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[quote=Anonymous]I lived in London for 6 years working for an American financial services firm whose name everyone on here will probably recognize.

For the first 2 years, I was on an expat package.  It was cushy, I have to confess.  Company pushed me off after 2 years, and for the last 4 was a "local".  When I "localized", I was shocked by the drop in overall compensation.  It was a mix of having the expat package, but also how low the local salary was.  Other Americans felt the same.

Ergo, based on my limited sample set, salaries between London vs. NYC (for the same role) - definitely higher in NYC.  So basically lower pay while paying more in taxes.  Yes, it was still decent pay but overall there was definitely a drop versus what I made in the USA.  At the very least there is a US/UK tax equalization treaty so you aren't double taxed.

London is a world class city.  Anything you want, it's there. It can be expensive for sure, but you learn how to cut corners and to save cash here and there.  You need to match your lifestyle to your comp, just as you would here.

Side note: no American that I knew ever, ever gave up their passport after 5 years.  Comment above mentioning that is truly stupid. Don't do this.  ("US immigrants to London"??  LOL)  Many in fact get UK citizenship after a while and became dual citizens.

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