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:
    0
    Joined:
    May 9, 2012
    Messages:
    11,768
    Likes Received:
    8,367
    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:
    3,968
    Joined:
    Sep 23, 2010
    Messages:
    45,108
    Likes Received:
    17,612
    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 VIP Gold

    Reputations:
    3,400
    Joined:
    Sep 17, 2010
    Messages:
    44,339
    Likes Received:
    22,900

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

    Gomez Well-Known Member

    Reputations:
    1,275
    Joined:
    Dec 13, 2011
    Messages:
    21,550
    Likes Received:
    6,358
    if it's Butthole, Mississippi, then NO.
     
  5. Snort

    Snort Looking for my weed and xanax Gold

    Reputations:
    4,108
    Joined:
    Nov 1, 2014
    Messages:
    20,478
    Likes Received:
    16,126
    Yes
     
  6. Snort

    Snort Looking for my weed and xanax Gold

    Reputations:
    4,108
    Joined:
    Nov 1, 2014
    Messages:
    20,478
    Likes Received:
    16,126
    Matt Harvey done for the year. Shoulder surgery.
     
  7. BrulesRules

    BrulesRules Just grab 'em in the biscuits VIP

    Reputations:
    31,977
    Joined:
    Jan 18, 2012
    Messages:
    142,615
    Likes Received:
    70,180
    all depends on the city.
     
  8. PullMyFinger

    PullMyFinger Hors d'oeuvre Addict VIP

    Reputations:
    68
    Joined:
    Sep 28, 2010
    Messages:
    11,796
    Likes Received:
    1,354
    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:
    0
    Joined:
    Apr 20, 2012
    Messages:
    27,340
    Likes Received:
    20,341
    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

    Reputations:
    9,222
    Joined:
    Jul 3, 2012
    Messages:
    27,458
    Likes Received:
    14,876
    No
     
    goldtopper likes this.
  11. walleyeslayer2

    walleyeslayer2 "It's not rocket surgery" VIP

    Reputations:
    3,679
    Joined:
    Aug 19, 2015
    Messages:
    15,903
    Likes Received:
    4,319
    I didn't move, I just commute
     
  12. jdwhatever

    jdwhatever Fesh Gold

    Reputations:
    12,470
    Joined:
    Jan 8, 2012
    Messages:
    156,070
    Likes Received:
    12,841
    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:
    2,016
    Joined:
    Feb 17, 2012
    Messages:
    5,876
    Likes Received:
    3,324
    You're asking for a friend?
     
  14. Estocada

    Estocada Well-Known Member

    Reputations:
    0
    Joined:
    May 9, 2012
    Messages:
    11,768
    Likes Received:
    8,367
    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

    Reputations:
    6,282
    Joined:
    Feb 8, 2013
    Messages:
    14,110
    Likes Received:
    13,491
    No
     
  16. goldtopper

    goldtopper Well Known Heterosexual Gold

    Reputations:
    50,495
    Joined:
    May 31, 2013
    Messages:
    20,178
    Likes Received:
    54,552
    Hell no.
    I'm looking to cut back.
     
  17. sour

    sour Well-Known Member

    Reputations:
    3
    Joined:
    Nov 6, 2015
    Messages:
    1,294
    Likes Received:
    1,750
  18. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

    Reputations:
    8,865
    Joined:
    Dec 31, 2011
    Messages:
    63,766
    Likes Received:
    22,469
    i can get double if i am willing to move to Dubai. i passed.
     
  19. walterHwhite

    walterHwhite Heisenberg

    Reputations:
    1,287
    Joined:
    Jun 29, 2014
    Messages:
    7,897
    Likes Received:
    4,925
    Wouldn't it be tax free living outside the US?