In this area all rentals built in the last 15 years have targeted people who make 100k a year or more.
Even one bedroom apartments and studios are priced this way. They are either priced for one person making 100k, or double income.
An hourly wage of $32 an hour with single income is considered living above your means for almost all one bedroom rentals.
I can only afford the cheapest rental properties in Salem. The new apartments they just built I can come nowhere close to being able to afford.
Guess I'm in the wrong career. The Millennial able to afford this housing are likely working in finance or insurance in Boston. Which Boston is big on. I was talking to one such person, and their salary is 350k . No wonder they can afford a one bedroom apartment that targets people with an income of 100k or more.
A family of 2 could not afford a many of the 1 bedroom apartment around here if both were making a minimum wage of $15 an hour. Have kids to support? Forget about it, you would need to get into section 8 housing. Which has up to a 15 year waiting list in this area!
When I was in college, my career path was looking like I could easily make 120k a year when I reached the 3-5 year experience range.
The floor fell out with the recession and globalization. Most companies want to off shore web development work and there is a mentality that "any one can work" and that it's no longer a specialized skill.
5 years experience will now land you with a salary of 45k to 70k depending where you are located in much of the country for a Front End Web Developer.
Jobs in the 6 figure range today either have requirements of 20 years experience or is contractor position.
Technically I'm a Full Stack Developer, which includes backend languages and apps. And I do that kind of work. But my job title and pay does not reflect that. And that's because font end development still makes up the majority of my work as well as many of my colleges. It's like the backend work has to make up the majority of our work for them to considers full stack. But in that case they could use the same argument to say you are a Backend Developer, and not a Full Stack Developer. ¯\_(ツ)_/¯
We are flat with no career growth path where I work other than moving up to a VP level position and then the work isn't so much development but rather marketing decisions, sales and management. No yearly cost of living adjustments either. The only real way for me to get a raise is to move around.
Been keeping an eye on things to see if any better job openings come up. But there really has been nothing in the past year. Covid aside, our job Market is saturated. Wayfair laid off 1,000 developers in January of 2020. Much of the advertising agencies also downsized in January of 2020. This means any job that does gets posted is highly competitive with hundreds of people applying for them.
With the surplus of talent, this means the wages are not good on the jobs that do come up. I have been watching Glass Door and there hasn't been anything in the last year that has been worth applying for. They would all mean a pay cut for me. I even saw a front end developer position with 5 years experience listed in Boston for $15 an hour on Glass Door
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