Yep. And costs are truly insane in Greater London. Bay Area level housing prices and Boston level goods prices, but Mississippi or Alabama level salaries. But

Yep. And costs are truly insane in Greater London. Bay Area level housing prices and Boston level goods prices, but Mississippi or Alabama level salaries. But that's my point - salaries are factored based on labor market demands and comparative performance of your macroeconomy (UK high finance and law salaries are comparable with the US), not CoL.