You can't compare US and European salaries.
Quick google search :
https://www.quora.com/How-come-sala...d-countries-for-an-equivalent-quality-of-life
It's like you need to get so much more in the US because you have to pay a lot by yourself.
Shure, i get that. Still, it looks expensive even compared to the sorounding areas.
And if you get enough and can put something at the side, you can essentially put as much as a whole salary elsewhere to the side, and after a view years just move somewhere else. And from what i see 65-100k is a solid salary, even for SF.
And if you own a home, because , lets say you grew up tehre or you inherit a place, you can live the rich life everywhere else.
Most comodities (clothes, entertainment, tech, etc) have the same price as everywhere else(since we have the internet they have to compete with).
Minimum wage in San Francisco is $15.59/hr. On July 1 that goes up to $16.07. That is equivalent to $31,180/yr and $32,140/yr.
If you work in San Francisco, and you're working full time, you're not making less than $30k/yr. Most baristas and other service folks will make more than min wage. City bus drivers start at around $48k/yr and the median salary is around $65-70k/yr, IIRC. A handful make over $250k/yr (via overtime).
If you take out the cost of housing, living in SF can easily be affordable. So basically, anyone who grew up here is going to be OK.
1) If you own a home (or your parents own a home and let you live there) - You won the life lottery in SF.
2) If you have a rent controlled apartment - You won second prize in the life lottery.
Otherwise, it's a matter of bunking up with roomies or living in the exurbs and commuting in on BART.
Yeah, i asumed that much. Still does not explain why companies stay there. It just does not seem feasable.
You can do most of the stuff they have to from a notebook from anywhere, and the interviews/visits can be paid for, should be cheaper then paying these high wages. (or without having to underpay their stuff in that area)
For context:
Here a software engineer with a degree gets ~40k p.a. gross (before tax and social security) after 3 years, 33k/ p.a. is the starting income. (thats 26k and and 22k after tax and social security, net)
I really think it's also an elitist perception thing Among the companies. Like why have your company in philly or idk North Carolina when you can brag that your company is located in the most expensive city in the US etc
Maybe. It shure is a prestigious thing for young companies (partially thanks to the media representation of SF), but for bigger/older ones i cant think of a good reason to stay there. (ok, the established workforce would be a realy good reason...)
That also explayins why everyone is buying iphones and expensive tech, since prices for that statt are not bound to the area, so for SF salaries a iphone is not that much of an investment compared to a remote place in the us where the salary is just a fraction or other place.
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