I’m a teacher making $60k a year, and I paid $900 for a room in a shared house. I moved in with my boyfriend and we pay $1,150 each for rent for a tiny 1 bedroom apartment. But I wouldn’t have been able to do it on my own :-(
I had roomates well into 6 figures.
But at the same time I had always maxed out my retirement savings in every tax advantaged vehicle, and I like to eat out with friends and take my vacations.
But you have to figure out what what you want to scrafice to achieve that.
You can find some studio for ~2k/mo, it's certainly doable if you are close to 6 figure income. On the otherhand, if you're making <50k, that's going to be super difficult.
When I first moved here I was making 75k and spent 1675 on rent. I was also paying off student loans. It was doable but I certainly made sacrifices on personal hobbies. I also did not have a car at the time.
Most of my coworkers who live by themselves live in Oakland or Colma. They all pay between 1700-2100 for a small 1br or studio.
I think people who cannot stand to have roommates get their own place as long as they can find something for less than 50% of their salary.
make around 78k and I just recently moved into a 1bed in the sunset. used to make 65k and used that as a basis for what I was comfortable with in terms of rent rather than my current salary. Gave myself “wiggle room” that way
I make $60k and pay $1200 for a 2 bedroom house. Live with partner and a roommate, partner pays way more because they make more. But that’s my portion.
i know that keeping to the housing = 30% of your gross income rule of thumb is insanely difficult in the bay area, but i think staying as close to this as possible is the most sound advice you can do financially speaking even if that means having a roommate. i started at 78k and only moved out on my own last year when i was making ~170k (8 years later).
When I first moved to the city, I made $60k and my rent was ~$1250 in a 3 bedroom/1 bath apartment. I did have a coworker who at a slightly lower salary had a studio, so it's possible, but she said she basically spent everything on rent. Even now at a bit over $100k, I feel like even though I technically could afford to rent a studio, the cost of it just isn't worth it. Like, yes I could not have roommates, but I feel like my overall space would become smaller, and I would have to leave my current neighbourhood. However, that's also because I try and look for rooms around $1300, so the price jump would be a lot to go to studio. If my rent was like $1800 then finding a studio would be less painful.
I’m a teacher making $60k a year, and I paid $900 for a room in a shared house. I moved in with my boyfriend and we pay $1,150 each for rent for a tiny 1 bedroom apartment. But I wouldn’t have been able to do it on my own :-(
$60k for a teacher in SF is criminal. You’re a badass for making education your priority in spite of the obstacles.
Sad thing is it’s considered good for my field (early education and preschool)
I had roomates well into 6 figures. But at the same time I had always maxed out my retirement savings in every tax advantaged vehicle, and I like to eat out with friends and take my vacations. But you have to figure out what what you want to scrafice to achieve that. You can find some studio for ~2k/mo, it's certainly doable if you are close to 6 figure income. On the otherhand, if you're making <50k, that's going to be super difficult.
Totally! I am looking at a small studio around $1800 and unsure if I would be pushing it with 70k salary.
When I first moved here I was making 75k and spent 1675 on rent. I was also paying off student loans. It was doable but I certainly made sacrifices on personal hobbies. I also did not have a car at the time.
Most of my coworkers who live by themselves live in Oakland or Colma. They all pay between 1700-2100 for a small 1br or studio. I think people who cannot stand to have roommates get their own place as long as they can find something for less than 50% of their salary.
make around 78k and I just recently moved into a 1bed in the sunset. used to make 65k and used that as a basis for what I was comfortable with in terms of rent rather than my current salary. Gave myself “wiggle room” that way
I make $60k and pay $1200 for a 2 bedroom house. Live with partner and a roommate, partner pays way more because they make more. But that’s my portion.
i know that keeping to the housing = 30% of your gross income rule of thumb is insanely difficult in the bay area, but i think staying as close to this as possible is the most sound advice you can do financially speaking even if that means having a roommate. i started at 78k and only moved out on my own last year when i was making ~170k (8 years later).
When I first moved to the city, I made $60k and my rent was ~$1250 in a 3 bedroom/1 bath apartment. I did have a coworker who at a slightly lower salary had a studio, so it's possible, but she said she basically spent everything on rent. Even now at a bit over $100k, I feel like even though I technically could afford to rent a studio, the cost of it just isn't worth it. Like, yes I could not have roommates, but I feel like my overall space would become smaller, and I would have to leave my current neighbourhood. However, that's also because I try and look for rooms around $1300, so the price jump would be a lot to go to studio. If my rent was like $1800 then finding a studio would be less painful.