Wonnk13 wrote:
I'm 27 years old and just out of a relationship. With nothing holding me down, I figured it's a good time to go off on new adventure and switch coasts for a while (native New Englander now in the DC / Balt. region). Last fall I turned down an offer in Mountainview for 95k a year. Assuming I can get that, or better and can find a roommate I should be able to survive financially.
I'm trying to get a sense of the scene out there. I know the "Bay Area" has a reputation as a good place to train, but can anyone speak to the Mountainview, Palo Alto, Los Altos area? The old La Honda road looks like a decent place to ride, where do everyone do their swimming? And how livable would, hypothetically, 95k be before tax?
You'll do fine living like a college student with roommates but don't expect middle class living arrangements at that pay level. Six years out of school as a software engineer you should be able to do better as long as you stay away from startups yet to acquire venture funding, maybe $150K. While that won't buy you more than a one-bedroom condo in a decent location it's enough to live comfortably as a single person. I have no idea what the situation is like for other vocations.
From the
BLS spreadsheet the May, 2013 median, 75%, and 95% pay for software engineers is $130,790, $151,570, and $179,440 for systems software people; and $127,190, $154,960, and $184,060 for applications developers. For completeness the 10% and 25% numbers are $92,570 and $108,610 for systems; $80,040 and $101,370 for applications.
New graduates at the big companies with good internship experience are landing $110K in base pay with $170-$190K total 4-year packages. You're competing with these people for rent with an order-of-magnitude constructed less each year than new office space.
For example Sunnyvale added just 2038 housing units between 2000 and 2010 and I haven't seen any developments with more than 4 residential floors. There's 2.4 million square feet of office space going in where I work, with room for 8000 employees at a generous 300 per. LinkedIn claims their new campus will hold up to 2900.
Buying you're competing against people who cashed out millions in stock or are executive level with $400K+ compensation packages. Even safe but not so nice neighborhoods are pushing $1M for a 1500 square foot 3/2 ranch built in the late 1950s, and nice areas start at twice that.
Where the alternative is commuting hours a day, engineers are willing to pay _a lot_ for housing.
With 40% of national venture capital spending, 70% of the unicorns, and all the big companies startups grew into there's no better place for a tech career although that comes with compromises.
I bought a double-wide mobile home in Silicon Valley on which I pay ~$1150 a month rent plus $540 for the chattel loan on the building and $450 annually in property taxes.
Traffic is very bad too, but living around Sunnyvale everything from San Jose to Menlo Park is a comfortable bicycle commute that will give you up to 125 base miles a week some of it faster than parked cars on the adjacent highway 101.
Road riding here is year-round even in the mountains. As long as you don't go south of the bay, rarely over 80 or under 50 during daylight hours.
Terrain varies - starting at my home or office in Sunnyvale on a weekday there are a few flat places to ride about an hour without interruptions from stop signs and traffic lights. There are lots of nice hills for 3+ hour rides starting at my door step.
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That doesn't leave a lot of wiggle room considering rent is gonna be easily 2k a month.
$3000-$3500 if you want two bedrooms.
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Another option I know even less about is Boulder, CO; I would absolutely move there I just need to research the tech scene a bit more to get a sense of the jobs in the area.
I spent the first fifteen years of my adult life in Boulder, CO and it was awesome. I left because it's a third-tier tech city and I care more about what I'm doing during my 50-60 working hours each week than the home I live in. That hasn't paid off yet financially, although I've done interesting things over the last 8 years I wouldn't have any place else and gotten closer to winning.
Second-tier cities are Boston, New York, LA, and maybe Washington DC. Boston gets less than 1/4 of the investment of the Bay Area, and all them together don't match it.
Third-tier cities are Austin, Boulder, San Diego, Portland, and Seattle with about 1/20th of the activity.
Boulder, CO does have great road riding - 15 minutes on my bike from home or office got me Flagstaff mountain, canyons, or plains rides - although the mountains are seasonal due to sand and gravel and there are days at lower elevations with snow that quickly melts or sublimates at .