What's your idea of a good salary?
Poll: What's your idea of a good salary?
Total Members Polled: 1067
Discussion
Being only young (24) I'm earning about 18-23k+ depending on how they change the shift pattern and how it falls, ( working in security as cctv/mobile patrol ) I'm doing alright considering I have a small family x1 swmbo plus toddler and drive a decent 62 plate car, I keep my overheads as low as possible. Council house for now. But Ive always wanted more money to get us living a bit more comfortably and maybe buy the house we're in or deposit on another. I'm aiming for the control room managers job not just for money but because I love stress and pressure of what it comes with. My aim for when I'm 30-40 is to be on about 40k per annum which would see us alright. One can dream.
jamesy, time to give the computer back to your parents.okgo said:
Studio117 said:
As you well know, in London 50k is f
king peanuts.
Not sure how that's relevant though? And the average London salary is below that so clearly it's not THAT bad. king peanuts.In real terms if someone is on £30k and lives outside of London then taking a job in London with a salary of £50k would be worthwhile for them, factoring in a probable increased commute time (plus having to sit/stand in very close proximity to other people), train costs (where I live these are £6k per year, so I would need to earn £10-11k pre-tax to cover that cost). £30-40k outside of London isn't 'peanuts' either.
Foppo said:
If 25000 is below average the majority of working people here in Hull must be living in poverty.
It only proves how much the top earners receive if that figure is the average.
the figure given as the average is the median , as the mean would be distorted by these high earners, do you need further explanation on the difference between the various Averages and which should be used when ?It only proves how much the top earners receive if that figure is the average.
living in poverty and the median wage are seperate issues
the 'living in poverty' figure is related to the concept of the ' the living wage'
the value of the living wage sits somewhere between the NMW and the Median ...
mph1977 said:
Foppo said:
If 25000 is below average the majority of working people here in Hull must be living in poverty.
It only proves how much the top earners receive if that figure is the average.
the figure given as the average is the median , as the mean would be distorted by these high earners, do you need further explanation on the difference between the various Averages and which should be used when ?It only proves how much the top earners receive if that figure is the average.
living in poverty and the median wage are seperate issues
the 'living in poverty' figure is related to the concept of the ' the living wage'
the value of the living wage sits somewhere between the NMW and the Median ...
mikerons88 said:
mph1977 said:
Foppo said:
If 25000 is below average the majority of working people here in Hull must be living in poverty.
It only proves how much the top earners receive if that figure is the average.
the figure given as the average is the median , as the mean would be distorted by these high earners, do you need further explanation on the difference between the various Averages and which should be used when ?It only proves how much the top earners receive if that figure is the average.
living in poverty and the median wage are seperate issues
the 'living in poverty' figure is related to the concept of the ' the living wage'
the value of the living wage sits somewhere between the NMW and the Median ...
or does the concept of a 'a living wage' offend you in some way - despite the fact that this is considered to be the point at which state help is no longer needed to meet a moderate standard of living for those without kids ...
A living wage varies dramatically based on where to live. You use Hull as an example, in Hull housing is cheap compared to the national average so while £25k is below the median wage for the whole of the UK the fact that people's biggest expense (housing) is less than average probably puts you above the average standard of living.
The cost of property is also reflected in prices for goods and services. A shop will have higher rent down here so that will be reflected in prices, it's how you lucky buggers up North can still get a cheap pint! Cheaper housing and cheaper consumables/services = happier earning less
The cost of property is also reflected in prices for goods and services. A shop will have higher rent down here so that will be reflected in prices, it's how you lucky buggers up North can still get a cheap pint! Cheaper housing and cheaper consumables/services = happier earning less
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