This is a pretty reasonable approach but I would caution against potentially being too overly-conservative in eventually moving to the bay/NY if career ambition is a goal. What's often missing in these budgeting numbers is the intangible variable of a far lower ceiling of income potential that you have to trade off. How does the calculus change if say there is some probability X of reaching a potential far higher than 150-160k, as tends to be the case in these HCOL areas?
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