4 ms·

Incredible that one needs to be the head of engineering for a major finance firm to reasonably afford a median home in London

• pyuser583 4y ago
  How much is a median home in London?
  • taurath 4y ago
    £550k roughly. Average is around £850k. Out of range unless the head of engineering has a spouse
    • throwaway5995 4y ago
      £550K is the average, not the mean [1], not sure where you got that number. Median salary in London is around £40K [2], and the average around £60K (don't remember where I read that figure, it might be wrong). Unless you are buying alone, with two average salaries you can buy an averagely priced home. You don't need a £100K salary (percentile 97!) to be able to afford a home in London, stop with the pointless exaggerations. [1] https://www.gov.uk/government/news/uk-house-price-index-for-march-2022 https://www.gov.uk/government/news/uk-house-price-index-for-... [2] https://www.statista.com/statistics/416139/full-time-annual-salary-in-the-uk-by-region/ https://www.statista.com/statistics/416139/full-time-annual-...
      • foldr 4y ago
        Note 11 of [1] states that the geometric mean is used. So this would be different (and lower) than the 'average' in the usual sense of the arithmetic mean.