I'm sure you can figure out your monthly expenses and go from there. We looked at the BLS’s data set for all 472 job classifications in San Jose in order to identify those that get paid the most. Of course, this isn’t surprising considering that income levels in the Bay Area are the highest in the U.S. and are just going up. By using our Services or clicking I agree, you agree to our use of cookies. I lived in San Jose on 52 K, then on 62K, then on 82 K between 1997 and 2007. 1. $1700-1800 will get you something livable. Is 110K a good salary for a consultant with Wife and 2 Kids to live in San Jose. 10 Best Startups to Work For in San Mateo; How we determined the highest paid jobs in San Jose For 2020. Once you can split costs, things get a lot easier.). The atrocious costs of living in San Francisco are impacting many different industries. $2,600 if you eat at home, drive a $10,000 car that you replace every 6 years and gets good gas mileage, don't travel much, don't need nice clothes for work, etc. How is a $100,000 salary considered ‘low income’ in San Fran? Oh and if you have a car and you end up downtown you'll likely have to pay $100+ for a spot per month. Do you already have debt? Living in the bay is hard enough. Don't forget car insurance (expensive in Bay Area), 8.25% sales tax, etc. If not, it's definitely your calling! According to Magnify Money, they would have to use their savings or go into credit card debt. In order to comfortably raise a family in an expensive coastal city like San Francisco or New York, you've got to make at least $300,000 a year. A studio around here will run you at a minimum $2,000. I agree with the above poster- roomie situation is best as studios can be very pricey here. It found that $65,800 is considered “very low,” and $39,500 is “extremely low.”. So the general strategy is to rent a room and scrape by until you are in a relationship. Also, I’d look in some of the surrounding communities for better housing, and most of the San Jose suburbs have downtown areas with some bars/restaurants etc. It depends on your priorities. Minneapolis is high on the list because of its high-income taxes as well as expensive health insurance rates. I am a simple person who is quite comfortable renting a place, not having any fancy vacations and not over-reaching when it comes to clothes, haircuts, cars, entertainment, etc. Some of these are not surprising like San Francisco and New York but San Jose, which bumped Washington D.C. for the top post, is an interesting one. If you have any employer required contributions for healthcare, it will be even less. A studio will run $2,000/month give or take depending on the area. And with the median home price in the Bay Area around $935,000, a record high, you better be making a lot more than $100,000. Banks don’t lend if a house is worth more than 5X your income after a 20% downpayment. Call that $2,000/month. Better ask for that raise soon if you plan on living in any of these places. Now its really up to you. I lived in Campbell first and it was solid. WHAT?! Press J to jump to the feed. Craigslist was great for me. I live in one of the most expensive places in the US (New York City) on considerably less than $100k a year and live comfortably enough. If you are single, debt-free and already have a large savings account, you will be fine. A subreddit dedicated to San José, California, the heart of the Silicon Valley. I think you will be a little below average if you want to live alone. So if you get something at the lower end of the range, you are looking at maybe $1,850 or $1,900/month plus some utilities. It’s doable but you’re not going to be able to own property unless you foresee your income increasing dramatically within the next 5 years. That is $24,000/year. The estimated state tax in Minneapolis ($506) is higher than both San Jose and Washington, D.C. Oxnard, CA also made it because of the high housing costs. Last month Ladders wrote about how salaries of $100K and below in the super ... and taxes from an $8,333 monthly paycheck which is equivalent to a $100,000 yearly pre-tax salary. Just do the math yourself. No vacation, no Health insurance, no 401 K. Will they be able to buy a hous If I'm looking to live in a single studio apartment, will I be able to live fairly comfortably with moderation (cook meals at home, takeout once in a while, etc.)? Will you have to pay for transportation/parking fees? This is definitely contributing to a recent flux of people looking to leave the city. my bill for a studio is consistently $50/mo and it's always comfortable without running any heat. It depends on your priorities. I make 40k now, living in the midwest. $40k in the midwest might allow you to live slightly better, but it's fairly close. new report from the U.S. Department of Housing and Urban Development. To do this the researchers determined the monthly disposable income of a hypothetical family with one child in 100 metro areas by subtracting monthly expenses, savings, debt, and taxes from an $8,333 monthly paycheck which is equivalent to a $100,000 yearly pre-tax salary. Buying or renting? The San Francisco-based restaurant Souvla has runners bring food to the tables but then you are on your own, according to The Times. Here are the reasons: 1. But $2,600 a month if you drive a $40,000 car depreciating $5,000/year, commuting 30 miles (60+ minutes ) in stop and go traffic burning through gas at $3.20/gallon, eating out even just for lunches ($12/meal x 5 days/week = $250/month or 10% of all your spending money), going out for drinks or dinner a couple times a week ($50 each), dating, maybe taking a trip a couple times a year, going to be tight.