good salary for a mid 20's person
Discussion
It's all relative to what you have to do for it. I have 3 job offers at the moment and probably 4 by the end of tomorrow. One pays twice as much as another, but I am likely to take the lowest paid of the 4, purely because it involves no commute instead of 4 hours round trip each day and hopefully a lot shorter hours.
That said I have a nice house, a lovely fiancé and other projects to keep me occupied other than "work".
That said I have a nice house, a lovely fiancé and other projects to keep me occupied other than "work".
THX said:
tfin said:
phib said:
i have two people who work for me and are mid 20's ish, (24 and 26) one went to uni no on £45k basic £70k in total last year, other one who didn't go to uni on £65k basic earned £105k last year
Based in rural cambridgeshire
They do both work very very hard probably 50+ hours a week and the non uni one works hardest the other one won't make it.
Phib
This is probably not helpful !!!
Giz a job.Based in rural cambridgeshire
They do both work very very hard probably 50+ hours a week and the non uni one works hardest the other one won't make it.
Phib
This is probably not helpful !!!
es earn good money, but even for 100k you can stuff it! (see what I did there)OP; the average national wage for people of all age groups is only £27k or thereabouts (£25k?), so to be earning that at mid-20's is pretty good.
Impasse said:
For being a Consultant in a large hospital, not so much.
Consultant in a large hospital by mid 20's? Not likely unless your Dougie Howser...As for it being a decent salary, its all subjective really, most peoples adjust their lifestyles to their income, earn more you spend more, so as long as the outgoing don't overtake the income then it doesn't really matter.
I'm sure we all know people with 6 figure salaries that don't have a penny in savings, and those with modest incomes that have a few quid put away for rainy days, no credit on cars etc. whose the better off?
Ha Ha !!! Thats what everyone says until they actually have to do it and give up their life to do it ..... which most people actually won't do when reality bites !!!
When I was doing their jobs .... years ago I did 6 days a week traveling all over Europe / the US and less than 24hrs a week in the UK, every week with 15 days holiday a year.
Did it for 7 years but as you can imagine it trashes your life ..... not sure its worth it ?
Phib
When I was doing their jobs .... years ago I did 6 days a week traveling all over Europe / the US and less than 24hrs a week in the UK, every week with 15 days holiday a year.
Did it for 7 years but as you can imagine it trashes your life ..... not sure its worth it ?
Phib
Reemeber there will always be someone who earns more then you. On a forum, in a job, down the pub. And those who earn a lot less. And those who have huge credit just so people think they earn more then they do. These will dissappear once their boat comes in, but until then they like to give the impression they are loaded.
As a genral rule of thumb, when I was in my 20s ( I am now 37) I used to think that if I earnt more then my age, in 000's then I was doing Ok. So at 23, earning £23k is not bad. not spectacular, but not bad. At 30, earn 30k. Etc etc. This "theory" was enough for me to work hard and push for payrises, and I've not done too badly ao far
After about 30, your experience/ earned skill can demand more so this is less clear cut. To be a higer rate tax payer in your mid 30s is certainly looking very promising.
Edited to say its just my simple theory, and possibly complete, nonsense, but it was a way for me to measure my success
As a genral rule of thumb, when I was in my 20s ( I am now 37) I used to think that if I earnt more then my age, in 000's then I was doing Ok. So at 23, earning £23k is not bad. not spectacular, but not bad. At 30, earn 30k. Etc etc. This "theory" was enough for me to work hard and push for payrises, and I've not done too badly ao far
After about 30, your experience/ earned skill can demand more so this is less clear cut. To be a higer rate tax payer in your mid 30s is certainly looking very promising.
Edited to say its just my simple theory, and possibly complete, nonsense, but it was a way for me to measure my success
williamp said:
Reemeber there will always be someone who earns more then you. On a forum, in a job, down the pub. And those who earn a lot less. And those who have huge credit just so people think they earn more then they do. These will dissappear once their boat comes in, but until then they like to give the impression they are loaded.
As a genral rule of thumb, when I was in my 20s ( I am now 37) I used to think that if I earnt more then my age, in 000's then I was doing Ok. So at 23, earning £23k is not bad. not spectacular, but not bad. At 30, earn 30k. Etc etc. This "theory" was enough for me to work hard and push for payrises, and I've not done too badly ao far
After about 30, your experience/ earned skill can demand more so this is less clear cut. To be a higer rate tax payer in your mid 30s is certainly looking very promising.
Edited to say its just my simple theory, and possibly complete, nonsense, but it was a way for me to measure my success
That's been my plan/target.As a genral rule of thumb, when I was in my 20s ( I am now 37) I used to think that if I earnt more then my age, in 000's then I was doing Ok. So at 23, earning £23k is not bad. not spectacular, but not bad. At 30, earn 30k. Etc etc. This "theory" was enough for me to work hard and push for payrises, and I've not done too badly ao far
After about 30, your experience/ earned skill can demand more so this is less clear cut. To be a higer rate tax payer in your mid 30s is certainly looking very promising.
Edited to say its just my simple theory, and possibly complete, nonsense, but it was a way for me to measure my success
Although after 30yrs it's a >1x multiple.
Eta that's simply because a promotion in those grades can add £20k/yr.
I'm that age range so will offer my opinion.
One of my brother is 26, maths graduate, who was on £25k last year, and has just taken a new job at £40k. He thought he was underpaid for his industry, and now on an okay wage.
Another brother works in a bank, started on around £18k-£20k when leaving sixth form at 19. He is now 25 and believe he earns around £25k.
I myself am only 21, and consider myself to be on a good salary (considering no degree). Used to do sales and was earning around £35k from 19-20 but worked all hours on earth, and as nice as the money was, couldn't do anything with it as work came first. Took a pay cut to £26k which I'm happy with baring in mind my age. Decent lifestyle and comfortable with money (all be it no motoring expenses as work pay for all of that). I live in Hampshire so expensivish I guess.
A lot of friends in the same same age earn around the £20-£25k mark. There are some high flyers, including some friends who started a business at sixth form and are now millionaires, but only a small amount.
There was the poll about wages recently and there seem to be plenty of people on here who earn way more money, but guess it depends what industry you work in.
I don't think the wage you've said is bad, not great, but more average.
One of my brother is 26, maths graduate, who was on £25k last year, and has just taken a new job at £40k. He thought he was underpaid for his industry, and now on an okay wage.
Another brother works in a bank, started on around £18k-£20k when leaving sixth form at 19. He is now 25 and believe he earns around £25k.
I myself am only 21, and consider myself to be on a good salary (considering no degree). Used to do sales and was earning around £35k from 19-20 but worked all hours on earth, and as nice as the money was, couldn't do anything with it as work came first. Took a pay cut to £26k which I'm happy with baring in mind my age. Decent lifestyle and comfortable with money (all be it no motoring expenses as work pay for all of that). I live in Hampshire so expensivish I guess.
A lot of friends in the same same age earn around the £20-£25k mark. There are some high flyers, including some friends who started a business at sixth form and are now millionaires, but only a small amount.
There was the poll about wages recently and there seem to be plenty of people on here who earn way more money, but guess it depends what industry you work in.
I don't think the wage you've said is bad, not great, but more average.
Myself and the majority of people who I grew up with arsed about at school and as a result got terrible grades in our GCSE's despite being reasonably intelligent. I wasn't even able to get into college with my results. I ended up joining the Army.
One got a degree, and was always straight A's at school. He struggles to find permanent work, and even the temp work is in no way related to his qualifications.
Another has been in a tool hire job for 10 years. He started on £15k and is now on £22k.
One got a job as a heavy mechanic and gained various NVQ's in a few area's which made him fairly employable. A few jobs later and he's now a trainee earning £35k, looking at £45k end of next year. I'd say he's considered to be on excellent money by most of us, and even the older generations. In London I'd imagine that's nothing too special at all, but in Wiltshire its pretty good.
One got a degree, and was always straight A's at school. He struggles to find permanent work, and even the temp work is in no way related to his qualifications.
Another has been in a tool hire job for 10 years. He started on £15k and is now on £22k.
One got a job as a heavy mechanic and gained various NVQ's in a few area's which made him fairly employable. A few jobs later and he's now a trainee earning £35k, looking at £45k end of next year. I'd say he's considered to be on excellent money by most of us, and even the older generations. In London I'd imagine that's nothing too special at all, but in Wiltshire its pretty good.
Currently 22 just left uni and on £25k then £26k next year on a graduate scheme should then go into a FM role afterwards and be on about £36k aged 24/25 which I think is pretty decent.
Most my mates are on £17 - 25k range highest paid one is 22 and works at Jag started on £33k with his sign on bonus etc... and finishes at 3:30 on a Friday can't complain!
Most my mates are on £17 - 25k range highest paid one is 22 and works at Jag started on £33k with his sign on bonus etc... and finishes at 3:30 on a Friday can't complain!
dieseluser07 said:
I live in a relatively cheap to live town and i earn 26,200 a year.
Now all of my friends seem to be on more than me barring one, yet when i tell people my salary they think its decent.
What do you think is a good salary for someone in thier mid 20's who doesent live in an expensive city??
The data:Now all of my friends seem to be on more than me barring one, yet when i tell people my salary they think its decent.
What do you think is a good salary for someone in thier mid 20's who doesent live in an expensive city??
https://www.gov.uk/government/uploads/system/uploa...
Age: 25-29
Median: 19,100
Mean: 22,300
Male 25-29
Median: 19,800
Mean: 23,400
If you think you aren't earning enough - use that. Do you have ambition to work in an industry with higher rewards? Do you want to start a business of your own with the potential for real wealth creation?
Or do you love your work?
Everybody, pretty much, gets paid what the market will bear for their work. If what you do doesn't satisfy you (enjoyment or money) then you need to do something else.
Good luck. I hope it works out well for you.
Or do you love your work?
Everybody, pretty much, gets paid what the market will bear for their work. If what you do doesn't satisfy you (enjoyment or money) then you need to do something else.
Good luck. I hope it works out well for you.
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