Sovereign

Finance

Investment Banker Salary · San Francisco vs Austin

Net pay, tax drag, and purchasing power modeled for 2025 offers. Built for relocating teams, expats, and comp committees.

Net pay

San Francisco

$156,861

27.9% effective rate

Net pay

Austin

$138,080

26.4% effective rate

Annual delta

Spread

+$18,781

San Francisco advantage

City

San Francisco

The epicenter of global technology, offering the highest base salaries adjusted for a fiercely competitive housing market.

Median professional income

$78,500

Role modeled

Investment Banker

Gross base

$217,500

Net after tax

$156,861

Cost-of-living index

96

Rent index

98

City

Austin

A rapidly expanding tech hub benefiting from Texas’s zero state income tax policy.

Median professional income

$78,500

Role modeled

Investment Banker

Gross base

$187,500

Net after tax

$138,080

Cost-of-living index

67

Rent index

56

Purchasing power

Net income vs lifestyle drag

San Francisco

$13,072

Housing$3,268
Essentials$1,961
Discretionary$3,268
Savings$4,575

Austin

$11,507

Housing$3,452
Essentials$2,301
Discretionary$2,877
Savings$2,877

Cost-of-living deep dive

Flip into the COL template for this exact pair. See rent burdens, discretionary drift, and PPP commentary.

Open COL page

Remote benchmark

Need a borderless baseline? Run the remote analyzer across our tier-one city basket.

Remote comparison

More combinations

Interlink into adjacent hubs to keep crawlers following the mesh.

Frequently asked

Who wins for Investment Banker net pay: San Francisco or Austin?+
San Francisco keeps about $18,781 more after tax (27.9% effective rate) compared to Austin (26.4%).
How different are the cost-of-living profiles?+
San Francisco posts a cost-of-living index of 96 and rent index of 98. Austin comes in at 67 / 56. The purchasing power gap tightens once you factor in rent and lifestyle drift.
What salary uplift offsets Austin's taxes?+
You would need roughly $25,503 in additional gross compensation to match the same take-home pay in San Francisco.