you need any of the social and health care stuff you paid into.

show 1 reply
cjyesterday at 8:29 PM

$300k is also on the high end. Most devs have a very difficult time getting hired at companies that pay that much.

$300k is probably in the top 10-15% for software engineers if I had the guess. And I assume the top 10-15% in Paris is substantially more than 80k?

Edit: Okay, I guess $300k is near the median in SF if you’re including stock options. (Media base salary in SF is 150-160k)

show 5 replies