Low cost of living checking in, primarily due to food and housing, which are ~50% and ~15-20% of the Bay Area respectively. A <$950 mortgage payment for a house with a yard is a huge QOL boost.
Started professional software dev in 2010 after freelancing for $45, raise/promotion to low $50's before getting a new job for $72, raise/promotion to high $70's before getting a new job for $98, promotion to $115 + 10% discretionary/performance bonus. All web development to start, last promotion put me in architecture/pseudo-management roles that includes more backend systems and integrations. Tech roles at my current job top out in the low to mid $130's + 10%, non-Exec management seems to be in the $125-185 range but obviously that info is pretty hard to get reliably. If you don't have any desires to be in management or architecture roles and you just want to be in your IDE coding all day, you can get to $90-100k reliably, and in this area that's enough to max out your 401k, a Roth IRA, and save.
I'd love to move to a city and get companies on my resume that people have heard of outside of a 30 mile radius, but SF/NYC are nonstarters as they'd be a 50%+ effective pay cut, and even the less mainstream ones like Chicago, Boston, Dallas, San Diego would be 30% or more.
If you think you’re better than average, especially top quintile, then moving to a big city will offer so many more opportunities it will more than make up for the temporary pay cut or hit to quality of life. Of course this all depends on your goals and situation such as having dependents and age. But it could pay off big by giving you more chances to network, start businesses, meet a high income earning spouse, etc.
I do think I'm better than average (most people do, don't they?) but probably not top quintile. One thing stopping me from doing it is that I don't have any desire to start or run a business. I'd do a CTO role somewhere with profitability or funding, but not as a co-founder. Just not an interest of mine at this point in my life, 32, single no dependents.
Started professional software dev in 2010 after freelancing for $45, raise/promotion to low $50's before getting a new job for $72, raise/promotion to high $70's before getting a new job for $98, promotion to $115 + 10% discretionary/performance bonus. All web development to start, last promotion put me in architecture/pseudo-management roles that includes more backend systems and integrations. Tech roles at my current job top out in the low to mid $130's + 10%, non-Exec management seems to be in the $125-185 range but obviously that info is pretty hard to get reliably. If you don't have any desires to be in management or architecture roles and you just want to be in your IDE coding all day, you can get to $90-100k reliably, and in this area that's enough to max out your 401k, a Roth IRA, and save.
I'd love to move to a city and get companies on my resume that people have heard of outside of a 30 mile radius, but SF/NYC are nonstarters as they'd be a 50%+ effective pay cut, and even the less mainstream ones like Chicago, Boston, Dallas, San Diego would be 30% or more.