I thought of that. See post 21. But I disagree that living in another city would be almost as high.
I think even if they took a hundred thousand dollar decrease in income - they might be better ahead in say Houston or Dallas.
Did a little quick math. If they paid 40% in taxes, then netted $150,000. Paid $3,000/month in rent, still leaves $112,000. Paid $22,000 during the year for student loans, still leaves $7,500 PER MONTH to spend on subway, off-brand clothes, food, etc. How could 2 people spend that and have nothing to show for it?