π§΅[1/2] After moving to Norway, the dust has settled and I'm finally able to compare my comp and taxes. It's interesting!
- My gross salary dropped ~ 42% in Norway.
- My rent dropped about 7% BUT my place in Oslo is larger and nicer than my place in the Bay Area. On avg rents here are about 40% cheaper than San Jose.
- My effective income tax rate in the USA was about 35%. Norway: about 43%.
**However there's also wealth tax here which will shave about 1% off my global net worth each year.