Salary in London?

[Anonymous]

Ha, it's so funny that Americans constantly think Europe is some kind of utopia and they always say they'll move there......until they they learn salaries are extraordinarily lower. UK is known for trash wages. Not many households at all approach $100K USD. If I were moving to UK, I'd imagine a 50% paycut or more, plus way higher taxes.

[Anonymous]

Anonymous wrote:Ha, it's so funny that Americans constantly think Europe is some kind of utopia and they always say they'll move there......until they they learn salaries are extraordinarily lower. UK is known for trash wages. Not many households at all approach $100K USD. If I were moving to UK, I'd imagine a 50% paycut or more, plus way higher taxes.

OK so the problem is if you were American you may have student loans and you don’t have free healthcare and your children won’t have cheap or free college because you aren’t actually European. The people who are European and living in Europe have these things. The Americans there as expats for a few years won’t.

[Anonymous]

I’m British. It will depend very much on your field. What type of job are you interviewing for? For me, I work for a large non profit and a mid management position here and earn about $140k. In London for a similar job I’d be lucky to get half that. Lawyers at big firms also earn a lot less. Taxes are not generally higher when you take into account state taxes and property taxes and sales taxes. I was over last month and couldn’t believe how much lower grocery prices were. Housing prices outside London are also much, much lower than here - even though they are extortionate in central London. For example my parents live a 35 minute train ride from central London in a very picturesque town and you could rent a house with yard and a few bedrooms for less than $2k a month. If you work from home a day or two a week that is completely doable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ha, it's so funny that Americans constantly think Europe is some kind of utopia and they always say they'll move there......until they they learn salaries are extraordinarily lower. UK is known for trash wages. Not many households at all approach $100K USD. If I were moving to UK, I'd imagine a 50% paycut or more, plus way higher taxes.

OK so the problem is if you were American you may have student loans and you don’t have free healthcare and your children won’t have cheap or free college because you aren’t actually European. The people who are European and living in Europe have these things. The Americans there as expats for a few years won’t.

Free healthcare and education are not rationed by nationality. If you live in the UK you get them. The NHS doesn’t even have a mechanism for billing you! And university is no longer free but if you meet the residency requirements you get the same rate as everyone who lives in the UK.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How do you even afford 1.2 million house on 250k HHI?

OP here. 50% down payment and very low interest rate.

Ok well if you have rich parents why are you stressing

She didn't say she paid $1.2M, she said its worth that. My house is worth $1M and I paid $600k and have a 2.25% interest rate. Focus on the actual question.

OP, I'd need to know what a decent townhouse/apartment costs before I could really answer this question.

Someone with that low of income didn’t pay 50% DP without major outside help BFFR

[Anonymous]

Anonymous wrote:I’m British. It will depend very much on your field. What type of job are you interviewing for? For me, I work for a large non profit and a mid management position here and earn about $140k. In London for a similar job I’d be lucky to get half that. Lawyers at big firms also earn a lot less. Taxes are not generally higher when you take into account state taxes and property taxes and sales taxes. I was over last month and couldn’t believe how much lower grocery prices were. Housing prices outside London are also much, much lower than here - even though they are extortionate in central London. For example my parents live a 35 minute train ride from central London in a very picturesque town and you could rent a house with yard and a few bedrooms for less than $2k a month. If you work from home a day or two a week that is completely doable.

British too and I agree about the taxes. It’s annoying to continually read the that people think taxes are much higher in the UK. They really aren’t!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Ha, it's so funny that Americans constantly think Europe is some kind of utopia and they always say they'll move there......until they they learn salaries are extraordinarily lower. UK is known for trash wages. Not many households at all approach $100K USD. If I were moving to UK, I'd imagine a 50% paycut or more, plus way higher taxes.

OK so the problem is if you were American you may have student loans and you don’t have free healthcare and your children won’t have cheap or free college because you aren’t actually European. The people who are European and living in Europe have these things. The Americans there as expats for a few years won’t.

Free healthcare and education are not rationed by nationality. If you live in the UK you get them. The NHS doesn’t even have a mechanism for billing you! And university is no longer free but if you meet the residency requirements you get the same rate as everyone who lives in the UK.

But they’re not necessarily going to stay long enough to benefit from all that and they may already have student loans. British lawyers don’t take out 300k in loans to go to law school

[Anonymous]

Anonymous wrote:

Anonymous wrote:I’m British. It will depend very much on your field. What type of job are you interviewing for? For me, I work for a large non profit and a mid management position here and earn about $140k. In London for a similar job I’d be lucky to get half that. Lawyers at big firms also earn a lot less. Taxes are not generally higher when you take into account state taxes and property taxes and sales taxes. I was over last month and couldn’t believe how much lower grocery prices were. Housing prices outside London are also much, much lower than here - even though they are extortionate in central London. For example my parents live a 35 minute train ride from central London in a very picturesque town and you could rent a house with yard and a few bedrooms for less than $2k a month. If you work from home a day or two a week that is completely doable.

British too and I agree about the taxes. It’s annoying to continually read the that people think taxes are much higher in the UK. They really aren’t!

Well the government takes a lot more out of your paycheck. Keep in mind that some posters also live in lower tax states. I’ve read many articles and papers on tax burdens and don’t see how taxes are lower in the UK. The top tax bracket starts out at a much lower salary and is 46%.

[Anonymous]

For my employer jobs at about your spouse's salary pay in the area of 2/3 in London versus DC. Sometimes they'll keep you on your DC pay for a few years but then bump you down if you stay in London. We would not give any tuition support for an English speaking country.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I’m British. It will depend very much on your field. What type of job are you interviewing for? For me, I work for a large non profit and a mid management position here and earn about $140k. In London for a similar job I’d be lucky to get half that. Lawyers at big firms also earn a lot less. Taxes are not generally higher when you take into account state taxes and property taxes and sales taxes. I was over last month and couldn’t believe how much lower grocery prices were. Housing prices outside London are also much, much lower than here - even though they are extortionate in central London. For example my parents live a 35 minute train ride from central London in a very picturesque town and you could rent a house with yard and a few bedrooms for less than $2k a month. If you work from home a day or two a week that is completely doable.

British too and I agree about the taxes. It’s annoying to continually read the that people think taxes are much higher in the UK. They really aren’t!

Well the government takes a lot more out of your paycheck. Keep in mind that some posters also live in lower tax states. I’ve read many articles and papers on tax burdens and don’t see how taxes are lower in the UK. The top tax bracket starts out at a much lower salary and is 46%.

No the government does not take a lot more out of your paycheck. Here you have deductions for state tax, social security and federal tax. Here I pay $15k a year in property tax. My parents pay less than $2k and their house is about the same value. You also don’t have health insurance taken out of your pay check. You really don’t know what you are talking about.