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What is a 'good wage'?

(133 Posts)
Laquitar Fri 08-Aug-14 00:06:57

I hear people saying 'i am on good wage/ i earn well' but then it turns out that some people mean 20k and others mean 100K.

What would you call a ' good wage', what a 'crap wage' and what a !succesful earner'?

QuintessentiallyQS Fri 08-Aug-14 00:08:02

<marks place on thread>

I would like to know, too.

And the town. A good wage in John O'Groats may be an average wage in London.

To live well I would need 25k+

Live in expensive area with no dc

Higheredserf Fri 08-Aug-14 00:18:04

For me in the Midlands and this is purely personal with no real basis but a wild guess.

Good 35k
Crap under 20k
Successful 50k plus.

HildaOgden Fri 08-Aug-14 00:19:20

It all depends on outgoings,surely?You could have 2 people on exactly the same salary,yet the one paying childcare,higher rent/mortgage etc will definitely feel more poorly paid as they don't have much left over for luxuries.

An excellent wage (in my opinion) is one where you don't have to query the price of buying something you want,you just buy it.

stillenacht1 Fri 08-Aug-14 00:19:31

For me in North Kent

Crap £20k
Good £50k
Great £70k

stillenacht1 Fri 08-Aug-14 00:20:00

As a part time teacher I will be on 16k next year....

milkysmum Fri 08-Aug-14 00:21:57

In my head <£20k not so great, around 35k good and > £45k got it made! Obviously depends on cost of living in your area , dependants etc.. I'm in west England by the way, 2 DC's

Namechangearoonie123 Fri 08-Aug-14 00:22:14

In south east

Rich = 500k
Really good wage = 100k
Good wage but no luxuries = 50k
Just afloat = 30k
Less = move further North

Shardlakelover Fri 08-Aug-14 00:22:46

I think in London with children to support, a good wage has to be upwards of £100k.

milkysmum Fri 08-Aug-14 00:22:47

Why do £ signs turn out so strange?confused

Floop Fri 08-Aug-14 00:23:05

I think number of kids matters too. My graduate salary in London was less than 30k, but I lived a queen. Then children happened, and the money doesn't stretch as far.

Suzannewithaplan Fri 08-Aug-14 00:23:27

Doesn't it also depend on what kind of lifestyle you aspire to, whether you are naturally inclined towards thrift or profligacy?

Suzannewithaplan Fri 08-Aug-14 00:25:02

One persons essentials are anothers luxuries

Laquitar Fri 08-Aug-14 00:25:28

Thank you

I dont mean how much do you need to live on.

When you hear 'good wage' how much do you straight think.

Higher #
i was thinking similar but i am in london. Should it be much higher in london?

ravenAK Fri 08-Aug-14 00:28:36

I'm in the North.

I'd say:

Crap <20k
Good 35k
Excellent >50k.

I'm an experienced teacher on 38k, dh also a professional on slightly less, & we have 3dc. Long way off from not having to count the pennies, since we sink them all into childcare & living in a drafty old doer-upper, but I'd class us both as decently paid.

TheSarcasticFringehead Fri 08-Aug-14 00:31:30

I'm in the us but I will do it based on what I thought living in London-

Crap <20k
Good 25-35k
Great >40k
Very/extra rich >60k

Higheredserf Fri 08-Aug-14 00:33:01

I think housing is so expensive in London that 50k wouldn't go far.

My friends house which is very similar to mine in London is worth approx 500k, mine is work about 200k at a real push.

BiggerYellowTaxi Fri 08-Aug-14 00:34:21

I considered myself to be on a "good wage" at £30,000. I live in the North and DH earns similar. But I'm now on £40,000 and with 2 children going into child care when I RTW money will be tight until DC1 starts school.

happybubblebrain Fri 08-Aug-14 00:40:19

My employers have told us for the past 12 years that we are on a "good wage", this is why we haven't had a pay rise for over 10 years, not even 1%.

We earn under �16,000 full-time.

I think everyone has a different idea of what a good wage is.

Lally112 Fri 08-Aug-14 00:44:12

North of Scotland. DH and I manage semi comfortably living wise on less than 30,000 a year but think if we had maybe 35,000 a year things would be easier. For when the MOT comes in on each car at £500+, the TV breaks and cant be repaired (had no tv for a month now), The roof tiles get blown off and there the excess to pay on the buildings insurance etc.

Laquitar Fri 08-Aug-14 00:44:20

TheSarcastic
have you moved very long time ago? :P

Wow amazing that some people say over 100K for good wage!

silversixpence Fri 08-Aug-14 00:50:40

Good wage 50-60k

silversixpence Fri 08-Aug-14 00:51:23

However we are in London, so here a good wage would be over 80k

PhoebeMcPeePee Fri 08-Aug-14 00:51:38

In Kent with experience of living in all salary bands listed below:
Well off: £80k+
Comfortable: £50k+
Managing ok: £35+
Struggling: sub £30k

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