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submitted 4 months ago by return2ozma@lemmy.world to c/asklemmy@lemmy.ml
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[-] zxqwas@lemmy.world 31 points 4 months ago

Given the opportunity move somewhere where your rent to pay ratio is better.

I'd make more living in a big city. I have much more leftover every month by living in a small town far away from everything.

[-] PriorityMotif@lemmy.world 9 points 4 months ago

There's a HUD study that basically says the same thing. That people who receive housing vouchers and live in HCOL areas have better outcomes than people who live in LCOL areas. Not just because income to housing ratio is better, but also because of better education and job opportunities in high density areas.

You also have the advantage of percentage based employer retirement contributions and health insurance costs being relatively similar, so you're getting more benefit from higher pay.

this post was submitted on 17 Jul 2024
345 points (100.0% liked)

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