An annual salary of $120,000 would sound like a pretty good deal anywhere around the world.
But that may not always be the case in Silicon Valley, where soaring rent prices and its brutal cost of living make $120,000 look almost average — even though it's more than double the US median household income.
We went through a Quora thread started by an engineer who claims to be making $120,000 a year in the San Francisco Bay Area to see what people think about that pay.
The post was started by an engineer who claims to have a $120,000-a-year salary with 0.1% equity in the startup he or she is working for. The person has a master's in computer science and a year of relevant working experience. He/she wants to know if the salary's good enough to live a comfortable life in the Bay Area.
First things first, the after-tax, take-home salary would be approximately in the range of $6,000 to $6,500 a month.
"So let’s do something super rough here: $10k/m pretax. Assume 30% gone for taxes. Assume some 401k/IRA type savings, let’s say 5% pretax (this is up to you). So expect to take home 65% of your 10k. So $6500/m." — Devesh Khanal
That sounds about in-line with the salary of other starting engineer positions in the Bay Area.
"As a starter salary, that seems in line with what I’ve heard / signed off on as a hiring manager. Don’t expect to live large with that kind of money in the Bay Area, this place is becoming ludicrously expensive much faster than you can get raises." — Luca Candela
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