Salary Big Mac Index
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@Groaner said:
That seems like the low end of the acceptable range for salary for juniors around here. Things seem to plateau for developers in general around 120k
What do you get for that?
I am guessing you then have to pay for health insurance and pensions and stuff, so what is left for you to live on once you've payed all expenses?
And how many big macs can you get for that?
As a comparison, my salary (university, so a little lower than the regular IT job market) is roughly half of that, and after taxes (which takes care of education, health services and pensions) I've got 46k left to live off. This buys me roughly 9500 Big Macs.
Then I of course have to pay interest on my house loans and pay my house insurance etc. etc., but this gives you a general idea...
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@Mikael_Svahnberg said in Salary Big Mac Index:
I am guessing you then have to pay for health insurance and pensions and stuff, so what is left for you to live on once you've payed all expenses?
I make a different amount, though somewhere in that ballbark, so my numbers will be off, but close enough. I subtracted all of my tax witholdings, plus my insurance premiums, pre-tax money that I set aside for health care and my pension, and I'm left with about 64% of the top line amount.
Given @Groaner's $120,000 nominal salary, that would be about $76,000 left over. Cost of living is pretty high around here (I believe we live in the same major metropolitan area).
At $4 / BigMac, that's 19,000 burgers.
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@Mikael_Svahnberg said in Salary Big Mac Index:
@Groaner said:
That seems like the low end of the acceptable range for salary for juniors around here. Things seem to plateau for developers in general around 120k
What do you get for that?
I am guessing you then have to pay for health insurance and pensions and stuff, so what is left for you to live on once you've payed all expenses?
And how many big macs can you get for that?
As a comparison, my salary (university, so a little lower than the regular IT job market) is roughly half of that, and after taxes (which takes care of education, health services and pensions) I've got 46k left to live off. This buys me roughly 9500 Big Macs.
Then I of course have to pay interest on my house loans and pay my house insurance etc. etc., but this gives you a general idea...
I don't remember the exact percentages, but I live in the suburbs close to the last stop on the subway system, and rent on a 1-bedroom + den apartment costs me about a quarter of take-home pay (after taxes, healthcare, and 401k contributions). When I first started working, rent represented one half. I have friends downtown who pay twice what I currently do in rent, but only make 15-20% more in gross salary. After expenses, including driving a rather fancy car and take out for lunches practically every day, I have well over 250 Big Macs per month in disposable income.
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@boomzilla said in Salary Big Mac Index:
(I believe we live in the same major metropolitan area).
This is quite likely.
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@Mikael_Svahnberg said in Salary Big Mac Index:
And how many big macs can you get for that?
more big macs than i'm willing to even attempt to eat.
though to be fair, one big mac would meet that limit.
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@accalia said in Salary Big Mac Index:
@Mikael_Svahnberg said in Salary Big Mac Index:
And how many big macs can you get for that?
more big macs than i'm willing to even attempt to eat.
though to be fair, one big mac would meet that limit.
I'm sorry, there seems to be some confusion here.
I never said 'eat'. :battle_bread.tiff:
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@Mikael_Svahnberg said in Salary Big Mac Index:
:battle_bread.tiff:
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@boomzilla said in Salary Big Mac Index:
At $4 / BigMac
Huh, that's one expensive Big Mac.
My yearly income would pay for some... 4,000 Big Macs? Post-tax and pre-bills. Although here a Big Mac is about $2.5. That said, the Big Mac index isn't terribly representative without taking into account what you're buying - while this kind of pay easily covers living costs, I can't - for example - buy a new mobile phone or a laptop without saving for a couple of months.
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@Maciejasjmj said in Salary Big Mac Index:
Huh, that's one expensive Big Mac.
That's what google told me:
When I go to that site and put in my state it says $4.67. Seems about right to me.
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I don't know what a Big Mac costs, but Google says $3.99.
That would put me at 17,000 Big Macs after taxes.
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$99998. Effective total tax rate (two local, fed, state, property, miscellaneous) is about 50%. Yes, I get fucking robbed.
Slice off retirement and healthcare.
I have $40199 to spend.
10074 Big Macs.
Lop off the house and the car and I can only have 5563 Big Macs. Put fuel in the car to commute to work and put tires on it and keep it in oil and 3516 Big Macs.
Cable, electrical and phone bills.
2313 Big Macs left in discretionary funding (if you count actually eating as part of discretionary funding). $9229 out of a nigh six figure salary.
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I bigmac in the US is supposed to be US$ 5.06
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@wharrgarbl Depends on the sampling method, no doubt.
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@boomzilla BI says it's $5.04
And in Canada it's $4.60
Since when does something cost less in Canada ?
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@TimeBandit
Since Canada hasn't caught the #FightFor15 brainworm
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@izzion They are talking about it, that's why McDonald started replacing humans with kiosks
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@TimeBandit said in Salary Big Mac Index:
And in Canada it's $4.60
Since when does something cost less in Canada ?If you look at the link I posted, you can get results by state. Also, what about taxes? Plus, that's the price $USD, not $CAD.
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@boomzilla said in Salary Big Mac Index:
@TimeBandit said in Salary Big Mac Index:
And in Canada it's $4.60
Since when does something cost less in Canada ?If you look at the link I posted, you can get results by state. Also, what about taxes? Plus, that's the price $USD, not $CAD.
Says $4.67 for my state, so last year I made enough for 2355 Big Macs. But that's because all my spending is discretionary right now. If I were living on my own I'd probably owe Big Macs.
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@boomzilla said in Salary Big Mac Index:
Also, what about taxes? Plus, that's the price $USD, not $CAD
Yes, it's $USD.
Convert to $CAD currently it goes to $6.18. Add about 15% taxes here.
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@Maciejasjmj said in Salary Big Mac Index:
My yearly income would pay for some... 4,000 Big Macs?
Would you say this is normal for your level? Do you know much about the wage range for programmers in Poland?
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@coldandtired said in Salary Big Mac Index:
@Maciejasjmj said in Salary Big Mac Index:
My yearly income would pay for some... 4,000 Big Macs?
Would you say this is normal for your level? Do you know much about the wage range for programmers in Poland?
At the poimt of writing that, I was somewhat underpaid. Since then I got to 6,000 Big Macs a year, which still isn't awfully much, but close to the median.
Not that bad for a 23-year-old still doing his Master's, I think.
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@Maciejasjmj It's not bad but I would recommend giving English teaching a go if you get bored and want a change :)
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@coldandtired said in Salary Big Mac Index:
@Maciejasjmj said in Salary Big Mac Index:
My yearly income would pay for some... 4,000 Big Macs?
Would you say this is normal for your level? Do you know much about the wage range for programmers in Poland?
It's not. He should be making around 50% more, at least by Kraków rates. Guessing by his level of knowledge inferred from other threads, maybe even more.
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@Maciejasjmj said in Salary Big Mac Index:
@coldandtired said in Salary Big Mac Index:
@Maciejasjmj said in Salary Big Mac Index:
My yearly income would pay for some... 4,000 Big Macs?
Would you say this is normal for your level? Do you know much about the wage range for programmers in Poland?
At the poimt of writing that, I was somewhat underpaid. Since then I got to 6,000 Big Macs a year, which still isn't awfully much, but close to the median.
Not that bad for a 23-year-old still doing his Master's, I think.
Nice to see you got a raise. :)
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Hopefully after this year I will be able to get a big job and employ a few contractors and grow my business.
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...
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For me, just shy of 1k Big Macs per month net of Government, Healthcare, and Retirement expenses. Rent is 150-200 Big Macs/month, car would be 100 if I still had a payment.
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...
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@lucas1 said in Salary Big Mac Index:
Hopefully after this year I will be able to get a big job and employ a few contractors and grow my business.
You need some bread around your beef, though.
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@wharrgarbl
Sadly, none of them have bacon
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@Mikael_Svahnberg said in Salary Big Mac Index:
You need some bread around your beef, though.
I'M AVOIDING CARBS YOU INSENSITIVE CLOD
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8300 a year.
That's with all my money going into Big Macs, other than mandatory taxes, pension and health care.
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Hmm, BigMacs here are currently at... ARS 55, which at the current exchange (15.650 ARS to USD) would be USD 3.51.
Gross annual salary is about USD 31000. Taxes lower that to USD 25000. So 7300 Big Macs, before accounting for living expenses.
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Note that about half the year that could be much much lower.
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edit: wrong topic
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Around 10200 Big Macs for me per year.
We were talking about how many you can eat, right?
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@obeselymorbid I never ate one because I hate queues and I never seen a McDonalds without a large queue.
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@wharrgarbl said in Salary Big Mac Index:
@obeselymorbid I never ate one because I hate queues and I never seen a McDonalds without a large queue.
It's pretty damn fast around here. I prefer another burger chain myself, I only go to McDonald's when someone else chooses where to go. It's usually really fast and there are no queues since they added self-order kiosks.
And recently they introduced a marketing gimmick where they give you a timer when you order in the drive-through and if more than 90 seconds pass before your order is ready, they give you some free stuff. Last time it only took us 15 seconds.
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@obeselymorbid said in Salary Big Mac Index:
since they added self-order kiosks
What?! Those aren't in my area. I want!
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@heterodox said in Salary Big Mac Index:
@obeselymorbid said in Salary Big Mac Index:
since they added self-order kiosks
What?! Those aren't in my area. I want!
They are not uncommon here. I've seen them throughout Europe and Asia.
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@obeselymorbid said in Salary Big Mac Index:
They are not uncommon here. I've seen them throughout Europe and Asia.
Ah, so not the U.S. RIP the dream.
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@obeselymorbid said in Salary Big Mac Index:
They are not uncommon here. I've seen them throughout Europe
Slowly making their way across the UK.
First one I ever used was in Belgium which had the added novelty that I could order beer on it too.
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@heterodox Those are normal in the UK McDonalds. They also have self server drinks in BK.
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@obeselymorbid said in Salary Big Mac Index:
@heterodox said in Salary Big Mac Index:
@obeselymorbid said in Salary Big Mac Index:
since they added self-order kiosks
What?! Those aren't in my area. I want!
They are not uncommon here. I've seen them throughout Europe and Asia.
Hence your username.
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@loopback0 said in Salary Big Mac Index:
the added novelty that I could order beer on it too
Finally, a product in McD that I might consider purchasing.
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@loopback0 Most McDonalds on the continent you can do that.
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@dkf Probably not. In Spain it was Mahou which is basically like fosters.
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@lucas1 said in Salary Big Mac Index:
Probably not. In Spain it was Mahou which is basically like fosters.
In Belgium it was Jupiler which is actually drinkable.
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@loopback0 said in Salary Big Mac Index:
added novelty
you can order beer everywhere around here ... make Jupiler great again!