is 150k a good salary in bay area

How to calculate your salary in San Francisco? This information may be different than what you see when you visit a financial institution, service provider or specific products site. 2023 0423 Like Jesus, Take Up Your Towel To S.E.R.V.E - Facebook Whats the average household income in the Bay Area? Updated: Apr, 2023. Others a low six-figure income. Yes, PAs and NPs get paid less than docs. Interesting post. I disagree. The greater St. Louis metro area in Missouri and Illinois requires an annual post-tax salary of just $46,864 (or biweekly paychecks of $1,802) to live comfortably. My employer has a very high 401k match % which alone has constituted about $140,000 in matches over the years as well. CA. 2021 Physician on FIRE, All rights reserved. Yes, there may be sacrifice involved, but nobody said it was going to be easy.Heres another issue people struggle with. A pre-partner physician cant live like the partners. Should I Have a Credit Card If Im In Debt? Just to say that there are ways to make it happen-and you dont have to be miserable in the process! I know a lot of these posts on the WCI network generate a lot of hate and pushback (i.e. Its important to keep in mind that these kinds of back-of-the-envelope numbers are not very sensitive to context. This is either a decently large, nice, or well located place. A low rate can save you hundreds each year. My FI # is $2Million, but I may keep going a bit past that. Income Percentile Calculator for the United States 150k/year income, with foreseeable annual 8% raise for the next 2-3 years, maxing out traditional 401k and backdoor roth IRA currently (thanks PF for the info on IRAs which I opened recently), take home ~3k biweekly after 401k/IRA/taxes, about 500/month in other expenses (anticipating ~1k after moving out). Youve got to make the numbers work. Housing costs: According to the U.S. Bureau of Labor Statistics, the largest bill consumers pay each month is for housing. Lots of people arent interested in working when they realize theyre doing it for $2 an hour. CA. Manage Settings Answer (1 of 7): I'm assuming you are single (a "married" tax status is a different tax rate for federal and state purposes), since you don't say one way or the other. Monthly housing cost: $1,800. Salary Mollie Stone's Markets - According to the BLS, transportation is the second-largest expense consumers have.For some, these costs include taking public transportation. as well as other partner offers and accept our. We use cookies to ensure that we give you the best experience on our website. San Ramon The annual 8% raise is for the first 2-3 years, then it'll be around 3-4% annually adjusting for inflation. Lets imagine you invest $10K a year for 10 years at 10%, then let it ride for another 20 years. No inheritances.