equivalent of my salary in london

[slogger]

hi

im based in perth/ scotland and earn 41k p/a in a permanent role, I am applying for jobs in london and would like to know what should be my minimum salary if I transfer to london. , can I say that earning 51K in london is equivalent of earning 41K in perth/scotland? should i expect more than 51k?

will I be able to achieve same living standards if I earn 51k in london?


you can read below lines but dont have to

currently I pay £450 pcm for 3bedroom flat up here ( reasonable area, nice flat, fully furnished 3double bedroom etc...£720 incl all bills and free parking) I am happy with 1/2double bedroom in london as long as its located in a safe,quiet area and not more than 30 minutes away from place of work.

I assume £1200 ( £1500 inc bills) is sufficient for renting 1-2bedroom flat in a reasonably nice area of london(zone 2-4),

if above is corect then im going to need another 10k to cover accomudation cost. here is how its done ...

1500( new rent)-720(current rent) =£780(rent diffrences) * 12(1year) = £9360 (I will need this much extra to cover increase of rent each year)

what other expenses are there that I need to be aware of and take into consideration?

i dnt want to give myself a pay cut!



thanks

I'd double it .... I moved darn sarf 15 years ago, was on 28k in Manchester, got a salary of 48k in London and thought I'd be minted! I was wrong! Having said that I went contracting 3months later and was able to more than quadruple my manchester income, so worked out ok in the end.

[DimPrawn]

The only people in London that are happy are the seriously well off. Everyone sub £100K salary is as miserable as ****.

London, a great place for the wealthy to enjoy their wealth, a miserable place for everyone else.

[cojak]

The only people in London that are happy are the seriously well off. Everyone sub £100K salary is as miserable as ****.

London, a great place for the wealthy to enjoy their wealth, a miserable place for everyone else.

Not true in my case but there you go...

[DimPrawn]

Not true in my case but there you go...

Simpletons are often the happiest.

[Spacecadet]

Not true in my case but there you go...

Well off AND unhappy?
There's no pleasing some people!

[dundeedude]

hi

im based in perth/ scotland and earn 41k p/a in a permanent role, I am applying for jobs in london and would like to know what should be my minimum salary if I transfer to london. , can I say that earning 51K in london is equivalent of earning 41K in perth/scotland? should i expect more than 51k?

will I be able to achieve same living standards if I earn 51k in london?


thanks

Given that I know Perth well, I would say you would need to approximately double your current Perth salary to live vaguely similarly in London - although I do appreciate the social structure and lifestyle in both places are quite dissimilar.

Perth is a very, very (ad infinitum) cheap place to live.

[Old Greg]

hi

im based in perth/ scotland and earn 41k p/a in a permanent role, I am applying for jobs in london and would like to know what should be my minimum salary if I transfer to london. , can I say that earning 51K in london is equivalent of earning 41K in perth/scotland? should i expect more than 51k?

will I be able to achieve same living standards if I earn 51k in london?


you can read below lines but dont have to

currently I pay £450 pcm for 3bedroom flat up here ( reasonable area, nice flat, fully furnished 3double bedroom etc...£720 incl all bills and free parking) I am happy with 1/2double bedroom in london as long as its located in a safe,quiet area and not more than 30 minutes away from place of work.

I assume £1200 ( £1500 inc bills) is sufficient for renting 1-2bedroom flat in a reasonably nice area of london(zone 2-4),

if above is corect then im going to need another 10k to cover accomudation cost. here is how its done ...

1500( new rent)-720(current rent) =£780(rent diffrences) * 12(1year) = £9360 (I will need this much extra to cover increase of rent each year)

what other expenses are there that I need to be aware of and take into consideration?

i dnt want to give myself a pay cut!



thanks

Do you ever want to buy a house flat. Assume you have 20k saved for a deposit.

Look at 3 1/2 x income + 20k for Perth and London. See what you can buy. Even if you don't want to buy now, it tells you something of the dilemma.

If you are contracting on a decent daily rate, it's a different matter. London is a great place to live if you're young and child-free - I had the time of my life, but now I have kids, I'm happy out.