How much do you need to earn in London to live comfortably?
If you earned anything ABOVE the average salary in London is a good starting point.According to World Cost of Living spreadsheet (crowdsourced data), the average monthly salary for London jobs is around GBP2,057.96.As a general rule, it's a good sign when expected net salary is above the average. If your salary is above the average then this means that you are not very far from the better half.Keep in mind, most probably the people who are earning better than you are only getting a slightly bit more or in a different industry.Your cost of living will vary depending on your own lifestyle.The best way to make it worth is whether your lifestyle can match the same way as your own lifestyle in your home country.Reference : World Cost of Living spreadsheet (crowdsourced data)
What salary do I need to live comfortably in London in my own flat?
Clearly this is all relative. I remember living pretty comfortably on £35k, but I couldn’t do that now as my lifestyle and expectations have shifted. I was happy eating out at Pizza Express, or the local curry house, once a week. I also only ever drank beer. I now find myself eating out 3–4 times a week, i drink more expensive alchohol, eat in nicer restaurants, run a car, go on holiday pretty often, yadda yadda. So whats your idea of comfort? if its a nice flat in a nice part of town, regular meals out and regular holidays, you can probably do it on circa £70–100k. If its a townhouse in Belgravia, business class flights for the family 4+ times a year, a new Range Rover and escaping to the country most weekends, then you’re probably looking at £500k-£1m. We all live up to our own level of misery.
Is 1200 pounds a day enough money to live comfortably in London?
Yes, that's plenty to live comfortably in London, in a nice apartment (we call it a flat) in a decent area. You'll pay about 40% tax, so will have GBP 720 per day x 5 = GBP 3600 per week. The City (capital C = the financial area of London) is very central, but is dead at night and weekends. After business dinners are finished, there's nothing else going on. Nice areas for living, that are still very close to the City are in Westminster council - includes areas like West End, Mayfair This site will help you see areas close to the City (It's currently showing Westminster, but you can go back to Central London and choose City if you want to see how close they are. http://www.rightmove.co.uk/property/West... Mayfair is considered one of the best areas of London, but with that salary you can afford it. However again, it's quite quiet and as a new arrival, you might want to live somewhere more lively. Covent Garden is a good area for a newcomer. It's got lots of shops and restaurants and is busy at weekends and evenings. There's an open square where many people meet up, there are usually street entertainers there. I assume the company will sponsor your working visa? You won't be allowed to work in UK without it. Good luck!
Is 120,000 pounds gross salary enough to live comfortably in London?
We are a family of 4 and I have 3 dependents: my wife, 4 year old and new born baby. My office is in the City and I ideally want to live in a 2-3 bedroom apartment for 1500 pounds a month within a 25 min tube ride. Which residential areas in London can we consider to stay? How much would other expenses like school for my elder child, food, travel, part time help, entertainment and utilities expect to cost? I expect to buy a car for my wife to move around and for me to use in the weekends. Can we expect to save 1000-1500 pounds a month based on the above salary? We would expect to eat out every alternate weekend, where we would also catch a movie, go to a bar, etc
Is £40,000 a comfortable salary in London?
London, one the greatest cities in the world (in my humble opinion) and one of the most expensive to live! I currently live in London and earn 40,000 a year. Here is how it breaks down for me...Monthly Income before tax but after pension contribution: 3317.67Monthly Tax Contribution: 1053.61Monthly Income after tax: 2264.06OK so 2264.06 a month to play with.....Housing (1 Bed flat in Balham): 1300Bills (Gas, Elec, Water, Council Tax, Insurance etc): 100-200Food (Groceries etc): 150Travel (Oyster Card for zones 1-2): 120Socialising (Restaurants, drinks etc): 200Other: 100-------------Total 2070Savings 264.06 I think this is pretty common for Londoners, saving 20% post tax income is tough in this town! You could save on this significantly by house sharing, that would cut your rent to around 700-800 a month which means you'd probably hit your 20% savings target and have a comfortable living standard. All this said, money is only one part of the equation if your looking to live here, on a 40k salary you can easily enjoy the city for a year or two and then look to move out somewhere cheaper!Good Luck
How much do I need to earn to live in London?
You're going to really struggle to afford a studio flat in London on £8-£9 an hour. Sorry! A quick search on Rightmove.co.uk for studio flats in Acton, show that even sorted by cheapest first, are still very expense:And those are the worst/cheapest in the area! Let's say you find cockroach infested one where you have to shower while sitting on the bed for £650 a month. When you add on utility bills, council tax, internet you're looking at least another £200 a month. That's £850 total.If you work a 40 hour week on £8 an hour you will be earning about £1,350 a month. So £500 a month left.But you are living in Zone 3 so will need a travel card. That's another £146 a month (as of Feb 2016).That leaves you with about £350 to cover all of your other expenses. Food, drink, phone bill, laundry, furniture, entertainment, savings.I suggest that instead of getting a whole flat to yourself you live with flatmates. I do it and it's great.On SpareRoom a quick search in the same area finds:Wow. That's a lot cheaper. And bills included!Let's say you found one for £400 a month including bills. That has over halved your rent! And the chances are you'll be in a nicer house, with more room. And you get to meet and socialise with new people. Win win.Your £350 allowance month for all expenses has now shot up to £800 a month. A much more realistic amount to live on.If that's still too expensive the guy who started Spare Room is currently looking for a flatmate on a "pay what can" basis:
How much salary per month do I need to live in London?
If you do not have dependents, then I would say you need at least £1000 a month after tax to live in London comfortably. At least, that was my average expenditure over five years living in London as a government worker. In my final year (2015), my monthly budget broke down like this:-cost of a room in a shared house £500transport £50 (this is lower than most people - I used my bicycle as my main form of transport)food £150 (I mostly prepared my own meals at home)phone and other bills £100other expenses and leisure activities £250 (mostly spent on beer and shows)= £1050.My take-home salary monthly was £1400, so I saved £300–400 a month which went towards holidays, saving for a down-payment to buy a flat and for buying stuff that I couldn’t pay for out of my regular budget (eg. a new laptop).If you want to have your own apartment, run a car, eat in restaurants, buy expensive stuff or otherwise have a more lavish lifestyle then you will need a lot more money. A one bedroom apartment would cost at least £1000 a month plus bills, the cost of running a cheap car would be £200–300 per month and eating in an average restaurant twice a week would add around £200 to your monthly budget.