Well, the much higher salary ceiling might look nice on paper, but let me tell you from experience that it is eaten up quickly by higher cost of living. I have been fortunate enough to work for short (one to three year) stints in the US, most of that in the SF bay area. A few years after returning (more or less for good) to my EU home country where I now have a government job (which does not pay as well as industry jobs), one of my former SF bosses asked how much he’d need to pay me in order for me to come work for him long term. It was quite tempting, and I did the math back and forth and in the end arrived at 2.5x of what I’m making now, and that is on the low end. I have a few colleagues and friends in similar situations, and the 2x-3x figure is what we generally agree on. Between health insurance, child care, retirement savings and housing, your cost will be dramatically higher than in most EU countries, and this does not factor in differences in Labor rights and potential visa issues.
The SF bay area of course is extreme, but a low six figure salary puts you just above the poverty line there (so people say). Working remotely living in some low COL state might be an option, but then again you will live in East armpit nowhere Kansas…
Well, the much higher salary ceiling might look nice on paper, but let me tell you from experience that it is eaten up quickly by higher cost of living. I have been fortunate enough to work for short (one to three year) stints in the US, most of that in the SF bay area. A few years after returning (more or less for good) to my EU home country where I now have a government job (which does not pay as well as industry jobs), one of my former SF bosses asked how much he’d need to pay me in order for me to come work for him long term. It was quite tempting, and I did the math back and forth and in the end arrived at 2.5x of what I’m making now, and that is on the low end. I have a few colleagues and friends in similar situations, and the 2x-3x figure is what we generally agree on. Between health insurance, child care, retirement savings and housing, your cost will be dramatically higher than in most EU countries, and this does not factor in differences in Labor rights and potential visa issues.
The SF bay area of course is extreme, but a low six figure salary puts you just above the poverty line there (so people say). Working remotely living in some low COL state might be an option, but then again you will live in East armpit nowhere Kansas…
Low six figures is easily 3x what I make in my home country. FAANG salaries would be nearly 10x and I don’t even mean senior positions.