6 ms·
Except major cities like London, Paris, Dublin where it is somewhere around 'table stakes'.
by VBprogrammer 6y ago
Except major cities like London, Paris, Dublin where it is somewhere around 'table stakes'.
- shafyy 6y agoYou must be kidding. $100k a year is more than enough to not think about money (for one person) in all European cities, including London. Except if you suck at personal finance and spend all your money for unnecessary things.
- buzzy_hacker 6y agoSo is it enough to not think about it or not enough so that you must think about it to not spend unnecessarily
- Orou 6y agoIt's enough that you don't have to worry about your ability to save money. It doesn't mean you never have to think about money at all. When I moved to London I was surprised how low salaries were, even after factoring in social services like the NHS. 100K USD (80,000GBP) is a very good salary there.
- toyg 6y agoIf you have more than a single child of school age, £90k in London is not that much. Two kids at a private school in Northern England will run you £30k, I imagine in London it will be a tad more.
- VBprogrammer 6y agoNever mind private schools, housing costs go through the roof if you want them to have their own room or, god forbid, a garden. Not to mention nursery fees if you both need to work to cover the mortgage and bills.
- deleted 6y ago[deleted]
- petercooper 6y agoSure, you wouldn't send them to private school on that income. But it's far from a necessity; <10% of kids are privately educated.
- shafyy 6y agoI explitliy mentioned: for one person. Of course, if you want to raise a family with private schols and a big house in the middle of London, that won't work. But let's not twist my words here.
- toyg 6y ago> I explitliy mentioned: for one person. 1950 called, they want their mononuclear family stereotypes back.
- maccard 6y agoI've lived and worked in two of those cities (and one other almost as expensive european city) for much less than $100k/year. It's a pretty comfortable lifestyle from about $50k upwards.
- VBprogrammer 6y agoSure, if you are happy living like a student. If you want to own a place in a reasonable part of town? If you want to be able to have a child? If you don't want to have to rely on two incomes to pay the mortgage? I didn't say it wasn't possible to live on that, only that that kind of salary was table stakes in those cities i.e. it's adequate but hardly living like a king. Personally I can think of a plenty of other places I'd rather live in where you could truly live well on that kind of money. Source: I live in the first of those on a similar salary.
- maccard 6y agoThere's a world of a difference between living like a student and owning property in a reasonable part of Dublin/London. a €45,000 salary (which is roughly $50k) is definitely a comfortable, non student lifestyle. It's not going to buy you a decent house in Dublin, but it's a comfortable lifestyle, and more than adequate.
- labelbias 6y ago€45,000 does sound a bit low. I lived on €40,000 (after taxes, rent was only 8-10% of the yearly income) in Croatia and lived like a king (travelling, restaurants, buying stuff without worrying about the price, massive amounts of good quality food). Moving to any other major European city would require me to at least double the income to maintain my standards.
- dbancajas 6y agocan you share what are the taxes for 100K/year? And then the basic costs like housing and groceries? what about vacations?
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- cosmodisk 6y ago$100K before taxes is decent salary in London. It's not a lot a lot but that's what a senior developer would make in most companies (excluding financial sector+ some extremely funded shops). Would you stop worrying about money? No,of course not.But you could afford to live in decent area,drive normal car,have some nice holidays in pretty places + put some aside for rainy day.Of course,this is London,so no matter what kind of money you make, there's always someone making x10 times that. But isn't that's the case anywhere?
- sweeneyrod 6y ago£80k income puts you in the top 2% of the UK. Something that 98% of people (lower in London but not vastly lower) manage without can hardly be called "table stakes".
- cambalache 6y agoYes HN is weird like that. Every time salaries are discussed people jump out with comments like : " 100k yearly after tax? That would merely serve you to live in a rented room and eating just ramen every-day".Then you go check and that kind of income is like top 3% , so either they are bullshitting or capitalist societies are in a dramatic state.
- non-entity 6y ago> Yes HN is weird like that. Every time salaries are discussed people jump out with comments like : " 100k yearly after tax? That would merely serve you to live in a rented room and eating just ramen every-day" This one isnt really HN alone. Mostly just extremely privileged developers without much perspective.
- M2Ys4U 6y agoAt current exchange rates, $100k is about £80k or €88k. In the UK that pre-tax income would put you well in the 95th percentile. Post-tax the 97th percentile.