4 ms·

is £50k enough to live in London on your own? (i.e. a one br flat)

by Stevens 13y ago

kar1181 13y ago
No.
- CWIZO 13y ago
  Bollocks. My gf and I are currently living off of my 40k since she's unemployed. In zone 2. It's totally doable and you'll have money to spare if you're alone with that kind of salary.
SandB0x 13y ago
Yes. A reasonable one bed (not a studio) flat in zone 2 will be around £1000-1200 pcm.
_progger_ 13y ago
Barely, if your lifestyle is western (can't leave in bad area), you like to have holidays abroad and what to save some money as well.
Alan01252 13y ago
I lived comfortably in zone 2 on £40k a year. I was paying £250 a week rent for a one bedroom flat in a complex with gym + pool in zone 2. Rent prices are a little higher than they were two years ago now though!
- _progger_ 13y ago
  Prices are generally higher now. How much were you spending on commute?
  - Alan01252 13y ago
    It was approximately £20 a week. In the summer I used to walk which took around 40 minutes so I spent a little less.
OrsenPike 13y ago
Yeah. I am in zone 3 (15 minute walk from the office which is awesome) at £1200 a month for a very nice (large) one bed room flat. I could get a two bedroom with a little more space for the same price but this flat is gorgeous and I love the lay out plus location to work is perfect. Close enough but not too close ;) I would say you could get by on 35k but you wouldn't have much left over. Could do it for a year or two in a grind if you really had to though. Anything less and you will probably get pissed off with yourself as you will most likely feel under valued quite quickly. Especially if you have to pay anything at all for travel.
pledg 13y ago
Of course it is. If you are single you can live comfortably in zone 1 for that, even in Kensington. All-in rent for about £1k. I'm confused by the replies saying you can't. There's people living happily near me earning a lot less than that.
- walshemj 13y ago
  But you wont be buying anywhere anytime soon in zone one
djhworld 13y ago
Yes. I live in Zone 4 in a 1 bedroom flat for £910 a month and I only earn £42k.
pointyhats 13y ago
Yes. Myself, my wife, 3 children, a car in a 2 bedroom maisonette with two gardens in zone 5. No problems. Apart from the incurred debt from having to live on a much lower salary for several years beforehand. That is the biggest problem for me.

is £50k enough to live in London on your own? (i.e. a one br flat)

by Stevens 13y ago

is £50k enough to live in London on your own? (i.e. a one br flat)

kar1181 13y ago

No.

CWIZO 13y ago
Bollocks. My gf and I are currently living off of my 40k since she's unemployed. In zone 2. It's totally doable and you'll have money to spare if you're alone with that kind of salary.

SandB0x 13y ago

Yes. A reasonable one bed (not a studio) flat in zone 2 will be around £1000-1200 pcm.

_progger_ 13y ago

Barely, if your lifestyle is western (can't leave in bad area), you like to have holidays abroad and what to save some money as well.

Alan01252 13y ago

I lived comfortably in zone 2 on £40k a year. I was paying £250 a week rent for a one bedroom flat in a complex with gym + pool in zone 2. Rent prices are a little higher than they were two years ago now though!

_progger_ 13y ago
Prices are generally higher now. How much were you spending on commute?
- Alan01252 13y ago
  It was approximately £20 a week. In the summer I used to walk which took around 40 minutes so I spent a little less.

OrsenPike 13y ago

Yeah. I am in zone 3 (15 minute walk from the office which is awesome) at £1200 a month for a very nice (large) one bed room flat. I could get a two bedroom with a little more space for the same price but this flat is gorgeous and I love the lay out plus location to work is perfect. Close enough but not too close ;) I would say you could get by on 35k but you wouldn't have much left over. Could do it for a year or two in a grind if you really had to though. Anything less and you will probably get pissed off with yourself as you will most likely feel under valued quite quickly. Especially if you have to pay anything at all for travel.

pledg 13y ago

Of course it is. If you are single you can live comfortably in zone 1 for that, even in Kensington. All-in rent for about £1k. I'm confused by the replies saying you can't. There's people living happily near me earning a lot less than that.

walshemj 13y ago
But you wont be buying anywhere anytime soon in zone one

djhworld 13y ago

Yes. I live in Zone 4 in a 1 bedroom flat for £910 a month and I only earn £42k.

pointyhats 13y ago

Yes. Myself, my wife, 3 children, a car in a 2 bedroom maisonette with two gardens in zone 5. No problems. Apart from the incurred debt from having to live on a much lower salary for several years beforehand. That is the biggest problem for me.