XxSpyKEx wrote:Desert Fox wrote:My firm has two Baltimore offices. lol. I used to think about transferring for dat savings. But I don't wanna have to buy a street sweeper.
But you could RIOT!!krads153 wrote:XxSpyKEx wrote:krads153 wrote:Interesting. Maybe rent is dirt cheap in Detroit proper? Gotta say - Detroit proper is kind of crappy, but there are parts around it (Grosse Ile Township, etc.) that are expensive and really nice and have a ton of rich auto execs. Some of the richest places in the country (highest income per capita) are in Michigan.
Maybe I'm unusual, but I didn't like Chicago at all when I visited...
Some of the Detroit suburbs are exceptionally nice. And relative to most of the country, they are really cheap (you're talking about what would probably be $100 million+ dollar houses in NYC going for around a million or two in the Detroit suburbs). The negative is that you're still in a suburb and there's no real city anywhere around. Not bad if you're older and have kids or something like that though.
Yeah, I dunno. I'd take suburbs right now over NYC. I work too much to do anything in NYC and everything is SUPER DUPER expensive. I think I'm literally throwing away money for no reason. There's no point in a living in a big city when you never have the time to do anything. I think I'd only feel like it was worth staying in NYC if I saved up $10 million and had investment income so I didn't have to work.
Problem is Detroit salaries are so much lower. I'm sure it's awesome if you can get NYC market in Detroit, but pretty much all major firms in Detroit pay a lot less. It still works out really well relative to living in NYC. But I think the best balance anywhere is Texas (Dallas/Houston), assuming you don't really care about being in NYC (I don't). Think cost of living is actually cheaper in TX than it is in Detroit, and you at least get somewhat of a city (albeit, there's not much in Dallas--haven't been to Houston). Not to mention no state income tax means you're already taking home like another $10k /year relative to NYC. But you need ties to TX to get there (similar to Detroit).
I think I figured if I were making 100k in a cheap COL area, it'd be the same or maybe better than making 200k in NYC, taking into account COL and less in taxes....but yeah Texas is probably best bang for your buck.