People keep using Glassdoor numbers and think they’re representative.
Representative of low performers, maybe, but even then I’m not convinced. The idea that a high performer only gives up $5k total comp going to Amazon or Microsoft in Seattle is... well, feel free to believe that. You’re making a ton of money any which way relative to the general population.
But most people I know in the Bay Area don’t report that they’re leaving net income on the table staying here. Maybe all those software engineers are just bad at accounting, seems to be everyone’s analysis.
Eh, it doesn't really matter what stats you drive from they all paint the same picture. More and more engineers are moving here from San Francisco for that reason. People never report that there leaving net income on the table, especially once they have enough to be comfortable, and most never even search to look.
If you’re looking at $100-150k total comp, and expect to max out there, you should definitely move to Seattle.
If you’re interested in earning $300-400k/year after working for a BigCo for 4-5 years, Seattle isn’t going to work out to a better net savings/year.
I think it’s perfectly fine to max out at $100-150k. You’re still extremely rich by any standard. And startups in The Bay Area will pay you vastly less regardless, so Seattle may well be a better place for startups.
But I think you’re doing people a disservice if you convince them they’ll save more money working in Seattle than the Bay Area.
The same people who make 300-400k in San Francisco, also do so in Seattle. I don't know where your getting your information from, but all existing stats disagree with you for a reason.
I have hired many people who worked for Seattle BigCos, and I know many people who have gotten offers from Seattle BigCos trying to lure them away from the Bay Area.
And I’ve chatted with people doing competitive analysis on what offers to make to engineers.
The Bay Area generally has 20-30% higher total comp after the first 2-3 years.
Somewhat amusingly, the headline salaries are pretty similar, which makes people think total comp is similar. It’s all about the bonus and RSUs.
Even if you were right, and someone made 20% more total compansation, they would loose more than half of that right off the bat due to the mutliple layers income tax in San Francisco, and easily the rest and then some to increased housing cost. Not to mention Seattle tends to have a much more relaxed and healthy working culture, so your probably working less hours too.
Every city has its pros and cons. Seattle is no exception. You move to Seattle so you can save a couple bucks, okay so what? Then you get seasonal depression because its overcast all the time.*
Eh, I've been in LA for a year and it's too darn sunny. I can't wait to move back to Seattle and get some good pine scented rain again.
But I get your intention, and it's been our strategy for a few decades now: over exaggerate seattle's rain problem to keep Californians from moving up and driving housing prices up even further. Unfortunately, it's no longer working, Seattle just keeps getting more popular and more pricey every year.
I feel ya there, I don't think I could do LA, but then again I was getting sunburned just driving around with the windows rolled up when I spent a few weeks down there.
Sure that's true. I take Vitamin D, and have a light that I use during the winter. However, it's really both the Spring and Summer that are beautiful IMO, which is half the year. I make sure to take my vacations during the other half. I also tend to get more work done during that half, since staying indoors is conducive toward it. But, per the article I posted: it's not a couple bucks, on average - you end up after paying your rent, and taxes - having double the money left over living in Seattle over San Francisco. And it will probably only move more in Seattle's favor, as Seattle keeps on building: http://www.spur.org/news/2017-06-15/keep-building-oakland. Vitamin D pills are cheap. Living in San Francisco is not.
IMO we still need to dezone Seattle, parking minimums and height caps are strangling new development and eliminating the possibility of affordable, unsubsidized housing for the average working person.
I hate seeing my old classmates and friends move from Fremont to Marysville or further, no good reason why we have to keep every single building in Seattle super short and build parking that will sit empty.
100% agree. We are doing better than most tech cities right now, but that's unfortunately a low bar. I want us to build so much that anyone who wants to live or start some crazy business here can without hesitation.
Yeah, I'd much rather see an apartment or condo building go up in the city limits rather than up in say Bothell. Dense complexes where a 3bed/2bath is in the low $1600s shouldn't be held 15 miles outside the city limits, there is no reason beyond terrible zoning that that couldn't be built in Ballard or Magnolia or the Central District.
There are over a dozen new buildings, five story, 100s of units built over the last few years. Large and small units all over the place. And they are full!
Ha, don't tell 'em about Seattle, remember its cold and wet and the sun never shines up here!
On a more serious note, after spending a few weeks in SoCal with the SO, I have no intention of ever moving to such a hostile climate. No onshore breeze + sunburns from driving for 40min = No bueno. At least it takes more than 40min to burn on a sunny day in Seattle :P
The vast majority of the world deals with seasons. It'll be okay. And frankly, the PNW is outright pleasant. The NE gets covered in snow for 1/4 of the year, and transplants to Portland and Seattle complain about it being cloudy.
this. so much this. A thousand times this. You have no idea how much it affects you to be in a city that has gray skies for like 3/4 the year. You can go days without seeing the sun in the Winter. Honestly, I theorize, half-jokingly, that Seattle's startup scene never took off because people get too depressed by the weather and give up.
Seattle is full/horrible. Do not move here if you are a San Franciscan. Especially don't bring your government philosophy, tax policies, or aversion to reality here.
Yes. With 3 important caveats: 1) similar things have happened in the past and got overturned, because it's against the WA state constitution. A challenge has already been mounted and the income tax isn't even in effect yet. 2) There is a very very small number of Tech Employees this would actually affect as it's only a 2% of income tax on income over 250K for individual, and 500K for married couple. 3) It's only on Seattle proper, independent of where you work, so you could literately live one block outside of Seattle and not pay. Most people who make that much already do live outside Seattle in Medina or Bellevue.
It's really just a symbolic gesture, to appease the base of those in office, that will most likely be overturned.
