Meet a tech worker who felt broke making over $120,000 in the Bay Area — until he began socking away an extra $70,000 a year after moving to Phoenix
A friend of his, he added, has been struggling to a buy a home in the area for over a year, and recently lost a bid for a townhouse after putting in an offer at $60,000 over asking price.
His other monthly costs have also dropped immensely since moving. Based on his bank statements, he estimated that he was spending $3,700 a month in addition to rent in the Bay Area, which now looks more like $1,500 a month in Phoenix. "For those with work flexibility, there is a huge financial opportunity to be had from migrating to lower-cost-of-living metros," he said, adding that it's still hard to convince people otherwise.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here’s the budget this millennial used to save $100,000 by age 25After college, Tori Dunlap's dream was to save enough money by age 25 to quit her corporate job. Here's how the TikTok content creator reached her goal.
Read more »
Devin Booker Back With Suns After COVID-19 BattleGreat news -- Devin Booker is back with the Phoenix Suns following his battle with COVID-19.
Read more »
Barely Surviving a Crossword Puzzle Tournament (Pre-Covid) - Laurie Stone WritesImagine sitting in a crowded room with 120 people doing something so torturous, so grueling, so excruciating...you start to question your sanity. This happened to me recently when I attended the annual Crossword Puzzle Tournament at the local library. Hosted by The New York Times’ Puzzle Editor, Will Shortz -- this is the area's annual assemblage of brainiacs, puzzle geeks, and masochists.
Read more »
Photographer Gillian Laub Sees Her Family Portraits as a ‘Microcosm of America’Laub’s “Family Matters” can be seen at the International Center of Photography until January 10.
Read more »