Based on that variation, I would say the salary expectations should be between 125-300k, especially if you want to stash 1-2k per month for savings. It also depends on whether you have to drive to work. A car could cost you $10k/year or more. Let’s say you lease a new Toyota Prius and put down a couple thousand on it.
How much does a house cost in Silicon Valley?
Cost and availability of affordable housing The 2018 median home price in Silicon Valley was $1.18 million, a 21% increase from 2017. Almost 90% of low income renters in the San Jose-Sunnyvale-Santa Clara metro area were cost burdened in 2017, meaning they spent more than 30% of their income on housing.
What is the average rent in Silicon Valley?
The average rent for a 1-bedroom apartment in Silicon Valley University, CA is currently $2,355. This is a 2% increase compared to the previous year….Average Rent in Silicon Valley University, CA.
| Month | Median Rent |
|---|---|
| April 2019 | $2,699 |
| May 2019 | $2,675 |
| June 2019 | $2,726 |
| July 2019 | $2,743 |
Is Silicon Valley the most expensive place to live?
The metro area defined by the US Census as San Jose-Sunnyvale-Santa Clara is the proverbial heart of Silicon Valley — and the most expensive place to live in the US. Goods and services are about 27% more expensive than the national average in San Jose, and the median home sale price is over $1 million.
Is 130k a good salary in Bay Area?
Is 130k a good salary in San Francisco? $130k is a great salary, but not so great if it is a total package. As long as you are able to factor in costs for rent, utilities, transportation, insurance (health and auto, if buying a car), phone and internet plans, and groceries.
What is the average salary in the Bay Area?
Average Salary in San Francisco, CA
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $105,361 | $8,780 |
| 75th Percentile | $86,630 | $7,219 |
| Average | $72,813 | $6,067 |
| 25th Percentile | $57,948 | $4,829 |
What is the most expensive city in the US?
New York City, New York. New York City leads the pack as the most expensive city in the United States.
How much does an apartment in Silicon Valley cost?
The average rent for a 1-bedroom apartment in Silicon Valley University, CA is currently $2,200. This is a 6% decrease compared to the previous year.
How much are houses in Silicon Valley?
The 2018 median home price in Silicon Valley was $1.18 million, a 21% increase from 2017. Almost 90% of low income renters in the San Jose-Sunnyvale-Santa Clara metro area were cost burdened in 2017, meaning they spent more than 30% of their income on housing.
What is the average income in Silicon Valley?
According to Census data, the median household income in Palo Alto is $137,000 a year, while the US average is $57,600. But in its research, the Palo Alto Weekly found a suburb divided.
Is 125K a good salary in Bay Area?
Yes, it’s pretty good, even very good. Lots of first year software engineers make less, probably $10Ks less. Very few will make more in terms of salary. Of course, in year 2, 3 or 4, $125K may be more average.
Is 120K a good salary in Bay Area?
Originally Answered: Is 120K a good salary in San Francisco? With $120k you’re in median income range for tech workers in San Francisco area. You’ll live a comfortable life but don’t expect to save much. You can choose to stay further or inPPleasanton or fremont and save more but pay with more hours spent in commute.
