I’ve basically given up on San Diego, at least in this stage of life (early 30’s with kids). My wife stays home to raise our kids, which we both feel is very important. San Diego just isn’t a great city for a one-income family, even though I do pretty well for being 31.
Austin’s cost of living is way lower, while standard of living seems pretty equal (except for weather, of course). We’ve been stupid savers for the past 10-years and the chunk of change we have will go WAY farther out there. We’ll be able to put a much smaller amount down for 10-20% as home prices are so much less, leaving a solid amount for cushion and other investments.
Even if my income declines by the cost of living difference, the movement of savings from here to there is significant.
Austin, in particular, seems to have a young feel due to UT with a nice nightlife for those occassional date nights. Town Lake and Lake Travis provide for watersports, which are key for me. Finally, I’m a really visual person and the landscape is beautiful as Austin is at the edge of the hill country.
Am I missing something? Other places I should consider with similar cost of living?
