(Closed) More expensive areas=higher wages??

posted 7 years ago in Money
Post # 3
Member
4137 posts
Honey bee
  • Wedding: May 2011

average wages tend to be higher in big cities, but because the cost of living is so much higher it evens out. states can set their own minimum wage above the federal standard, so it differs.

Post # 4
Member
843 posts
Busy bee
  • Wedding: June 2011

I live in DC so while yes, we do have higher wages, the cost of living is much higher so it evens out.  For me, my parents are footing the bill and I’m an only child so they really only have one wedding to pay for.  I’m paying for some odds and ends and stuff for the bridesmaids and honeymoon, but overall my parents are paying the majority of it.

Post # 6
Member
4824 posts
Honey bee

It tends to about even out, but even with a high wage base, it doesnt always even out.

IE. If its 50% more expensive to live in say San Francisco where I live, not everyone is going to make 50% more money, some may make only 30% more.

Post # 7
Member
36 posts
Newbee
  • Wedding: October 2012

wages will vary greatly depending on where you are. much is factored for cost of living.

My fiance and I work in DC, but will be having our wedding in her FL hometown. It’ll really help us stretch the budget (we’re young pros trying to pay for it all ourselves).

Post # 8
Member
2214 posts
Buzzing bee

Wages definitely tend to be higher in high cost of living cities.  I know lawyers starting out as first year associates at BigLaw firms in the bigger cities (NYC, Boston, LA, San Fran, DC etc) start at $160k, but at the same firm in the south or lower cost of living places, the starting salary is $120k.

Post # 9
Member
14186 posts
Honey Beekeeper
  • Wedding: June 2009

If you make more, sometimes you can spend more. I live in a suburb of St Louis and the average household income in my neighborhood (one of the nicer ones anyways) is only 80K a year…..cost of living is really quite low, so your dollar goes a lot farther. Minimum wage is only $7.50 here, i think–but neither Darling Husband or I made anything close to minimum wage when the time came to get engaged.

I do know that my company would have paid me the same starting salary if I’d started out in Seattle versus St. Louis–and cost of living is hellish in Seattle. So for me, in general, my dollar goes a helluva lot farther here than it would elsewhere. It also equates to being able to save more money than we would otherwise, but also gives me more leeway when it comes to fun money.

Post # 10
Member
36 posts
Newbee
  • Wedding: October 2012

wages will vary greatly depending on where you are. much is factored for cost of living.

My fiance and I work in DC, but will be having our wedding in her FL hometown. It’ll really help us stretch the budget (we’re young pros trying to pay for it all ourselves).

Post # 11
Member
36 posts
Newbee
  • Wedding: October 2012

wages will vary greatly depending on where you are. much is factored for cost of living.

My fiance and I work in DC, but will be having our wedding in her FL hometown. It’ll really help us stretch the budget (we’re young pros trying to pay for it all ourselves).

Post # 12
Member
5096 posts
Bee Keeper
  • Wedding: June 2011

@soon2bhis:

It’s also true that a lot of people aren’t paying for the wedding themselves.  Our budget is around $12,000 for a MA wedding, which is definitely on the low end. But the only way we can afford even that is that our parents are splitting the bill 3 ways (my mom and stepdad, my dad and stepmom, his parents).

Post # 13
Member
442 posts
Helper bee
  • Wedding: August 2015

Making more money could equal having a nicer venue, where you live has nothing to do with it. Just because you live in NYC doesn’t mean you are more or less capable of affording a nice venue; it all depends on the bride.

Post # 14
Member
3564 posts
Sugar bee
  • Wedding: August 2010

It does seem like if you live ina more expensive area (like NYC, for example) you would make more than you would if you lived somewhere like Kansas or Michigan, doing the same job. As other posters have said, cost of living is much higher in bigger, more expensive cities.

Post # 15
Member
1876 posts
Buzzing bee
  • Wedding: October 2014

I think it depends. To some degree, yes people in more expensive areas might make higher wages, but the higher cost of living evens it all out. So for most people it all evens out.

But…

You have to take into account some of the VERY high earning professions based out of more expensive areas. Such as finance in NYC (hedge funds, investment banking, etc) or IT in San Francisco. These careers allow some young people to make insane amounts of money. I’m talking 25 yr olds making 6 – 7 figures. With 5 figure bonuses.

So while most people in “expensive” areas might not making crazy amounts of money compared to the rest of the world, there are some people who are making much much more money because they live in the capital of their industry.

 

Post # 16
Member
1876 posts
Buzzing bee
  • Wedding: October 2014

To give you an example:

A teacher in NYC starts making about $45,000/yr. I don’t know what teachers in other areas start off making but I’m guessing it’s not this high. The salary has clearly been inflated due to cost of living, but it’s not dramatically higher than say a teacher working in Wisconsin.

Someone in finance in NYC can start off (right out of college, at the ripe old age of 22) making anywhere from $60,000 – $80,000. That is because they will be working for a huge firm that does tons of business. This same person could (probably) not find a position making this much money in Wisconson.

Does that make sense?

The topic ‘More expensive areas=higher wages??’ is closed to new replies.

Find Amazing Vendors