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If you compare SF to any german city it may be that way, but the median salary (not only IT) is not that different(56k$ to 46k€ according to google).

Remember that there are people outside IT/SV!

I can get a remote job working from anywhere in the US that pays me double what anyone will pay me in Germany (or anywhere else in the EU).

I look frequently, because if the pay was equal (or even 3/4) I'd love to live in Europe.