Would you change work cities for an extra 50k a year

Discussion in 'The Bar' started by Estocada, Jul 8, 2016.

  1. Estocada

    Estocada Well-Known Member

    Reputations:
    153
    Joined:
    May 9, 2012
    Messages:
    11,768
    Likes Received:
    8,368
    My friend likes his job but was approached about a job that has NOT be offered yet; but the salary and package is at least 50k more than he is making. Travel about the same; can live in a very nice part of the new city. Would run 4 locations for this company as Director of Sales to be promoted to VP of Sales. Supervise about 8 people.

    Would you consider it-would have to move or at least get a small place in the new city and commute back and forth while family stays in current location.
     
    babybear likes this.
  2. gwartney

    gwartney Is there gas in the car? VIP

    Reputations:
    13,770
    Joined:
    Sep 23, 2010
    Messages:
    46,284
    Likes Received:
    19,035
    Depends on the cost of living difference between where he lives and where he's moving to. That wouldn't be much of a raise if I moved from Dallas to Washington DC or Los Angeles. Huge cost of living differences. Does he currently pay state income tax and does the new place have it? That's another huge cost.

    If he gets a place in the new city and leaves his family at home, a good chunk of the 50K will be eaten up. I worked in Austin and left my family in DFW because I didn't want to uproot the family. It worked out for me but that was a long 18 months.

    I guess it also matters how much he is making now. If he makes 40K, a 50K raise would be huge. If he's making 200K, 50K is a smaller impact.
     
    squigglyline and walterHwhite like this.
  3. Johnnykstaint

    Johnnykstaint A real one way mother f-er Gold

    Reputations:
    10,407
    Joined:
    Sep 17, 2010
    Messages:
    45,527
    Likes Received:
    23,854

    Totally depends on the two cities.
     
    MGD likes this.
  4. Gomez

    Gomez Well-Known Member

    Reputations:
    3,210
    Joined:
    Dec 13, 2011
    Messages:
    21,965
    Likes Received:
    6,778
    if it's Butthole, Mississippi, then NO.
     
  5. Snort

    Snort Podcaster. Documentarian. Gold

    Reputations:
    28,048
    Joined:
    Nov 1, 2014
    Messages:
    23,990
    Likes Received:
    17,880
    Yes
     
  6. Snort

    Snort Podcaster. Documentarian. Gold

    Reputations:
    28,048
    Joined:
    Nov 1, 2014
    Messages:
    23,990
    Likes Received:
    17,880
    Matt Harvey done for the year. Shoulder surgery.
     
  7. BrulesRules

    BrulesRules Just grab 'em in the biscuits VIP

    Reputations:
    62,949
    Joined:
    Jan 18, 2012
    Messages:
    146,153
    Likes Received:
    73,785
    all depends on the city.
     
  8. PullMyFinger

    PullMyFinger Hors d'oeuvre Addict VIP

    Reputations:
    234
    Joined:
    Sep 28, 2010
    Messages:
    11,843
    Likes Received:
    1,396
    Would the new job throw in a free apartment? If not, he isn't getting a 50k increase. You gotta figure 25k upkeep on a 2nd residence, even if it's only a rental.

    After you deduct that and the taxes from the extra 50k, he'll be lucky to be taking home an extra 10-15k a year.
     
  9. yosemite sam

    yosemite sam Camel Jockey

    Reputations:
    6
    Joined:
    Apr 20, 2012
    Messages:
    27,340
    Likes Received:
    20,343
    Cost of living comparison calculator will give you an idea
    http://www.bankrate.com/calculators/savings/moving-cost-of-living-calculator.aspx
     
  10. TonyJax

    TonyJax White Privilege Denied. VIP Gold

    Reputations:
    26,012
    Joined:
    Jul 3, 2012
    Messages:
    28,779
    Likes Received:
    16,666
    No
     
    goldtopper likes this.
  11. walleyeslayer2

    walleyeslayer2 "I always have enough herion" VIP

    Reputations:
    12,402
    Joined:
    Aug 19, 2015
    Messages:
    19,250
    Likes Received:
    5,544
    I didn't move, I just commute
     
  12. jdwhatever

    jdwhatever Fesh Gold

    Reputations:
    16,992
    Joined:
    Jan 8, 2012
    Messages:
    159,576
    Likes Received:
    13,890
    Depends on two things for me. Is the job more hours than I already put in. What's the cost of living in said city.
     
  13. Lostronaut

    Lostronaut Well-Known Member

    Reputations:
    6,495
    Joined:
    Feb 17, 2012
    Messages:
    6,530
    Likes Received:
    3,912
    You're asking for a friend?
     
  14. Estocada

    Estocada Well-Known Member

    Reputations:
    153
    Joined:
    May 9, 2012
    Messages:
    11,768
    Likes Received:
    8,368
    No state income tax in this state he is moving too. The city isn't as good as where he lives now but he would live in a very nice suburban city and not really deal with the city per se.

    Schools don't matter as they are close to being empty nesters anyway. He would keep his current house and probably buy a modest house there as a 2nd residence.
     
  15. Zarathustra

    Zarathustra Well-Known Member VIP

    Reputations:
    14,566
    Joined:
    Feb 8, 2013
    Messages:
    15,276
    Likes Received:
    15,154
    No
     
  16. goldtopper

    goldtopper Well Known Heterosexual Gold

    Reputations:
    82,523
    Joined:
    May 31, 2013
    Messages:
    21,034
    Likes Received:
    57,646
    Hell no.
    I'm looking to cut back.
     
  17. sour

    sour Well-Known Member

    Reputations:
    50
    Joined:
    Nov 6, 2015
    Messages:
    1,307
    Likes Received:
    1,774
  18. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

    Reputations:
    23,628
    Joined:
    Dec 31, 2011
    Messages:
    66,354
    Likes Received:
    24,928
    i can get double if i am willing to move to Dubai. i passed.
     
  19. walterHwhite

    walterHwhite Heisenberg

    Reputations:
    2,924
    Joined:
    Jun 29, 2014
    Messages:
    8,403
    Likes Received:
    5,354
    Wouldn't it be tax free living outside the US?