Quote:
Originally Posted by Toxaris
Hmm, $50 an hour for an experienced COBOL programmer doesn't sound like a lot.
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Roughly the going wage. JAVA programmers here get $60-$70 USD here, more in Austin Texas.
$50/HR works out to $90-$100 thousand a year, depending on holiday and sick/vacation time. (40 hrs a week, for 50 weeks, is 2000 hours a year. 2 weeks for client holidays, (52 weeks a year - 2 = 50 weeks) 2000 x $50 = $100,000 YR (minus how much time you miss for sick leave or vacations, plus any overtime you work.)
But you have to understand the cost of living here in Texas. I can buy a 220 sq meter used house (nice, all brick) for $300,000 at less than 5% interest. Monthly payment is circa $1,800 a month. (cut out the mortgage and taxes insurance are around $8,000 a year.)
It's not what you earn, it's what you keep. That's why everybody and his dog seem to be migrating to Texas. . .