26 ms·
35k average salary might not tell the whole story. e.g. the median figure for inner London is about 34k, bit below the average, but for outer London it's 24k. T
by IkmoIkmo 11y ago
35k average salary might not tell the whole story. e.g. the median figure for inner London is about 34k, bit below the average, but for outer London it's 24k. Then consider that inner London is about 3 of 8.5 million people, and 12 of 32 boroughs, so I wouldn't be surprised if the median salary for all of London was below 30k.
Of course salary doesn't truly matter much in the city of finance, a huge chunk of the city's income is not linked to wages or derived from wage labor.
Anyone considering moving to London has to appreciate that the city is partially tuned for a group of people for whom a base salary isn't the main source of income, and if that's not you then it's a bit like living in a giant auction house full of millionaires and they're auctioning off everything you need, from sandwiches, a home to live in to a public transport card, and the rich guys keep bidding 5x the national average on any item and more rich people enter the auction house every day, buying anything becomes a struggle.