Tech Workers Scraping By On Six-Figure Salaries in Silicon Valley
By The Guardian
“I didn’t become a software engineer to be trying to make ends meet,” said a Twitter employee in his early 40s who earns a base salary of $160,000.
It is, he added, a “pretty bad” income for raising a family in the Bay Area.
The biggest cost is his $3,000 rent – which he said was “ultra cheap” for the area – for a two-bedroom house in San Francisco, where he lives with his wife and two kids. He’d like a slightly bigger property, but finds himself competing with groups of twentysomethings happy to share accommodation while paying up to $2,000 for a single room.
“Families are priced out of the market,” he said, adding that family-friendly cafes and restaurants have slowly been replaced by “hip coffee shops”.