Hi,
I plan to move to the Bay area soon (I have a job offer), and I started to collect data and do the math. All my colleagues tell me that living in SF is the most expensive, so I will likely look for something in South Bay (Cupertino, Fremont, Milpitas, Sunnyvale). Where can I find some up-to-date real costs of living, for a family of 4 (2+2 small kids)? I am basically looking for 2 things:
- Idiot's guide to taxes. If I make with my wife let's say 150k/year, how much do we have to pay as taxes, what would be my net disposable income? I got lost in some many deductions and exceptions
- indicative view on monthly household costs. My current understanding is that we would be looking at a sizeable amount of cost, but I'd like to understand what that amount is likely to be. Can you please add your view on my estimates below?
Home Rent - 2000-2500$ - 2 bedroom apartment or 2 bedroom house in South Bay
Electricity, water, internet - 300$
Car rent (one family car + one small car) - 700$
Car fuel (gas) - 300$
Car insurance - 200$
Health insurance - 300$
Food - 1000$
Travel and entertainment - ~500$
Daycare 2yr old - 700$
Daycare 5yr old - 800$
Thanks a lot in advance for any solid info!