This is absolutely 100% true. And people considering the pros/cons of high COL+high salaries vs low COL+a lower salary should very much consider this when making their choices.
And it's not just about the cost of housing. That $1000 phone you cary: it'll be a higher % if your salary if you go for the latter choice instead of the former. Same thing for many many other purchases you will want to make.
I find that people don't think about this enough. To their detriment.
And it's not just about the cost of housing. That $1000 phone you cary: it'll be a higher % if your salary if you go for the latter choice instead of the former. Same thing for many many other purchases you will want to make.
I find that people don't think about this enough. To their detriment.