I want to bounce some ideas off of you very wise people so that I make sure I'm not missing anything.
Backstory: DH is a manger with a company that is nationwide and is being offered a transfer to California. Based on the information we had on the new center he'd be managing, we expected a base pay raise of about $70K (making his yearly salary around $100K/yr.). This is rooted in the fact that A) he'd go from managing 4 people to managing 27 people B) it is in California, where COL is higher C) the center is bringing in $750K in PROFIT each month and D) the sales staff he would manage makes about $90K/yr. as their base. A large part of what this company offers is in profit sharing, so that rolls in to the total compensation package as well. However, it is never a guaranteed amount so one year we could get a check for $65K and the next year we could get a check for $5K. This year, the outgoing manager will take about $62K after taxes in profit sharing.
Now, the official offer came through yesterday and they offered him $46K. We are absolutely shocked. When dh went to the guy who is potentially going to be his new boss with the $100K number, the guy laughed and said he didn't pay any of his managers over $60K. After taxes in CA, if we wanted to live in a house bigger than a shoebox in a good neighborhood, we are looking at that costing 50% of dh's take home pay at the offered salary. Part of the allure for going out there (when we thought the pay would be better) was that I could quit working and homeschool our kids. We'd actually have the money to take advantage of all the cool stuff! That would obviously be off the table with this offered salary. Dh is still leaning towards taking the job thinking we can somehow live on that salary with one income. I also know that this is a HUGE step up career-wise for him and he feels very excited about taking on a center this size (3rd biggest in CA, 9th biggest in US) at age 30.
This is the best estimate that I can come up with for our living expenses vs. net salary. I want to be sure that when I take this to dh and tell him we CAN'T live on this salary, I'm on top of my game. He responds to hard fact, not emotion.
Income: 2946/mo. after taxes
Utilities (Gas, Water, Electric) 300
Health Ins. 250
Life Ins 87
Dental Ins 100
Car Ins 107
Gas 550 (We'll see a huge increase in our COL here, this is the best I could guess at 1 tank of gas/wk in each car.)
Groceries 900 (Another big COL jump here; this is 30% more than we spend now.)
Student Loan 210
Gym 50 (This can be cut out, but honestly the numbers are so bad it won't make a difference.)
Did I miss anything? Thoughts on this whole awful story? And, yes, the salary can still be negotiated, but even at $70K base/yr. we're still 265 in the red each month.