Is £50,000 a year a good enough salary to live in London?
It depends on your lifestyle, your tolerance for long commutes and how much you plan to set aside for retirement/savingsAccording to the "take home pay calculator" The Salary Calculator - Take-Home tax calculator, out of a 50k salary, you'll be left with 36.5k. Say 3k per monthHousing will be your biggest expense, and housing cost is inversely proportional to commute time (assuming work in central London). If you are willing to commute 1+ hour each way per day, you can probably live ok on whatever's left of those 3k. Don't forget various council taxes and utilities on top of the rent. And commuting is not cheap (depending on your commute, can easily spend 200 or more per month).If you are willing to share an apartment, you can probably live in a much closer/more desirable area. Also, don't forget, that if you are 1+ hour away from central London, even if you are "living in London", you might not exactly enjoy spending evenings and week-ends strolling around Kensington park or shopping in Mayfair (not that you could afford the latter, on a 50k//year salary, mind you)Best way for you to figure out is to use the 3k/month starting point and look at a site like Zoopla > Search Property, enter a postcode close to your work area, and see what you can find in your price range. Keep in mind that many place list the price per week (pcw), not per month(pcm) and there are more than 4 weeks in a month, on average. And that no place looks in real life as it does in those pictures (and the cheap places tend to have a lot of other non-desirable characteristics, like a noisy environment or bad exposure).Outside of housing and high cost of public transport, other costs in London are a bit higher than elsewhere, but not completely out of line: you can eat a good Marks and Spencer salads cheaply, and there are cheap eating options. Pubs are expensive, and there's no limit to how much you can spend in a restaurant, if you are so inclined. But there are also plenty of affordable places (for example, the delicious Franco Manca Marcherita pizza, a lunch in itself, is only 6 pounds, which is cheap by any standard. And you are comfortably sitting in a nice restaurant)
Is 12,000 pounds per mounth is enough to live in london...... i want to move to londan..?
A job in 'IT sector in a restaurant' is not going to be paying £12,000 per month, more like £12,000 per year and if you are not british or a European national and need a visa to live/work in the UK then the 'job' is not even real as they are not allowed to recruit nationals from elsewhere............. 'If' you are entitled to work in the UK and if as I suspect it is £12,000 per year then no it isn't enough, it is very low pay as most jobs in the catering world and their admin are...............
Is 40 thousand pounds a good salary in London?
Here is another reference point for salary, as a general rule, it's a good sign when expected net salary is above the average.According to the calculator recent data for the beginning of First Quarter 2017, the average salary for London jobs is approximately GBP2,089.04 per month.If your salary is above the average then this means that you are not very far from the better half.Keep in mind, average salaries can vary greatly due to company, location, industry, experience and benefits.Most probably the people who are earning better than you are only getting a slightly bit more or in a different industry.If your salary is above the average then this means that you are not very far from the better half. Keep in mind, average salaries can vary greatly due to company, location, industry, experience and benefits. Most probably the people who are earning better than you are only getting a slightly bit more or in a different industry.Of course your spending patterns are different so use the World Cost of Living Spreadsheet (crowd sourced data) to calculate your own spending items. Items include in this calculation are accommodation, transportation, groceries, recreation, apparel and utilities.Reference/download : World Cost of Living spreadsheet (crowdsourced data)
Can a young couple live in London on 40,000 pounds a year gross salary (willing to live in cheaper areas)?
You might need to look at global guardians etc. (temporary occupation of buildings that are due for development).Upside rent of 500 versus 1000 per month .Downside have to move every six months and might have difficult commute sometimes.Note that you cannot get on tube trains in certain stations at rush hours as they are already full at your stop. You might have to use buses and leave longer for the commute or go backwards before going forwards. This is getting worse every year as London population heads towards 11 million and they cannot possibly run any more tubes than the one a minute currently. (not safe any more throughput). This may mean you will spend quite a bit on taxis if you are not feeling 100%.You are likely to be living in the higher crime areas so you will want to spend on CCTV, insurance. You may also need private health insurance because if you rely on the NHS you could have expensive time off work waiting for treatment (you can wait years for a hip replacement for example). We have been promised that will change as our spending on health increases towards French levels but that is going to be 10 years away.You may find the lack of sunshine a problem and need to spend on breaks in the sun to compensate but that will mean some tough choices - but dont worry your in good company with 99% of population in pretty much the same overcrowded boat.
Is $2,400 a month good enough to live comfortably in an apartment?
Is that including utilities? Do you have free babysitting or are you paying for daycare? I don't know that it would be worth it for both parents to work and pay for daycare if you're making such low wages. It depends on the cost of living in your area. In some places you would not get by on that. In others, you'd be fine. Why are there 2 scenarios? Thinking of selling the baby?
How can I afford to live in London on 20,000 a year when rent costs a minimum of 600 a month?
Actually, you can manage it decently, with some judicious management of your finances. The £20k a year equates to about £1400 a month, in net take-home pay.Now, if you're paying £600 in rent, then you're obviously sharing a property; I worked in property, and lived in houseshares as well, before making my money, so I know all about it.Which ALSO means, you're splitting bills and council tax... or they might even be included in your flat rate. But for the sake of arguments, let's assume you pay bills separately.Let's say, then, you're spending about £700 a month total. I don't know where you're sharing, and where you travel to work, but let's just say you're also paying £125 for a monthly Zone 1-2 travel card.You're left with £475 a month, with which to live in London. Put differently, it's about £15.60 of income per day. With that, you buy your food and essentials.The rest, you have left over to live. Since you're in employment, don't forget that you will be getting Working Tax Credits, so that adds to the figure. This figure can vary wildly; I know of people getting as little as £10 a week, and some as much as £63 oer week.In the end, living in London on £20k a year is definitely doable, with some tight money management, and not expecting excesses with such a figure.BUT WHAT IF I AM NOT ALONE, AND HAVE A FAMILY? (I know this wasn't the question, but let me just add this here, for reference.)Actually, you'll do even better off if you have a family... since there are Child Tax Credits, and Child Benefit to be had. Since you'll be renting a larger property for the family (and you can forget about finding that at £600), it's also true that after 6 months, you'll be eligible for Housing Benefit as well. The amounts can vary, but I know families that have their ENTIRE rent paid for by the local Borough, and others getting as little as £70 per week in subsidy. So all said, you can do ok on a SALARY of £20,000 a year and a family... with the right support.(UPDATE: A lot of areas are now moving over to a programme called Universal Credit, which should replace a vast majority of benefits by lumping them all together in one single monthly payment for everything. I'm not familiar with how that is going to work, so I am afraid I don't have much info to give you on that. Just be aware this change is underway already).