Hello all, We are a family of 3...moving to bay area.... Is the salary of 80k enough?.... Child will b in grade 7
I'm assuming you mean the San Francisco bay area. One rule of thumb to assess affordability of living expenses is to see whether the rent is less than 1/4 of your total take-home salary. In the SF bay area rents for two bedroom apartments are in excess of $3000 per month. If you are willing to commute, you can find rentals for around $2500. In either case you will be spending over a third of your income on rent. With other expenses added on, 80K will be very tight.