Should You Stay in India or Move to the US for Higher Salary?

The decision between staying in India or moving to the US for higher pay can be a tough one, especially when considering salary alone. For a straightforward answer, if you're comparing Rs. 20LPA (20,000 INR per annum) in India to $75,000 per annum (PA) in the US, the safer bet is to stay in India. However, there are numerous other factors to consider beyond salary. This article aims to balance the pros and cons of both options, helping you make an informed decision.

Salary Breakdown: The Pros of Staying in India

The primary allure of staying in India lies in the cost of living. Even with a salary of Rs. 1,20,000 (120,000 INR) in the US, which is higher than the mentioned amount, you might still find yourself saving Rs. 3,450 (3,450 INR) monthly. This figure drops significantly when converted to INR, especially considering that you can live comfortably on Rs. 80,385 (approximately $1,005) after applying the purchasing power parity (PPP) principle.

To fully grasp the concept of PPP, refer to this link for detailed calculations and further information. This comparison makes staying in India seem increasingly advantageous, especially when it comes to long-term financial stability.

Benefits of Staying in India

1. Better Life Quality

Experts: While in the US, you may earn significantly more, the quality of life in India remains superior in many ways. Here are some benefits of staying in India:

Richer Social Life: In the US, loneliness and a lack of companionship can be a significant drawback. Staying in India offers numerous social opportunities and a vibrant community, making it easier to find friends and engage in social activities. Accessibility to Housing: With sufficient savings, you can purchase a house in India within 5 years, something that is nearly impossible in the US. Better Health: Health care in India is generally less expensive and of high quality, with fewer pollution-related health issues. Quality Education and Future Prospects: Indian institutions often offer excellent education and job opportunities, helping you build a successful future. Exploration: Moving to new places without judgment can be liberating. You can explore different interests and experiences that might be more challenging to achieve in the US. Travel: The cost of travel in India is considerably lower, allowing you to travel and experience moreplaces compared to staying in a single city like Bangalore.

2. Challenges of Moving to the US

While the US offers a higher salary, there are several challenges associated with living there:

Missed Family and Social Connections: Moving to the US permanently may mean a significant separation from your family, friends, and the comfort of familiar surroundings. No Maid: Hiring domestic help is much easier and more affordable in India. In the US, finding a local maid can become a hassle. Balcony Lockdown: Your spouse might face restrictions on working, especially in the initial years. This can strain your relationship and financial stability. Risk of Unemployment: The job market in the US is highly competitive, and there's always a risk of losing your job, especially if the organization has financial difficulties.

Final Thoughts and Practical Advice

Deciding between staying in India or moving to the US is not just about salary. It's about weighing your personal, professional, and financial goals.

For those who have stayed in the US for 3-6 years on an H1B visa, there's a good chance of getting an H2-B or H-4 EAD, which allows your spouse to work. However, this comes with its own set of challenges, including navigating the immigration system and potential job insecurity.

One practical tip is to have at least 6 months of salary saved up as a contingency plan. This buffer can provide peace of mind during unexpected financial emergencies.

It's essential to weigh the pros and cons, consult with experts, and consider both short-term and long-term goals. Whether you choose to stay in India or move to the US, ensure you have a well-thought-out plan to achieve your objectives.

Remember, the future is uncertain, especially post-Trump, and making an informed decision is crucial. Evaluate your life goals, family needs, and financial stability before making a choice that will impact your life for years to come.

Note: If you plan to move to a place like California, it might make more sense to stay in India. No matter how high the salary package, the cost of living in such expensive urban areas can be prohibitive.