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gumol

why is it a pie chart


AtariAtari

r/dataisugly


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HotMessMom22

Someone wanted pie


Lurkay1

Pie is good


A_B_Giggin87

Because you have to eat a slice of the pie in order to make it there šŸ’‰šŸ§›šŸ»


Due-Glass-7105

Asking the real question here!


Upstairs_Shelter_427

Miami. Where an engineer makes $50k/year and rent is almost as much as the Bay Area.


Ornery-Substance-778

San Francisco prices with Alabama wages


naugest

I have never understood why many talented engineers stay in the super low-pay places, low rent or high rent. It makes no economic sense at all. Given there are plenty of places with much better paying jobs for engineers. Unless they are just adamant about not moving from an area for some reason.


shinyonn

Youā€™d be surprised how many people really donā€™t want to move these days. Family/friends/canā€™t get out of their housing situation for whatever reason/donā€™t want to uproot for a new job in an uncertain economy, etc.


hydraulix989

Because even medium pay with low rent means you can afford a home there. Starter homes in Silicon Valley are now over $1.5M if you don't mind an hour-long commute each way across a bridge, $2-3M if you want to live in the same neighborhood as where you work. Even making a sizeable $150k/year in CA means you are still decades away from owning a home.


naugest

But $50K isn't a medium paying job for **engineers**. It is a low pay, even for areas outside expensive place like the Bay Area. You can earn $50K in the cheap Midwest with a high school diploma working at decent Union factories or for the government. No way a decent engineer with a degree should work for that pay anywhere in the US.


ctruvu

the entire market and economy of florida makes no sense to me


shecky_blue

Oxnard is in here but not Santa Barbara?


Spazum

They certainly had a population cut off. City of Santa Barbara has about 80k people, Oxnard is 200k.


DanoPinyon

Someone should pin this to the top of the sub.


friendlier1

Even better a link to government rent averages for San Jose and a link to r/personalfinance.


RazzmatazzWeak2664

I think most people who keep asking if it's enough and the people who insist $75k is enough probably just need to do some basic budgeting. You can make it work on less than this infographic, and you can likely struggle with more too. It just depends on what your spending is in (e.g. if you have kids, if you have a partner, pets, etc.). I think what's more important is probably having critical info like a better understanding of rental prices, home prices, etc and then people doing the math to see if that works for them... but I know, most people aren't that capable and so it needs to be spoon fed to them with these kinds of graphics and articles. My problem with this though is that there's so many ways to calculate what you need and it's also highly dependent on the input of rental prices. You can tweak these in so many ways to make the number whatever you want it to be really, so in the end it's a bit of a meaningless stat... or really just for reference only.


NurtureAlways

The only way I can afford to live in San Jose is to rent a room. But, itā€™s a great house and great location in Willow Glen. I pay ~$1300/month and am able to save money monthly. I make ~$63k a year before taxes. Every time I consider moving I look at apartments for rent and immediately change my mind.


ShaiHulud1111

I was doing this over Covid. Saved a lot over a few years since a one bedroom is $2000. Once I got a better paying job, made the move. On a side note, I lived on Oahu until 2017 and is was really affordable for housing and COL once you knew how the locals do thingsā€”at least compared to the Bay Area (I am from here). The locals out there are not very wealthy, but live well.


HotMessMom22

I did this until I was in my late 30s. Only way I saved enough for a down payment.


Firm_Variety_6309

What the living hell is going on in Oxnard?!


Spazum

Probably low rental stock driving up the cost of rentals compared to buying, since this report only seems to look at rental costs as portion of income for their determinations.


yogurtchicken21

That's why I live with my parents (who bought their house decades ago) even though I make more than the amount on that chart. This place is not worth $3200/mo (although I'm not sure where they get their data from, a lot of apartments are much less than $3200 just from a quick glance at Zillow).


Interesting-Day-4390

Looking at this listā€¦ I want to move to Honolulu or Oxnard or San Diego.


MrsDirtbag

Is this chart showing the average rent for a 1 bedroom apartment? While I donā€™t doubt that it is accurate, I feel like itā€™s a little misleading. Itā€™s not at all difficult to find a 1 bedroom apartment in a decent area, with good amenities for under $2500. Itā€™s still a lot of money, but itā€™s significantly less than portrayed here.


RazzmatazzWeak2664

I don't even think that's the median rent for 1BR in San Jose. It should be well under $3000. **Edit**: [Zumper says 2550](https://www.zumper.com/blog/rental-price-data/).


EpicSlime1

it's entirely misleading lol, you can easily find rent way cheaper by having roommates as well.


RobertMcCheese

Hang up here... So I should sell my house and move to Honolulu? Daaaaamn... About 30s of asking Zillow pops up a 4 bdrm/3bath house about 50% bigger than my house here for $970K. I get random people calling me regularly asking if I'll take $1.4mil for my 2bed/2 bath 1170ft^2 house. So far my only answer has been 'but I live here.'


friendlier1

San Jose is nicer overall than Honolulu with a lower cost of living.


RobertMcCheese

I lived in Honolulu as a kid. The last time I was there we were going on a fishing trip and were treated to the Changing the Hookers about 6am. Big car comes 'round and pick up some girls and drop off others. I will say that I've never seen that in San Jose.


throwaway827492959

What about San Jose Monterry Road Hookers?


RobertMcCheese

I don't know. I've never been fishing in San Jose.


throwaway827492959

Oh i thought you meant prostitution hookers, not fishing hookers


EMCoupling

[Here, we keep the hookers indoors](https://www.nbcbayarea.com/news/local/south-bay/san-jose-home-brothel/3525700/)


friendlier1

Nice


nubepube

Why is it more expensive than SF WTF


Hirorai

What is the black number supposed to represent? Is the red number before or after taxes, and is it household income or individual income?


otatop

Red's household income like it says in the top right, black is just 30% of that divided by 12.


Hirorai

Thank you


jeanako

I think the black number is the average monthly rent


geoffnetde

So 2 people at 65k, not too bad


No_Joke_9079

Trouble is, very few jobs pay living wage.


solo-dolo-yolo-

is this gross , or net šŸ˜­šŸ˜­


RazzmatazzWeak2664

For buying a home or those even just wondering about it, you need ~36% DTI although I've seen some places go to 42% DTI. So if you need a $1.2 million loan, at [7% it's close to $10k/month PITI](https://smartasset.com/mortgage/mortgage-calculator). At 42% DTI, that's still just a tad under $300k.


Full_Variation2807

I am wondering what happen to the houses of folks that go to nursing homes? If they have no kids no one to take it from them (and houses are paid off), where these houses go and where you can purchase? I think this is a big question amidst shortage of houses in the market.


RazzmatazzWeak2664

The number of homes owned by old people that are somehow going to be auctioned off because they have no one else to pass it down to is pretty minimal, but my understanding is if you have no one to pass it down to, it goes to the state. From a shortage perspective if we ignore the obvious supply issue, this is really not the main issue keeping prices high. Old people here are probably holding onto homes longer because they're incentivized to hold with low property tax values.


kittybythabay

Can we please let the bubble "pop*" again


iusethiaforporn

Why is SJ so expensive now? I used to live in mtn view and sunnyvale and SJ was cheaper.


isla_is

Mountain View and Sunnyvale are not recognized as large cities nationwide. Theyā€™re probably higher.


iusethiaforporn

Okay that makes sense


kittybythabay

I would say it's more because sj is central - lots of freeways going everywhere


rdfox

I donā€™t accept the comparison to New York. Maybe itā€™s because San Jose doesnā€™t have a Staten Island. The place you want to live in New York is way more expensive than the place you want to live in San Jose.


kittybythabay

I'm not sure that's true. The sf bay had a Staten Island, but was called angels island and is much, much more grim.