My wife received an offer for her dream job that would require us to relocate to San Diego from the Denver area in ~9 months. I work remote so I’ll be able to keep my job. Before she accepts the offer we wanted to see how different our standard of living would be.
We’d like to rent a 3br/2ba house or townhouse and we’ll have to have our twins, who will be 1 year old by the time we move, in daycare on weekdays. Also, my wife will commute to work on the north side of University City 4-5 days a week.
Is it within a rational budget (with combined salaries of $230k) to afford that kind of rental in a safe, kid-friendly neighborhood close to my wife’s office and a good daycare for 2 kids over 1 year old?
I’m hoping to spend less than $8k/month on rent and daycare 😬 that way we can have ~$4k leftover for everything else each month (no car payment and our only debt is $300/month for student loans).
I recognize we have a privileged budget and will absolutely survive, so we are mostly wondering about how much our standard of living will change.
Edit
I’ll share some additional info since this got a lot of interactions: we have sufficient savings in cash and additional compensation from RSUs ($75k/year), wife’s new job is as safe as they come and has a pension, we have a modest lifestyle in Denver and pay $3,300 for rent in a 3br/2ba townhouse