Moving to the Bay Area from Paris, France

Hi Everyone,

I'm 29 years old, male, single, French citizen.

I have been working in Paris for a US big tech company over the last 3 years, and I'm considering leaving France for multiple reasons :

  • Professionally: I like my job and the company I work for, been promoted twice in the last 3 years, but opportunities in the Paris office are starting to get limited,
  • Financially: France has very high taxes (I'm almost at a 60% marginal tax/deduction rate between my gross salary and my take-home salary), making it difficult to accumulate capital (and it's getting worse with the current politics),
  • Personally: No family in Paris, and a lot of my friends have already left/have plans to leave France.

=> I've been considering applying for a job in SF, sticking with my current employer. I'm thinking about working there for a minimum of 3-5 years, climbing the corporate ladder, gaining some valuable experience and increasing my savings before eventually deciding to stay there or going back to France.

I have some old friends living there to quickly create a social circle and I've lived in the US for 6 months back in 2018, so I know what to expect socially/culturally. I'm also keen for a big change like this one.

The one thing I'm not sure about is the finances. I currently make 80k€/year total comp (gross), save around 1k€/month and just got a raise to 100k€/year TC.

My annual compensation in SF would be the following:

  • Base: 140k$/year
  • Cash Bonus: 18k$/year
  • Stock Grant: 22k$/year

I know that the Bay Area is expensive, do you think that this compensation makes the move from Paris to SF worth my while, i.e. maintaining a comfortable lifestyle while increasing my savings ?

Thank you !