Let's say you work as an app developer in Austin, making $87,700 a year. Life is good -- you can afford all the breakfast tacos your heart desires.

But wait! A company based in San Francisco has offered you $108,000 a year to do the same job.

It seems like a no-brainer to take the higher-paid job, right? You start thinking about trading in breakfast tacos for $4 toast.

Not exactly.

Jobs site Indeed reports that when you factor in the cost of living, Austin is the better deal because you would only spend 23 percent of your take-home salary on rent, versus 37 percent in San Francisco.

Earlier this month, Austin-based Indeed released a study concluding that Austin pays the highest tech salaries of all major tech hubs in the United States -- when factoring in cost of living.

The Indeed study looked at salary data from the 15 different job titles, and the most popular job search destinations on its site. Here's how that list looks without taking into consideration the cost of living:

.tg {border-collapse:collapse;border-spacing:0;border-color:#ccc;}.tg td{font-family:Arial, sans-serif;font-size:14px;padding:10px 5px;border-style:solid;border-width:0px;overflow:hidden;word-break:normal;border-color:#ccc;color:#333;background-color:#fff;}.tg th{font-family:Arial, sans-serif;font-size:14px;font-weight:normal;padding:10px 5px;border-style:solid;border-width:0px;overflow:hidden;word-break:normal;border-color:#ccc;color:#333;background-color:#f0f0f0;}.tg .tg-9hbo{font-weight:bold;vertical-align:top}.tg .tg-yw4l{vertical-align:top} Rank City Average Salary (Unadjusted) 1 San Francisco, Calif. $113,497 2 San Jose, Calif. $111,925 3 New York, N.Y. $109,765 4 Los Angeles, Calif. $98,346 5 Seattle, Wash. $98,215 6 Boston, Mass. $97,266 7 Arlington, Va. $96,605 8 Chicago, Ill. $95,386 9 Washington, D.C. $94,857 10 Austin, Texas $94,025 11 San Diego, Calif. $93,011 12 Dallas, Texas $89,433 13 Denver, Colo. $88,523 14 Salt Lake City, Utah $85,139 15 Minneapolis, Minn. $84,367 ]]