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Salary In Bay Area

Discussion in 'New to Bay Area' started by Bshah12, Feb 22, 2017.

  1. Bshah12

    Bshah12 New IL'ite

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    Hello all,
    We are a family of 3...moving to bay area.... Is the salary of 80k enough?.... Child will b in grade 7
     
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  2. Gauri03

    Gauri03 Moderator Staff Member IL Hall of Fame

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    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.
     
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