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What is are low, medium and high income for the Bay Area?
2012 Jan 30, 4:16am 19,183 views 9 comments
by CL follow (1)
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"That's according to tech job listing service Dice.com, which pegged average Silicon Valley salaries at $104,195, up 5% from last year.
That's TECH salaries too. Does that alter anyone's opinions? I'd have to think the non-techie factor would drag that down considerably.
Over the years... 1)Employers move out, and later eliminate, manufacturing, bottom 20%, and your avg salaries goes up. 2) Move other functions (R&D, SGA, IT) out of state, leaving your top paying officers/directors and fewer staff / R&D skewing average salaries much higher. And who didnt see all this happen over the past decade or two.
Today, the bulk of all Tech jobs are actually outside of SV region where cost of doing business is much less. There is no reason to keep everyone close to the mothership.
"That's according to tech job listing service Dice.com, which pegged average Silicon Valley salaries at $104,195, up 5% from last year.
That's TECH salaries too. Does that alter anyone's opinions? I'd have to think the non-techie factor would drag that down considerably.
If you live in silly con valley, and you aren't in tech, you had better be a doctor/lawyer/other highly paid white collar professional, or married to one.
Living in the bay area on under $100k is something that is only pleasant if you don't have any children to worry about.
CL
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2012 Feb 7, 1:22am
So, you think tech is on the low-end of the spectrum in SV? I'm trying to figure out a few things:
If the average tech wages were ~99K and moved to 105k, clearly people make below that amount in tech and live in the SV. Are they interns?
Also, I have been curious about the people who post here, which while diverse, seems like we range from the haves to the have a whole bunch. Just wondering if that skews the advice in a way that the average reader may not relate to.
B.A.C.A.H.
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2012 Feb 7, 12:02pm
people who post here, which while diverse, seems like we range from the haves to the have a whole bunch. Just wondering if that skews the advice in a way that the average reader may not relate to.
Duh.
That's why we, The Bay Areans, are So Cool and Hip.
Really only other Coasters (other side of North American continent or other side of Pacific Ocean) are interesting to Us. Chicago? Pfft. What's that except a place where some pro sports teams play on TV that has an airport we may change in during our jetting setting Between the Coasts?
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In your opinion. Also, include age groups and retirement savings.
I.e. by 40, one should be making 100K, and have saved 200K in retirement funds.
(I ask because USAA sent me a guide that says the vast majority of 55-65 year old retirees have less than 100K in retirement savings, which equals $400/month)