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Personal Finance 6w

_fred_

 This is always a good question to ask: "Is my salary good?" My preferred way to answer that is to look at this map. Compare your wage to the cost of living for the area you are in. Especially when it comes to finance ratios can help add a lot of clarity
13 upvotes, 6 comments. Yik Yak link post by _fred_ in Personal Finance. "This is always a good question to ask: "Is my salary good?" My preferred way to answer that is to look at this map. Compare your wage to the cost of living for the area you are in. Especially when it comes to finance ratios can help add a lot of clarity"
link

Estimated Mean Real Household Wages Adjusted by Cost of Living for New York County, NY

fred.stlouisfed.org

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Computer Science 6w
Salaried at 65k for an entry level web dev position. Thoughts?
comment

6
upvote 13 downvote
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Anonymous 6w

I pulled it up for LA and it said 28.25. Am I looking at the right chart, that feels too low

upvote 3 downvote
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Anonymous 6w

I fear I’m not making enough 😅

upvote 1 downvote
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Anonymous replying to -> #1 6w

Los Angeles, CA

upvote 3 downvote
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Anonymous replying to -> #1 6w

There is a short description of how the exact numbers are calculated but long story short: That 28.25 number is in 1999 dollars. In 2023 dollars that would be ~$52 which is ~108,000 a year

upvote 2 downvote
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Anonymous replying to -> _fred_ 6w

Also these numbers are averages not medians. And Salary tends to be a Pareto distribution, thus median is really what we want... or better yet exponential group windowing. But... I am not the one collecting the data just the one analyzing it

upvote 1 downvote
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Anonymous replying to -> _fred_ 6w

*Income tends to be Pareto. Sorry not salary. Salary is actually surprisingly linear

upvote 1 downvote