How much do you need to earn to live in London?

[MajorProblem]

Just going on the price of train tickets thread...

How much do you actually have to earn to have a reasonable life in London.

So salary is ???

Let's say commute is 1hr max door to door

I need a property minumum 750sq ft with parking let's say can do 20% deposit

I need a car, something middle of the road let's say £400 a month on lease

Eating out / entertainment let's say £1k a month

I don't want to live where I'll get stabbed or shot on a daily basis.

£500 a month for unexpected stuff


£120k a year?

[MajorProblem]

£250 a week ain't gonna go far getting meals out / going places etc.

[MajorProblem]

Exactly it's FA. A meal and drinks is gonna be minimum £100 for two unless you go to maccy d's.

[MajorProblem]

In the OP it says a reasonable life so I would not class that as renting a room, walking everywhere and raiding through bins for my lunch.

[MajorProblem]

Surely if you were interested in cars then you'd want a car, perhaps not to drive in town but maybe trips out, trackdays etc. £400 might be a bit rich though, probably nearly half that and still have fun.

[MajorProblem]

So probably double the national average wage really. Suppose easily doable especially with two incomes.

[MajorProblem]

Jonathan27 said:

True, but you don’t need to go out for dinner ten times a month.

You'd probably go out Friday night then do something at the weekend also, doesn't have to be eating. Easily spend the money.

[MajorProblem]

ferrariF50lover said:

Just so we're all clear:

MAJORPROBLEM IS CONSIDERABLY RICHER THAN YOU. I SAY AGAIN, MAJORPROBLEM IS CONSIDERABLY RICHER THAN YOU!

I love a very average life in the north thanks, oh and my Bentley seems to be a £500 honda civic pushing 180k miles.

I just find it fascinating the amount of you need to live down there.

Re the £100 meal, your going to need a taxi / tube there and back plus drinks plus meal gotta be £100 easy.

[MajorProblem]

Didn't think of that.

Drink driving

Parking

Congestion charge?

[MajorProblem]

DanL said:

This explains your confusion. You're comparing living out of London with living in it, and making some assumptions about travel, etc. that don't hold.

I agree, I do not know that's why if asked.

[MajorProblem]

It's the British way, hating success.