Hi everyone. Same position (buyside, i.e.asset management), one in NYC, another in NJ. I know both CoL and Tax are very different. But what about the wage? If their wages are approximately the same or exactly the same, whether it means that a NJ position can save more money?
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Was in NYC and then made the change to NJ. While working in NYC I lived in NJ and was getting double taxed so pay checks were probably lower than what they should have been. With that being said when I made the change to NJ my take home pay checks went up roughly 7-10% (things like 401k and health benefits played a role). The craziest part was my base dropped by 1k but my checks still went up that 7-10%. Hope this helps.
1K base drop can be omitted I think...
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