Comment on $31.71: The hourly pay it now takes to afford Silicon Valley rentparentComments−mattdeboard12yPro tip. You can ballpark hourly wage to an annual income by multiplying by 2,000 (or doubling then multiplying by 1000).So $37.62/hr works out roughly to about 75k/year, pre-tax. Not exact, just a rule of thumb. Works out to within a few % usually.−thaumasiotes12yIt's a fairly precise "rule of thumb", on the theory that you work 40 hours a week, 50 weeks a year. Parent comment inflates the salary by assuming 45 hours a week 52 weeks a year.
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Pro tip. You can ballpark hourly wage to an annual income by multiplying by 2,000 (or doubling then multiplying by 1000).
So $37.62/hr works out roughly to about 75k/year, pre-tax. Not exact, just a rule of thumb. Works out to within a few % usually.
It's a fairly precise "rule of thumb", on the theory that you work 40 hours a week, 50 weeks a year. Parent comment inflates the salary by assuming 45 hours a week 52 weeks a year.