Cost of Living Makes Money Remittance Difficult With Just One Job
Many people who relocate to the United States for job opportunities are motivated to send money to family members in their home country. However, immigrants are often shocked to find that better job opportunities equates to higher costs of living. Take for example the average cost of rent in San Francisco, one of the most highly desirable cities in the Bay Area. According to rentjungle.com, the average rent within 10 miles of San Francisco is a whopping $3770 dollars a month. This is a hard pill to swallow, since many of the job opportunities are located in or near the city. The Silicon Valley, another hub for job growth and financial opportunities, also has a high rental market. The price for a one bedroom can range from $2,257 – $2,575 a month or more.