The main thing that is cheaper in cheaper cities is housing. Most of the other stuff people buy costs the same everywhere. If you move to a cheaper place and have a lower income, your non-housing expenses will become a larger portion of your spending.
Once you've worked in tech for several years in the Bay Area or Seattle you will generally be well off enough to buy a home in a nice area and still be able to save or invest a large amount every year. Housing will feel expensive but everything else will feel cheap -- even new luxury cars will cost a fraction of your income. Early retirement will be a definite possibility if you have a basic amount of self control over your spending. And if you have children, they will have access to all the opportunities that some of the country's largest metropolitan areas offer.
> If you do the math that doesn't always work out.
I disagree. But it depends on how less the remote companies pay. Are we talking about 80% of the salary of a RTO company? 60%? 30%?
The close it gets, the better the math works out for remote companies. Moving away from metropolitan areas incurs in a huge decrease of expenses, and a huge increase in quality of life. But of course, it depends on the salary you'd make working remote.
The main thing that is cheaper in cheaper cities is housing. Most of the other stuff people buy costs the same everywhere. If you move to a cheaper place and have a lower income, your non-housing expenses will become a larger portion of your spending.
Once you've worked in tech for several years in the Bay Area or Seattle you will generally be well off enough to buy a home in a nice area and still be able to save or invest a large amount every year. Housing will feel expensive but everything else will feel cheap -- even new luxury cars will cost a fraction of your income. Early retirement will be a definite possibility if you have a basic amount of self control over your spending. And if you have children, they will have access to all the opportunities that some of the country's largest metropolitan areas offer.