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> Aren’t the salaries higher as well? The killer is house and rental costs. If you want a flat in central London you'll be paying half (or more?) of your £68k
by okeuro49 3y ago
> Aren’t the salaries higher as well?
The killer is house and rental costs.
If you want a flat in central London you'll be paying half (or more?) of your £68k salary on rent after tax. In Canary Wharf you might not even be able to afford rent.
A £68k salary won't bring you close to being able to afford a mortgage, unless you have capital from other means e.g. inheritance.
- gadders 3y agoTo be fair, though, that is a prime-ish location, not much different to trying to live in Manhattan or the nice bits of SF.
- bombcar 3y agoBig cities are big enough that you can have vastly different ideas of what it means to "live in New York" or "live in LA" - I had friends in both who would say they lived there, but were a minimum an hour from the central business district.
- gadders 3y agoYeah. You get people who live in Bromley who say they live in London, just because it's a London Borough.
- bombcar 3y agoI gave up answering where I lived years ago, now I just reply with the name of the nearest international airport; people are much more likely to know where LA is than any of the hundreds of smaller cities in and around its metro area.
- pm215 3y agoAs somebody who lives well outside London, my mental model of "in London" is "within the M25" :-)
- jwmoz 3y agoReal Londoners use this.