Quick Answer: Can You Live In London On 30k?

Is 60k a good salary in London?

£60k is definitely enough to live comfortably in London.

£60K per annum gives you about £3,611.32 per month after tax.

That is without taking any pre-tax deductions such as pension contributions into account.

If you want to save £1,200 per month that means you would have around £2,400 to live on..

What is 30k salary per hour?

about $14.42 per hourYour annual salary of $30,000 would end up being about $14.42 per hour.

Can you live in London on 25k?

25k is ok to live in london. With debt i was on that when i moved here 3 years ago, and i was paying 950/month to share a 2 bed flat 10 mins walk from my office. yeah you wont be boozing every night, but you can do just fine. You can still afford some social stuff etc.

Is 45000 a good salary in London?

Yeah 45k is decent. That’s around 2.8k monthly take-home. You can get a modern studio or even a small 1 bedroom apartment for 1200-1300, the rest is up to you and your lifestyle.

Is 20k a good salary in London?

Short answer is no, £20k is not enough for a decent life in London – unless your definition of decent is living in bad accommodation somewhere fairly grim right on the outskirts of town, and not being able to afford to go out very often.

Is 3000 pounds a good salary in London?

Earning 3000 GBP is classified in top 10 % earning salaried personal. And another 150 GBP for miscellaneous expenses to cover entry tickets for attractions, food expenses at restaurants at times etc etc. Overall 700 GBP covers all living cost in London.

Is 100k good salary in London?

It is certainly possible to live well in London for £100k a year, but there is a difference between wealth and income. … But 100k a year is considerably more than the average London wage. Most people already have considerable equity in housing though so prices reflect this.

Is 20k a good salary UK?

It’s slightly below the national average, however a very decent starting salary. It really isn’t. 20k is a good wage if you’re young, fresh out of uni, still living with parents or in a house share but for a career it’s not a lot. You’d still be living pay cheque to pay cheque.

Can you live in London on 40k?

As you can see from a previous example, 40K is a decent salary to live in London. However, due to high property prices, most likely, you won’t be able to afford your own place.

Is 30k a year middle class?

The level of annual income Americans said it takes to be middle-class. … By that definition, a middle-income three-person household earns about $45,000 to $135,000. If you’re single, a salary of around $26,000 to $78,000 qualifies you as middle-income.

Is 40000 pounds a good salary in London?

40K is definitely good enough to support yourself, live relatively comfortably. The tax will take quite a good percentage off that which is quite a pain. I guess it won’t be enough to support a family very well if you live in the central London area, or higher investments like buying a house.

Is making 50k a year good?

As you can see, a salary of $50k is considered good money. However, there is ample room for improvement if you want to improve your situation. The average household income is approximately $63k. Therefore, a salary of $50k is considered below average.

What salary do you need to live comfortably in London?

To summarise, for a comfortable life in London for 1 person, you would need a salary of at least 40K a year.

Can you live well on 30k?

The average percentage you should pay on rent is 25 to 30 percent of your salary. And this should include the taxes and other monthly home costs such as homeowners and renter’s insurance. It means that to live on $30,000 a year, you have to spend no more than $625 to $750 a month on housing.

Can you live in London on 35k?

You can definitely live in London for that much. That’s a really decent salary. I live on the outskirts of London but used to work in Soho and you end up going out quite a bit in the weekdays when you work in London. If you’re living more central you’re probably going to be going out on the weekends as well.