Unfortunately, even for the same role, the 10x figure is painfully close to reality, once purchasing power of the actual disposable income is calculated.
Juniors don't start at $3k/mo after taxes, it's more like $2.5k. On top of that, there's ~20% VAT vs. ~5-10% sales tax in US. On top of that, the price level in Finland is notably higher (25% pricier according to PPP conversion factor). Also, practically nobody gets stocks or options here, and any kind of bonus pay is usually insignificant. There are much fewer options to live frugally. Majority of the sectors of the economy are dominated by monopolies, duopolies and silent cartels.
As a silly example illustrating the fact - a junior software engineer in Finland can purchase 0.52 Tesla Model 3s per year for his take home pay. The same engineer in Bay Area could buy 3, maybe 4 with stocks.
Juniors don't start at $3k/mo after taxes, it's more like $2.5k. On top of that, there's ~20% VAT vs. ~5-10% sales tax in US. On top of that, the price level in Finland is notably higher (25% pricier according to PPP conversion factor). Also, practically nobody gets stocks or options here, and any kind of bonus pay is usually insignificant. There are much fewer options to live frugally. Majority of the sectors of the economy are dominated by monopolies, duopolies and silent cartels.
As a silly example illustrating the fact - a junior software engineer in Finland can purchase 0.52 Tesla Model 3s per year for his take home pay. The same engineer in Bay Area could buy 3, maybe 4 with stocks.