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I guess for a fair comparison you'd need to consider taxation and major costs. In UK £45,000pa would net you £2,750/month after tax. Most likely your employer w
by guy_c 14y ago
I guess for a fair comparison you'd need to consider taxation and major costs. In UK £45,000pa would net you £2,750/month after tax. Most likely your employer would be paying or contributing to your pension. Health care is free. Assuming you want your own place, a typical apartment in semi-central London might be £350/week rent. Local taxes depend on your properties value, but could say £100/month typical. Then for simplicity estimate major household bills (gas & electricity) at £100/month.
Net Income: £2750/month
Major Expense: ~£1750/month
- guy_c 14y agoFew additions: Add £100/month more expenses for public transport to work (since in London it's not very common to live within walking distance of work). Probably a fair comparison might want to factor in university education cost. In the UK undergraduate fees are capped at £9,000/year. So a simplified sum: a 3-year undergraduate costs £27,000; spread over 10 years that's £225/month.