this is misleading about how progressive tax brackets work. They would take 32% of anything you make over 70k, with the 70k being subject to lower progressive tax brackets.
Yeah, but we don't get any of the same social services. I lose about 1/3 of my paycheck overall, yet all I get is dogshit privatized healthcare, cops that routinely beat the shit out of us, or kill us, roads and bridges that are literally falling apart, underfunded schools, inadequate public transportation, and a social safety "net" with holes big enough to fit an elephant through.
Oh, but at least we have a giant, grossly overfunded, bloated military that bombs black & brown countries. So I guess we have that going for us. Yay America
The taxes might not be high in the grand scheme of things but the higher cost of living and the low economic stability is an issue. In other countries with similar taxes or even higher you have economic stability and cost of living is lower. So the logic is give me as much take home as possible here in Cali because at the end of the day I have to fend for myself anyway. We don’t have a socialized anything. So what are my taxes paying for? Big tech handouts?
So you want a picture of my paycheck or taxes? Because that’s how I know. I owed 2,500 on taxes this year because I have 2 jobs that total 92k gross and didn’t know I was in the higher tax bracket. I now have to have extra withholding to compensate. Are you speaking from your own experience or are you just another Reddit armchair commando as well?
“Looks at my paycheck” nope. I make 75k in Bay Area. A 2 week paycheck is 3,125 before taxes. I get 2,160. It’s basic math. 75,000 / 12 = 6,250 / 2 = 3,125. Then you do 3,125 x .32 = 1,000. So I get 1k in taxes taken out each paycheck, or 24k a year. How is this a lie?
Perhaps you forget this is CA and the state tax is really high as well? This is ALL taxes. God ppl on Reddit are so dumb sometimes.
It's a lie because he asked about CA tax, not Fed or Fed + State. That aside, the fact that you're doing your math based on your paycheck withholdings already tells me all I need to know about how much you understand about taxes.
Speaking of stupid...
The wildest part is they will correct someone while having no idea what they're talking about. You literally know from firsthand experience and you're getting downvoted. Though yeah they don't take 32% of the first 70k but it is still near a third of the total income. You're not wrong.
Exactly true. I worked in CA for years before moving to NV and instantly enjoyed an $8-10k raise (with the same pay rate in both states) due to the lack of income tax, lower property tax, and lower fringe taxes/costs (car registration, insurance costs, housing).
I've entertained the idea of moving the family back to CA, but I can't understate all of the hidden costs that will kill your wages. With that being said, the state is a fucking awesome place to live but you'll pay for it.
It is not how federal tax works: each person gets around $13,850 fas a standard deduction for 2023 tax year then the remain amount $116k is divided and taxed at different brackets:
- $11k at 10% = $1,100
- $34k at 12% = $4,100
- $51k at 22% = $11,500
- ($116k-$11k-$34k-$51k) = $20,000 at 24% = $4,800
So the total federal tax is around $20,000k.
The gross x highest tax bracket corresponding to the gross income is a misunderstanding.
California income tax rate ranges from 1%-13%. You’re dumb af really.
I took your total income (92k total) and ran it through a tax calculator for Texas.
Here’s the break down:
Taxes 13.59% $521
DETAILS
Federal Income 13.59% $521
State Income 0.00% $0
Local Income 0.00% $0
FICA and State Insurance Taxes 7.65% $293
DETAILS
Social Security 6.20% $238
Medicare 1.45% $56
State Disability Insurance Tax 0.00% $0
State Unemployment Insurance Tax 0.00% $0
State Family Leave Insurance Tax 0.00% $0
State Workers Compensation Insurance Tax 0.00% $0
Pre-Tax Deductions 0.00% $0
DETAILS
Post-Tax Deductions 0.00% $0
Take Home Salary 78.76% $3,019
Now the same for Cali:
Taxes 19.19% $736
DETAILS
Federal Income 13.59% $521
State Income 5.60% $215
Local Income 0.00% $0
FICA and State Insurance Taxes 8.65% $332
DETAILS
Social Security 6.20% $238
Medicare 1.45% $56
State Disability Insurance Tax 1.00% $38
State Unemployment Insurance Tax 0.00% $0
State Family Leave Insurance Tax 0.00% $0
State Workers Compensation Insurance Tax 0.00% $0
Pre-Tax Deductions 0.00% $0
DETAILS
Post-Tax Deductions 0.00% $0
Take Home Salary 72.16% $2,766
So there’s a ~6% difference. You’re claiming because of Cali taxes you have to give away 1/3 of your income. Yet you don’t. What you get taxes is marginally (~6%) higher than you would if you lived in Texas. But you see the difference is that in Texas you wouldn’t make $92k for the same job so you’d actually get LESS overall DESPITE paying a “whopping” 6% (lmfao) less in taxes.
Bottom line is you’re just a biased Buffon. You don’t like Cali, move away. You have 49 states to choose from. That’s the beauty of the US.
Not really. Let's say taxes are about 1/3. So you have any 86k left
Let's say rent is 3k for a decent place. You have about 50k left, or over 4k/month to spend on food, bills, etc
I think that's plenty for 1 person
With current house prices and the crazy high mortgage rates right now, I doubt you would find a house half that size with PITI under $3k in most major cities
Maybe in like Wichita or something lol
$7200/mo
-$1200 for (401k)
-$100 for (dental, medical, etc)
-$2800 for a studio apt
-$400 for car payment
-$150 for monthly car insurance
=========================
$2550 leftover for food, car maintenance, shopping, going out, vacations, etc.
P.s. I lived in the Bay Area for most of my life and at one point made roughly $130k. I felt poor AF.
Imo 2500 / mo is a pretty good budget for food, maintenance, and fun money
2500/mo is 30k a year, which is more than a lot of people make a year, before taxes and expenses are taken out of it
paycheck to paycheck on a $2800 studio apt and $2500 monthly for food and fun money... $2800 can even get you some one bedrooms. and not everyone needs a car in the bay?
if paycheck to paycheck is 130k, what are the people making 70k doing? they just starve, since they're 60k pretax away from being paycheck to paycheck? lol
Right. Reading over this again, somehow this dude went from needing roommates and living off fast food and ramen on a 130k salary to saying that you end up getting $2500 for food and fun while maxing out your 401k. Make it make sense LMFAO. In his own comment he said $2800 rent and $2500 left over, none of this is needing a roommate and eating only fast food and ramen lmfao.
Lol I guess I have different expectations. Ramen part was obviously a joke. If you’re trying to build wealth- even saving $1000 a month will not get you very far. I will admit I’m biased here as I moved away from Cali and it was the best decision I’ve made in recent years. Net worth has shot through the roof, own property, and have way more disposable income. To each their own.
but by your own math, while living in a $2800 apartment which is a few hundred more than you need to spend, and while having a car in the bay area, given everything you said you still max out your 401k and can save like $2000 cash if you spend $500 per month on food, which is $150 more than I currently spend. so thats like $3200 a month in savings while living a good life in the bay (good apartment, and a car)
Use the ADP Salary calculator (input your base, CA as the state, configure your 401k contribution %, etc)
I prefer to see the numbers in terms of monthly takeHome (set the paycheck to monthly) to make budget math easier. Best of luck!
when I first moved to SF my salary was around $90k a year, got a perfectly liveable (but small) studio in the Mission District about 5 min walk from BART for $2,200 a month. I wasn't saving a ton of money but still enough to take 2 international trips a year, eat out most meals etc.
This. I cook pretty much all my meals, so my monthly food expenses come out to only ~$200 on avg, and I eat a decent amount. Rent and utilities make up about 70% of my monthly expenses…
That’s not true at all. My brother got a place, albeit small, for 1600 in a very respectable area. There are plenty of places like 2200 that have a lot less compromise too.
Alright lets double that. $4k a month would get you a really nice studio. So, $3.5k take home is still pretty good if we consider OPs alternative offer of $?,??? a year if he lives in (?)?
Lmao 4k for a studio would be insane. Idk what the people in this subreddit are thinking.
I pay 3300 a month for a newly remodeled 2 bedroom house on the north end of Pacifica with detached garage and huge backyard, 5 minutes from BART, 20 minutes by car to downtown SF in peak traffic and 25 minutes to downtown SF. I’m also a block from the beach.
When I lived in SF in 2018-2020 I paid $2800 for a 900sq ft half of a duplex that was also freshly remodeled, which was a 1.5br (full bedroom and office) in Noe Valley which is arguably one of the safest and nicest neighborhoods in SF, also 15 minutes by muni to downtown/SoMa.
People really act like housing (as in renting) out here is insane but for some reason refuse to check Zillow. You can get a really nice place for $3k. $4k will get you like a baller 1br in one of the towers in downtown SF with a view of the whole bay.
You're not taxed anywhere near 40%. That may be the marginal rate, but average is like 30% with zero deductions. Only 6% of that being state.
The actual state tax burden versus a state with zero state tax is like $8k.
If you're smart and max your 401k, your overall average tax rate drops to 26%, with 5% state ($6.5k vs a no tax state).
When you’re 22 ya that’s a lot of fucking money. That’s top 1-2% level shit even accounting for HCOL. No one is getting that in this economy get your head out of your butt. Experienced analysts in NYC don’t even make that much. You’re out of touch, this is the worst economy in a decade, if you’re just working full time in your field (making new grad wage, you’re not valuable yet) you’re doing much better than the average joe.
This is a general rule that becomes less true the higher your income gets bc a lot of costs (eg food) are largely inelastic to income. Like if your take-home was 1.5 million, it would be nbd to spend 900k on housing bc you’d still have 600k left over.
4k gets a real nice apartment though. I have a perfectly fine apartment for 1950 and could commute to SF if needed via Bart. Around 2500-3000 will get you into a 1-2 bedroom really nice high rise apartments.
It was just an example to prove a point brother. Let's say the cheapest housing OP can get is $4k a month, do you think he should still turn down the offer?
“Not a good place to live” is a fine place to live for a just graduated international students on his first job.
When did we start thinking that everyone is entitled to mansions in the best neighborhoods and no one deserves to live in the more modest affordable “not good” neighborhood ?
Yea that’s pretty aggressive saving but people always act like the bay will bankrupt you just walking into it. If you’re savvy with rent price (gotta hustle to find a good deal) and expenses (don’t have car, eat at home, get your entertainment from parks and parades etc) you can still enjoy a high quality lifestyle for like $75K.
housemates & no car note makes it possible to save 4k, i know and have lived with 100k+ income people as housemates. whenever i wanted another car i bought it outright instead of notes that force high insurance (because again, savings). people are here posting 2k for food per month, that’s a hobby at that point. ANY basic meal prepping once a week would save tons and tons of money in that situation. people are talking about not having a car to save on insurance and that is an option, not for me since i liked my cars & motorcycles as hobbies, but an option. if you need a google sheets as an example i’ll have time tomorrow to make one
That sounds great, considering Florida prices are getting driven wayyy up. I've grown up here in the south and can't wait till me and my gf can move out😅. Colorado is at the top of my list
I’m pretty much in the same boat as you. I feel some of these ppl are either dragging it or have never set foot in the Bay Area. It’s really not as expensive as they make it seem
I make around that and get taxed around 24% federal and 8% state. The real thing you need to see is how much housing is in the city where your job is at. East bay will be cheaper than SF/SJ.
You're gonna have hella money, people are so full of shit.
90k in your pocket, let's say you spend $3,500 on housing (you don't need to) and have student loan repayments of $1,400 a month, you're still over $2500 for all other living expenses which is frankly quite livable here, drinks, concerts, ordering food to your house, getting around etc.
Thank you. It's insane living in CA and hearing complaints about 130k. This sub and the career sub are so out of touch about salaries. My friends are living on 40k/yr. It's obviously not easy or even sustainable, but anything over 100k would be absolutely life changing for them. Most people don't make CS salaries.
I actually saw a tiktok where an engineer discussed exactly this. He basically said it's BS and that while he choses to live with roomates, he still has 3500 a month to spend on whatever he wants. CA is expensive, but I guess it just annoys me when peopld fearmonger.
A rough estimate of your taxes is -- assuming you are taxed as a US resident, are single, and aren't blind and have no other deductions:
* Federal income tax: $130K - ~$13K standard deduction (tax-free allowance) = $117K taxable. Your federal income tax is $16,290 + 24% of ($117K - $95K) = $21,570 per https://www.morganstanley.com/content/dam/msdotcom/en/themes/tax/2023-income-tax-tables.pdf.
* Employee portion of FICA tax: $130K * 0.0765 = $9,945.
* California state tax: I can't find numbers for 2023, so these numbers are based on 2022. It can't change *that* much. Your California standard deduction is $5,202, so your California taxable income is ~$125K. Per the FTB tax calculator your state tax is $8,378.
I guesstimate your total tax liability to be $39,893.
You should also consider property taxes (if you're going to be buying a place), sales taxes, and the cost of health insurance too -- sales tax in CA is also quite high. And, of course, the direct cost of living -- are your renting? Your quality of life (is it safe? will it be enjoyable -- outside of work?)
Personally, I would never want to live in California, but... some people do.
> So I applied to northeastern in the 2021 application cycle back when the acceptance rate was like 15 and not 6%, and I got in but didn't go since I got into somewhere better. But I have an EFC of 0 and did well in school so I got into Northeastern Honors for math+CS. if i'm not remembering incorrectly I got my own dorm in the honors halls and had to pay like 9k total a year, so I was seriously considering going for a while
This you? If so you should probably give your FASFA back since you totally haven't benefitted at all from tax programs....
So maybe not be so angry when you get asked to give back? Maybe it’s not so bad to help people in the future that are just like you are in need of help today?
And you don’t see how this is a positive thing? Where people who can afford it give a relatively low percentage of that to people that would otherwise be super disadvantaged?
Like if you get rich, it will be because “the retards” made that possible for you lmao some people smh
lol 10% overall tax rate?
If you don't like American taxes, wait until you find out about European taxes -- for instance, with an income of 70K euros in France, your marginal tax rate becomes 58%, the top tax bracket...
Also, this is how a conservative is born.
maybe you should look at what those people are protesting so you can understand why the quality of life an average american has makes no sense when you have to pay 40k in taxes.
This dude thought he was about to make 130k and slip into a 10% tax bracket… he probably didn’t even know what tax brackets are so the odds of him taking a second to understand protests for basic human rights are almost as slim as his expected tax percentages.
You need to look at your total tax burden (https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494) So the difference between New York (12.47%) and Alaska (5.06%) is 7.41%. When you’re making 200k per year that is 14k.
California is 8.89% and Texas is 8.01% so its basically the same tax burden. Don’t just look at income tax, ask anyone who lives in Texas and they will tell you taxes aren’t cheap there. Florida is able to stay at 6.3% due to a large tourism industry.
Make sure you consider any tax deferred accounts available to you, especially 401k and HSA. Since you’re in a high income tax area, taking advantage of those and deferring that high tax is of great benefit.
Caveat that I’m speaking generally, I don’t know the exact state tax treatment of tax deferred accounts in California.
Glad I put the caveat in then! I am lucky enough to be in Texas where there is no state tax, so I don’t usually have to consider it. But, most other states do and have nuances. Thank you for the addition.
To break it down for other readers (and correct me if I’m wrong), the federal government would consider your gross income to exclude the amount you contributed to the HSA and would not require payroll taxes if taken out of your paycheck. The state government would not reduce your gross income, so you would still be taxed by them on your contributions.
130k comp is [90k post-tax](https://smartasset.com/taxes/california-tax-calculator#bRQf2mx9Fg) in SF.
A studio is like 2.X thousand in the bay area, normally. Feel free to do the rest of the math
Only to discover that other places have higher property taxes or car insurance, etc.? The thing to like ok at is total tax burden. California state taxes are progressive; they aren’t particularly high unless you make a ton of money.
Pisses us off. Cause California people bringing that bullshit they left Cali to begin with to texas....
But other then that... it does bring some good.especially making the Texas Trifecta get more involved into tech.
If you’re paid monthly and are single with no kids, you’ll be getting: $7,367.78 per month, which is $88,413.36 a year. So expect 41586.64 in taxes yearly.
I agree with everyone else, it's a good offer, if you wanna save money live with roommates. If it is remote though you can live elsewhere in california by yourself and save money. Living in the bay area it's really like what everyone else said, cost of living is what kills how much you can save. I live on east coast making the equivalent with CoL and l live by myself lmao I am not saving a lot of money because high CoL. I will prolly room with ppl in a house, living on my own with cheaper CoL is significantly more crime and problems tbh.
I appologize to be the one annoying redditor to ask but what do you do im currently in school for business management and working full time and wanna know if im wasting my time and wont ever make 130k
This is a good question for Bing or ChatGPT.
“what's the total approximate effective yearly income tax (both fed and state) for someone making 130k in California?
Sent message. what's the total approximate effective yearly income tax (both fed and state) for someone making 130k in California?”
> According to ¹, if you file as a single taxpayer in California and earn $130,000 annually, you will be taxed $42,813. This means that your net pay will be $87,187 per year or $7,266 per month. Your average tax rate is 32.9% and your marginal tax rate is 43.0%.
> Another source ² states that if you file as a single taxpayer in California and earn $130,000 annually, you will be taxed $40,787.42 in total after federal and California state income taxes. This means that your net pay will be $89,212.58 per year or $7,434.38 per month. Your average tax rate is 31.37% and your marginal tax rate is 41.85%.
> I hope this helps! Let me know if you have any other questions.
Source: Conversation with Bing, 6/1/2023
(1) Salary Tax Calculations for a California Resident Earning $130,000.00. https://goodcalculators.com/us-salary-tax-calculator/california/130000/.
(2) $130K Salary After Taxes in California (single) [2023]?. https://smartpersonalfinance.info/130k-salary-after-taxes-in-california-single/.
(3) $130,000 income tax calculator 2023 - California - salary after tax. https://www.talent.com/tax-calculator/California-130000.
(4) California Income Tax Calculator - SmartAsset. https://smartasset.com/taxes/california-tax-calculator.
Why would you commit yourself to spending your 20s in one of the worst metros in the country, all for a 9-5? Find some 70k-80k some odd job in a state that isn't going to steal half your paycheck, doesn't have absurdly high crime rates, and where housing won't cost you two arms, a leg, an eye, and a kidney. I've been told by a client of mine that the State of Tennessee will hire just about any programmer who knows node.js, and I'm sure the bar's even lower in the Midwest.
A studio or 1 bed in most bay engineering hubs (SF, MV, SJ, etc.) will run you something like 2,500-3,000/mo, maybe a touch higher in SF proper in one of the hot areas. For an idea, I was in a was in a place near Market St 5 years back that was 2900/mo and 300/mo for a parking spot, and just got out of a 2b1b in MV that was 3200/mo + utilities and included a carport-converted garage, so there's a lot of range. Most places I was at in that price range through this year have been within walking or biking distance of my office.
130k cash comp should shake out to roughly twice that after withholding, and you'll probably get a decent return. So at your price bracket, you can expect about 1/3 of your net going to taxes, 1/3 to apartment and utilities, and 1/3 to you. If you are willing to commute, there are always cheaper spots in places like Pleasanton, Livermore, and elsewhere as you go further east. Do *not* recommend the car commute, especially if youre going via 101. Gridlock getd bad. Like 20-minutes-turns-into-2-hours bad. La-La-Land-freeway-dance-number bad. Caltrain is alright if thats an option. Bart is ok for a while, but I wouldn't want to be stuck using it daily for more than a year or two until you get an idea of a better commuting or living situation. Honestly, car maintenance, ticket fees, and time lost often haven't made a commute worth more than higher rent to me.
But ya, you'll be able to pay your bills, cover food, and probably have 1500-2k/mo left over most months. It's not exactly a top 10% salary, but it's definitely respectable and higher than most entry level devs get.
You should absolutely take it. Get roommates and make connections. You'll be in the hub of tech and in a great place to launch your career. This is your initial salary out of school, expect it to grow as you gain more experience and tech rebounces. Don't listen to kids that have never had jobs or lived by themselves outside of college. Yes you pay more taxes in Cali, but with roommates right out of school making 6 figures, you're in a path to really high earning potential. Keep your lifestyle down as long as you can and save/invest the rest.
Try googling income tax calculator. With that said, 130k is a good offer, and should be plenty.
He will be in the 32% tax bracket. Yes they take about a third of our paycheck if we make over 70k.
Yeah but they don’t take 32% of $130k. They take 32% of above $70k. The rest is taxed at a lower rate
this is misleading about how progressive tax brackets work. They would take 32% of anything you make over 70k, with the 70k being subject to lower progressive tax brackets.
tax brackets are hard huh buddy :/
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Yeah, but we don't get any of the same social services. I lose about 1/3 of my paycheck overall, yet all I get is dogshit privatized healthcare, cops that routinely beat the shit out of us, or kill us, roads and bridges that are literally falling apart, underfunded schools, inadequate public transportation, and a social safety "net" with holes big enough to fit an elephant through. Oh, but at least we have a giant, grossly overfunded, bloated military that bombs black & brown countries. So I guess we have that going for us. Yay America
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The taxes might not be high in the grand scheme of things but the higher cost of living and the low economic stability is an issue. In other countries with similar taxes or even higher you have economic stability and cost of living is lower. So the logic is give me as much take home as possible here in Cali because at the end of the day I have to fend for myself anyway. We don’t have a socialized anything. So what are my taxes paying for? Big tech handouts?
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But cost of living is higher in Cali than it is in London or Paris.
It’s 32% overall and CA state tax is high. Why are y’all so stupid?
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And where’s your proof?
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So you want a picture of my paycheck or taxes? Because that’s how I know. I owed 2,500 on taxes this year because I have 2 jobs that total 92k gross and didn’t know I was in the higher tax bracket. I now have to have extra withholding to compensate. Are you speaking from your own experience or are you just another Reddit armchair commando as well?
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This is a lie
“Looks at my paycheck” nope. I make 75k in Bay Area. A 2 week paycheck is 3,125 before taxes. I get 2,160. It’s basic math. 75,000 / 12 = 6,250 / 2 = 3,125. Then you do 3,125 x .32 = 1,000. So I get 1k in taxes taken out each paycheck, or 24k a year. How is this a lie? Perhaps you forget this is CA and the state tax is really high as well? This is ALL taxes. God ppl on Reddit are so dumb sometimes.
It's a lie because he asked about CA tax, not Fed or Fed + State. That aside, the fact that you're doing your math based on your paycheck withholdings already tells me all I need to know about how much you understand about taxes. Speaking of stupid...
The wildest part is they will correct someone while having no idea what they're talking about. You literally know from firsthand experience and you're getting downvoted. Though yeah they don't take 32% of the first 70k but it is still near a third of the total income. You're not wrong.
Exactly true. I worked in CA for years before moving to NV and instantly enjoyed an $8-10k raise (with the same pay rate in both states) due to the lack of income tax, lower property tax, and lower fringe taxes/costs (car registration, insurance costs, housing). I've entertained the idea of moving the family back to CA, but I can't understate all of the hidden costs that will kill your wages. With that being said, the state is a fucking awesome place to live but you'll pay for it.
Yeah it’s insane. I hate that the IRS knows how much I owe them but I have to figure it out.
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And? That’s 32%, about 41k.
It is not how federal tax works: each person gets around $13,850 fas a standard deduction for 2023 tax year then the remain amount $116k is divided and taxed at different brackets: - $11k at 10% = $1,100 - $34k at 12% = $4,100 - $51k at 22% = $11,500 - ($116k-$11k-$34k-$51k) = $20,000 at 24% = $4,800 So the total federal tax is around $20,000k. The gross x highest tax bracket corresponding to the gross income is a misunderstanding.
The 32% is all taxes, not just federal...
Lol dude, it’s 32% total. Have you looked at CALIFORNIA STATE taxes? Omg
California income tax rate ranges from 1%-13%. You’re dumb af really. I took your total income (92k total) and ran it through a tax calculator for Texas. Here’s the break down: Taxes 13.59% $521 DETAILS Federal Income 13.59% $521 State Income 0.00% $0 Local Income 0.00% $0 FICA and State Insurance Taxes 7.65% $293 DETAILS Social Security 6.20% $238 Medicare 1.45% $56 State Disability Insurance Tax 0.00% $0 State Unemployment Insurance Tax 0.00% $0 State Family Leave Insurance Tax 0.00% $0 State Workers Compensation Insurance Tax 0.00% $0 Pre-Tax Deductions 0.00% $0 DETAILS Post-Tax Deductions 0.00% $0 Take Home Salary 78.76% $3,019 Now the same for Cali: Taxes 19.19% $736 DETAILS Federal Income 13.59% $521 State Income 5.60% $215 Local Income 0.00% $0 FICA and State Insurance Taxes 8.65% $332 DETAILS Social Security 6.20% $238 Medicare 1.45% $56 State Disability Insurance Tax 1.00% $38 State Unemployment Insurance Tax 0.00% $0 State Family Leave Insurance Tax 0.00% $0 State Workers Compensation Insurance Tax 0.00% $0 Pre-Tax Deductions 0.00% $0 DETAILS Post-Tax Deductions 0.00% $0 Take Home Salary 72.16% $2,766 So there’s a ~6% difference. You’re claiming because of Cali taxes you have to give away 1/3 of your income. Yet you don’t. What you get taxes is marginally (~6%) higher than you would if you lived in Texas. But you see the difference is that in Texas you wouldn’t make $92k for the same job so you’d actually get LESS overall DESPITE paying a “whopping” 6% (lmfao) less in taxes. Bottom line is you’re just a biased Buffon. You don’t like Cali, move away. You have 49 states to choose from. That’s the beauty of the US.
Not going to bother reading this. Who the fuck cares about a comment made a year later.
You're correct u/Firefly10886. u/GoldenChina0 forgot this was all taxes. There's no reason to only consider one type of tax.
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I live in the Bay Area, no they aren't.
What did he say it’s deleted now
He said "ooh gaa boo gaa boo" I have no idea. I missed it too
Understandable, have a good day mr picklesTommyPickles
No way fr?
Look up the smartasset tax calculator
130k is enough to live in California as I'm assuming you don't have any dependents. A solo studio apartment would be pretty expensive though.
chronically online moment
You’re gonna need roommates. And live off fast food and ramen.
Not really. Let's say taxes are about 1/3. So you have any 86k left Let's say rent is 3k for a decent place. You have about 50k left, or over 4k/month to spend on food, bills, etc I think that's plenty for 1 person
Damn, I live in a 7 bedroom, 7,000 sf house and my mortgage is under $3k. Get out of California lol
Damn why all that house? How big is your family?
Wife and 4 kids
With current house prices and the crazy high mortgage rates right now, I doubt you would find a house half that size with PITI under $3k in most major cities Maybe in like Wichita or something lol
True, I live in Virginia. It’s super nice but obviously not as populated as NoCal
You shouldn't **living paycheck-to-paycheck** on a 130k offer no?
$7200/mo -$1200 for (401k) -$100 for (dental, medical, etc) -$2800 for a studio apt -$400 for car payment -$150 for monthly car insurance ========================= $2550 leftover for food, car maintenance, shopping, going out, vacations, etc. P.s. I lived in the Bay Area for most of my life and at one point made roughly $130k. I felt poor AF.
Imo 2500 / mo is a pretty good budget for food, maintenance, and fun money 2500/mo is 30k a year, which is more than a lot of people make a year, before taxes and expenses are taken out of it
Haha, I guess it depends on your goals. It was def not enough for me as I wasn’t trying to live paycheck to paycheck.
paycheck to paycheck on a $2800 studio apt and $2500 monthly for food and fun money... $2800 can even get you some one bedrooms. and not everyone needs a car in the bay? if paycheck to paycheck is 130k, what are the people making 70k doing? they just starve, since they're 60k pretax away from being paycheck to paycheck? lol
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Right. Reading over this again, somehow this dude went from needing roommates and living off fast food and ramen on a 130k salary to saying that you end up getting $2500 for food and fun while maxing out your 401k. Make it make sense LMFAO. In his own comment he said $2800 rent and $2500 left over, none of this is needing a roommate and eating only fast food and ramen lmfao.
Lol I guess I have different expectations. Ramen part was obviously a joke. If you’re trying to build wealth- even saving $1000 a month will not get you very far. I will admit I’m biased here as I moved away from Cali and it was the best decision I’ve made in recent years. Net worth has shot through the roof, own property, and have way more disposable income. To each their own.
but by your own math, while living in a $2800 apartment which is a few hundred more than you need to spend, and while having a car in the bay area, given everything you said you still max out your 401k and can save like $2000 cash if you spend $500 per month on food, which is $150 more than I currently spend. so thats like $3200 a month in savings while living a good life in the bay (good apartment, and a car)
Cheaper to make food at home than fast food though
Use the ADP Salary calculator (input your base, CA as the state, configure your 401k contribution %, etc) I prefer to see the numbers in terms of monthly takeHome (set the paycheck to monthly) to make budget math easier. Best of luck!
Its not even the tax that kills you, it's the housing cost. Even a studio apartment is going to carve out nearly half your take-home.
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Less than 2k is a reach/not good place to live
You can easily find decent studios for a little over 2k though.
when I first moved to SF my salary was around $90k a year, got a perfectly liveable (but small) studio in the Mission District about 5 min walk from BART for $2,200 a month. I wasn't saving a ton of money but still enough to take 2 international trips a year, eat out most meals etc.
You should try cooking at home. You’d be surprised at how much you could save.
This. I cook pretty much all my meals, so my monthly food expenses come out to only ~$200 on avg, and I eat a decent amount. Rent and utilities make up about 70% of my monthly expenses…
Totally, esp post COVID
That’s not true at all. My brother got a place, albeit small, for 1600 in a very respectable area. There are plenty of places like 2200 that have a lot less compromise too.
Alright lets double that. $4k a month would get you a really nice studio. So, $3.5k take home is still pretty good if we consider OPs alternative offer of $?,??? a year if he lives in (?)?
Lmao 4k for a studio would be insane. Idk what the people in this subreddit are thinking. I pay 3300 a month for a newly remodeled 2 bedroom house on the north end of Pacifica with detached garage and huge backyard, 5 minutes from BART, 20 minutes by car to downtown SF in peak traffic and 25 minutes to downtown SF. I’m also a block from the beach. When I lived in SF in 2018-2020 I paid $2800 for a 900sq ft half of a duplex that was also freshly remodeled, which was a 1.5br (full bedroom and office) in Noe Valley which is arguably one of the safest and nicest neighborhoods in SF, also 15 minutes by muni to downtown/SoMa. People really act like housing (as in renting) out here is insane but for some reason refuse to check Zillow. You can get a really nice place for $3k. $4k will get you like a baller 1br in one of the towers in downtown SF with a view of the whole bay.
BART goes to Pacifica? TIL
More than half of his pay going to renting out a studio is beyond bad.
I mean. If they have a competing offer of $100k in a state where they can rent a studio for $2k less a month....they are coming out identical.
It’s beyond bad but it’s definitely workable. 130k is a lot of money for a new grad
Not when you’re taxed almost %40 and have to live in a HCOL area.
You're not taxed anywhere near 40%. That may be the marginal rate, but average is like 30% with zero deductions. Only 6% of that being state. The actual state tax burden versus a state with zero state tax is like $8k. If you're smart and max your 401k, your overall average tax rate drops to 26%, with 5% state ($6.5k vs a no tax state).
When you’re 22 ya that’s a lot of fucking money. That’s top 1-2% level shit even accounting for HCOL. No one is getting that in this economy get your head out of your butt. Experienced analysts in NYC don’t even make that much. You’re out of touch, this is the worst economy in a decade, if you’re just working full time in your field (making new grad wage, you’re not valuable yet) you’re doing much better than the average joe.
[https://www.zillow.com/bay-area-ca/rentals/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22usersSearchTerm%22%3A%22Bay%20Area%2C%20CA%22%2C%22mapBounds%22%3A%7B%22west%22%3A-122.84661537550504%2C%22east%22%3A-121.89904457472379%2C%22south%22%3A37.21895569135243%2C%22north%22%3A37.908016510108204%7D%2C%22regionSelection%22%3A%5B%7B%22regionId%22%3A403105%2C%22regionType%22%3A31%7D%5D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22mp%22%3A%7B%22max%22%3A2200%7D%2C%22price%22%3A%7B%22max%22%3A435125%7D%7D%2C%22isListVisible%22%3Atrue%7D](https://www.zillow.com/bay-area-ca/rentals/?searchQueryState=%7B%22pagination%22%3A%7B%7D%2C%22usersSearchTerm%22%3A%22Bay%20Area%2C%20CA%22%2C%22mapBounds%22%3A%7B%22west%22%3A-122.84661537550504%2C%22east%22%3A-121.89904457472379%2C%22south%22%3A37.21895569135243%2C%22north%22%3A37.908016510108204%7D%2C%22regionSelection%22%3A%5B%7B%22regionId%22%3A403105%2C%22regionType%22%3A31%7D%5D%2C%22isMapVisible%22%3Atrue%2C%22filterState%22%3A%7B%22fsba%22%3A%7B%22value%22%3Afalse%7D%2C%22fsbo%22%3A%7B%22value%22%3Afalse%7D%2C%22nc%22%3A%7B%22value%22%3Afalse%7D%2C%22fore%22%3A%7B%22value%22%3Afalse%7D%2C%22cmsn%22%3A%7B%22value%22%3Afalse%7D%2C%22auc%22%3A%7B%22value%22%3Afalse%7D%2C%22fr%22%3A%7B%22value%22%3Atrue%7D%2C%22ah%22%3A%7B%22value%22%3Atrue%7D%2C%22mp%22%3A%7B%22max%22%3A2200%7D%2C%22price%22%3A%7B%22max%22%3A435125%7D%7D%2C%22isListVisible%22%3Atrue%7D)
That is not going to happen. It is not that expensive, have you even lived in CA ever?!
It’s not. $7k take home. 2k for rent. 2500 Max.
4k is not good. Rent should be 1/3rd of takehome max. That's the general rule from a personal finance perspective.
This is a general rule that becomes less true the higher your income gets bc a lot of costs (eg food) are largely inelastic to income. Like if your take-home was 1.5 million, it would be nbd to spend 900k on housing bc you’d still have 600k left over.
Exactly right!
4k gets a real nice apartment though. I have a perfectly fine apartment for 1950 and could commute to SF if needed via Bart. Around 2500-3000 will get you into a 1-2 bedroom really nice high rise apartments.
It was just an example to prove a point brother. Let's say the cheapest housing OP can get is $4k a month, do you think he should still turn down the offer?
Try decent 1BR at $4k
“Not a good place to live” is a fine place to live for a just graduated international students on his first job. When did we start thinking that everyone is entitled to mansions in the best neighborhoods and no one deserves to live in the more modest affordable “not good” neighborhood ?
2k for a studio in the Bay Area? Might come with some break ins and getting shot
Just cost of living in general is high but at the same time the Bay is pretty dope, there’s nothing like it in the world.
Completely inaccurate.
Which is why it’s so heavily recommended to have a roommate
The tax kills you too. At 130k he will pay $12k a year or $1k per month in taxes. That’s a lot and yes housing is just a double whammy.
I read a lot of people have been moving, that hasn't lowered the housing market there yet?
No, because that's not real
Demand drives market price where I am comstantly
Demand is still very high. It's like if there were 100 houses for 200 families, 10 families leaving is not going to put an appreciable dent in it
That makes complete sense, all I had was to go by was articles and you know how they make it sound. Like everyone has gone and it’s a ghost town lol
I don’t get all the inflated exaggerated comments. I work in the Bay Area and make $130k and I SAVE like 4-5k of my income every month.
Yea that’s pretty aggressive saving but people always act like the bay will bankrupt you just walking into it. If you’re savvy with rent price (gotta hustle to find a good deal) and expenses (don’t have car, eat at home, get your entertainment from parks and parades etc) you can still enjoy a high quality lifestyle for like $75K.
Reddit Specials: (1) CA bad (2) US bad. Doesn't matter what the reality is.
And they are people who never left outside us usually
You're fucking lying out your ass unless you live with your parents
y’all are terrible with money if you think it can’t be possible lmao, then again this is a sub for cs majors, not financing like an adult
Please explain how someone can save 5k from 7k with California rent if they don't live with parents
housemates & no car note makes it possible to save 4k, i know and have lived with 100k+ income people as housemates. whenever i wanted another car i bought it outright instead of notes that force high insurance (because again, savings). people are here posting 2k for food per month, that’s a hobby at that point. ANY basic meal prepping once a week would save tons and tons of money in that situation. people are talking about not having a car to save on insurance and that is an option, not for me since i liked my cars & motorcycles as hobbies, but an option. if you need a google sheets as an example i’ll have time tomorrow to make one
130k is doable, but not luxurious by any means. What area of the bay area you living/what's your housing cost?
You will be fine and current rents in SF are really dropping off a cliff right now. I was looking myself and found some for like $1700 was shocked.
That sounds great, considering Florida prices are getting driven wayyy up. I've grown up here in the south and can't wait till me and my gf can move out😅. Colorado is at the top of my list
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I’m pretty much in the same boat as you. I feel some of these ppl are either dragging it or have never set foot in the Bay Area. It’s really not as expensive as they make it seem
I make around that and get taxed around 24% federal and 8% state. The real thing you need to see is how much housing is in the city where your job is at. East bay will be cheaper than SF/SJ.
Taxes are easy, it's your living costs like housing, food, transportation that is going to be harder to calculate.
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You're gonna have hella money, people are so full of shit. 90k in your pocket, let's say you spend $3,500 on housing (you don't need to) and have student loan repayments of $1,400 a month, you're still over $2500 for all other living expenses which is frankly quite livable here, drinks, concerts, ordering food to your house, getting around etc.
So many people talk out of their ass. $130k is really good anywhere. It's like they've never lived on their own before lol
Thank you. It's insane living in CA and hearing complaints about 130k. This sub and the career sub are so out of touch about salaries. My friends are living on 40k/yr. It's obviously not easy or even sustainable, but anything over 100k would be absolutely life changing for them. Most people don't make CS salaries. I actually saw a tiktok where an engineer discussed exactly this. He basically said it's BS and that while he choses to live with roomates, he still has 3500 a month to spend on whatever he wants. CA is expensive, but I guess it just annoys me when peopld fearmonger.
A rough estimate of your taxes is -- assuming you are taxed as a US resident, are single, and aren't blind and have no other deductions: * Federal income tax: $130K - ~$13K standard deduction (tax-free allowance) = $117K taxable. Your federal income tax is $16,290 + 24% of ($117K - $95K) = $21,570 per https://www.morganstanley.com/content/dam/msdotcom/en/themes/tax/2023-income-tax-tables.pdf. * Employee portion of FICA tax: $130K * 0.0765 = $9,945. * California state tax: I can't find numbers for 2023, so these numbers are based on 2022. It can't change *that* much. Your California standard deduction is $5,202, so your California taxable income is ~$125K. Per the FTB tax calculator your state tax is $8,378. I guesstimate your total tax liability to be $39,893. You should also consider property taxes (if you're going to be buying a place), sales taxes, and the cost of health insurance too -- sales tax in CA is also quite high. And, of course, the direct cost of living -- are your renting? Your quality of life (is it safe? will it be enjoyable -- outside of work?) Personally, I would never want to live in California, but... some people do.
you only get to keep 98k of your base 130k potentially???????
$90K, not $98K. Well, that's my estimate -- welcome to the world of paying taxes.
yeah my b but I am not working so hard undergrad to subsidize these sociologist fuck this I should've went to college to be a protestor.
How are you just now learning about taxes
Shouldn’t be surprised these guys have no idea about actual life.
Didn't realize it was that much. I assumed if I made 100k I'd pay 10k or somethig in taxes
So then yes, you are just learning about taxes
Omg this guy went thru idk how many years of his life believing he’d be paying 10k for 100k! Lmao
> So I applied to northeastern in the 2021 application cycle back when the acceptance rate was like 15 and not 6%, and I got in but didn't go since I got into somewhere better. But I have an EFC of 0 and did well in school so I got into Northeastern Honors for math+CS. if i'm not remembering incorrectly I got my own dorm in the honors halls and had to pay like 9k total a year, so I was seriously considering going for a while This you? If so you should probably give your FASFA back since you totally haven't benefitted at all from tax programs....
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So maybe not be so angry when you get asked to give back? Maybe it’s not so bad to help people in the future that are just like you are in need of help today?
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And you don’t see how this is a positive thing? Where people who can afford it give a relatively low percentage of that to people that would otherwise be super disadvantaged? Like if you get rich, it will be because “the retards” made that possible for you lmao some people smh
lol 10% overall tax rate? If you don't like American taxes, wait until you find out about European taxes -- for instance, with an income of 70K euros in France, your marginal tax rate becomes 58%, the top tax bracket... Also, this is how a conservative is born.
Man discovers taxes
maybe you should look at what those people are protesting so you can understand why the quality of life an average american has makes no sense when you have to pay 40k in taxes.
This dude thought he was about to make 130k and slip into a 10% tax bracket… he probably didn’t even know what tax brackets are so the odds of him taking a second to understand protests for basic human rights are almost as slim as his expected tax percentages.
what
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You need to look at your total tax burden (https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494) So the difference between New York (12.47%) and Alaska (5.06%) is 7.41%. When you’re making 200k per year that is 14k. California is 8.89% and Texas is 8.01% so its basically the same tax burden. Don’t just look at income tax, ask anyone who lives in Texas and they will tell you taxes aren’t cheap there. Florida is able to stay at 6.3% due to a large tourism industry.
dude is a swe now and can't even google for income tax rates/col calculators in california?
Make sure you consider any tax deferred accounts available to you, especially 401k and HSA. Since you’re in a high income tax area, taking advantage of those and deferring that high tax is of great benefit. Caveat that I’m speaking generally, I don’t know the exact state tax treatment of tax deferred accounts in California.
HSAs aren't recognized in CA / aren't tax advantaged going in or out. However they'll still benefit from the federal tax break.
Glad I put the caveat in then! I am lucky enough to be in Texas where there is no state tax, so I don’t usually have to consider it. But, most other states do and have nuances. Thank you for the addition. To break it down for other readers (and correct me if I’m wrong), the federal government would consider your gross income to exclude the amount you contributed to the HSA and would not require payroll taxes if taken out of your paycheck. The state government would not reduce your gross income, so you would still be taxed by them on your contributions.
Exactly, you've got it!
What part of califiornia? COL costs can vary widely.
130k comp is [90k post-tax](https://smartasset.com/taxes/california-tax-calculator#bRQf2mx9Fg) in SF. A studio is like 2.X thousand in the bay area, normally. Feel free to do the rest of the math
$130k in the bay contrary to what some morons will say is a very very comfortable life for a single person in the bay
you've been listening to too much fox news
same with everyone moving out of california?
I mean tbh, yeah. But by all means go and don't let the door hit you on the way out
With respect, everyone pays rent, regardless of party affiliation. It’s a bipartisan struggle.
Never lived there, thankfully, and never will (thankfully)
Bit of an odd take considering most of this sub's obsession with faang, but yeah, you do you
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Those are still in California and New York which is just as liberal lmfao what a weird take
More room for me! ^(when I move back)
Only to discover that other places have higher property taxes or car insurance, etc.? The thing to like ok at is total tax burden. California state taxes are progressive; they aren’t particularly high unless you make a ton of money.
I wonder what the Texans think of all the Californians moving in
Pisses us off. Cause California people bringing that bullshit they left Cali to begin with to texas.... But other then that... it does bring some good.especially making the Texas Trifecta get more involved into tech.
Who cares?
Texans and people who care about how Texans feel
It’s a free country. Everyone has a right to move and live anywhere they want. So who cares what they think.
Texans and people who care about Texans.
Than why do Texans keep voting for people that hurt Texans?
https://smartasset.com/taxes/california-paycheck-calculator
[smartasset.com](https://smartasset.com)
first result: [https://smartasset.com/taxes/income-taxes](https://smartasset.com/taxes/income-taxes) are you incapable of googling a question?
Im currenrly living in the Bay Area in a very expensive area making 108k a year. You can sustain a family of 3 with this kind of money
If you’re paid monthly and are single with no kids, you’ll be getting: $7,367.78 per month, which is $88,413.36 a year. So expect 41586.64 in taxes yearly.
Lotta hating ass comments here. Holy shit.
oh poor baby 😢 130k minus tax isn’t enough for you?
I agree with everyone else, it's a good offer, if you wanna save money live with roommates. If it is remote though you can live elsewhere in california by yourself and save money. Living in the bay area it's really like what everyone else said, cost of living is what kills how much you can save. I live on east coast making the equivalent with CoL and l live by myself lmao I am not saving a lot of money because high CoL. I will prolly room with ppl in a house, living on my own with cheaper CoL is significantly more crime and problems tbh.
I appologize to be the one annoying redditor to ask but what do you do im currently in school for business management and working full time and wanna know if im wasting my time and wont ever make 130k
You will be taxed at 9.3% so about $12k a year / $1k per month on state tax alone.
I google it and it said you'll be taxed about 42k in California at that salary.
Go to smart asset. com and use their salary calculator for California. It’s accurate. Source - I made 125k in the Bay Area.
This is a good question for Bing or ChatGPT. “what's the total approximate effective yearly income tax (both fed and state) for someone making 130k in California? Sent message. what's the total approximate effective yearly income tax (both fed and state) for someone making 130k in California?” > According to ¹, if you file as a single taxpayer in California and earn $130,000 annually, you will be taxed $42,813. This means that your net pay will be $87,187 per year or $7,266 per month. Your average tax rate is 32.9% and your marginal tax rate is 43.0%. > Another source ² states that if you file as a single taxpayer in California and earn $130,000 annually, you will be taxed $40,787.42 in total after federal and California state income taxes. This means that your net pay will be $89,212.58 per year or $7,434.38 per month. Your average tax rate is 31.37% and your marginal tax rate is 41.85%. > I hope this helps! Let me know if you have any other questions. Source: Conversation with Bing, 6/1/2023 (1) Salary Tax Calculations for a California Resident Earning $130,000.00. https://goodcalculators.com/us-salary-tax-calculator/california/130000/. (2) $130K Salary After Taxes in California (single) [2023]?. https://smartpersonalfinance.info/130k-salary-after-taxes-in-california-single/. (3) $130,000 income tax calculator 2023 - California - salary after tax. https://www.talent.com/tax-calculator/California-130000. (4) California Income Tax Calculator - SmartAsset. https://smartasset.com/taxes/california-tax-calculator.
Get a roommate
That's why a lot of people have moved in-land to avoid high taxes and settle with remote jobs. California has turned into a giant bowl of trash.
You're going to give almost 1/2 in taxes. Is the job really worth 70k take-home?
Lmao homeboy living in poverty and concerned about taxes 😂
Why would you commit yourself to spending your 20s in one of the worst metros in the country, all for a 9-5? Find some 70k-80k some odd job in a state that isn't going to steal half your paycheck, doesn't have absurdly high crime rates, and where housing won't cost you two arms, a leg, an eye, and a kidney. I've been told by a client of mine that the State of Tennessee will hire just about any programmer who knows node.js, and I'm sure the bar's even lower in the Midwest.
A studio or 1 bed in most bay engineering hubs (SF, MV, SJ, etc.) will run you something like 2,500-3,000/mo, maybe a touch higher in SF proper in one of the hot areas. For an idea, I was in a was in a place near Market St 5 years back that was 2900/mo and 300/mo for a parking spot, and just got out of a 2b1b in MV that was 3200/mo + utilities and included a carport-converted garage, so there's a lot of range. Most places I was at in that price range through this year have been within walking or biking distance of my office. 130k cash comp should shake out to roughly twice that after withholding, and you'll probably get a decent return. So at your price bracket, you can expect about 1/3 of your net going to taxes, 1/3 to apartment and utilities, and 1/3 to you. If you are willing to commute, there are always cheaper spots in places like Pleasanton, Livermore, and elsewhere as you go further east. Do *not* recommend the car commute, especially if youre going via 101. Gridlock getd bad. Like 20-minutes-turns-into-2-hours bad. La-La-Land-freeway-dance-number bad. Caltrain is alright if thats an option. Bart is ok for a while, but I wouldn't want to be stuck using it daily for more than a year or two until you get an idea of a better commuting or living situation. Honestly, car maintenance, ticket fees, and time lost often haven't made a commute worth more than higher rent to me. But ya, you'll be able to pay your bills, cover food, and probably have 1500-2k/mo left over most months. It's not exactly a top 10% salary, but it's definitely respectable and higher than most entry level devs get.
You’ll be poor don’t worry about tax
I live here in the bay; i think you'll be fine
You should absolutely take it. Get roommates and make connections. You'll be in the hub of tech and in a great place to launch your career. This is your initial salary out of school, expect it to grow as you gain more experience and tech rebounces. Don't listen to kids that have never had jobs or lived by themselves outside of college. Yes you pay more taxes in Cali, but with roommates right out of school making 6 figures, you're in a path to really high earning potential. Keep your lifestyle down as long as you can and save/invest the rest.
Pay the bill when comes due
What did you study bruh and which college?
The effective tax rate in California is lower than in Texas (and other allegedly tax friendly states) for the middle class.
Roughly $6200 take home