I have earned 100K in the past it is a lot of money I have now paid of my mortgage and live comfortably on a third of that because I chose to drop income for more free time, having paid into my pension I am fortunate to be able to do that. My sister lived and worked in London for years she has since moved on but her job would now be about 70K
no-one is saying 100k pays for private education or 3 cruises a year or a ferrari each or wining and dining every night, We know it is not footballers salary where some seem to get that per week
we are saying its a good salary it is top 2% of salaries and top 7% in london and southeast so objectively it is a good salary even for the capital
no-one is disputing that some people may have very large bills in London and consequently fel they do not have as much spare cash,
also a headteacher on 100K in London will have less discretionary spending than the headteacher in Hull on 93K ( despite the London weighting)
neither is anyone saying that 100K doesn't go a lot further in some areas than others,
where I currently live a decent 3 bed house in nice area is about 300- 350K a (similar house in Croydon or Redhill would be 600-650K) and the local private school day fees are approx £19000 including VAT so if you had just 1 child you could probably afford private school whereas in Redhill you could not
I'm in Scotland so take home on 100K is less than England it is approx 65K or 5400 per month
in our area mortgage on 350,000 house with 300k mortgage for 25 years
mortgage 1600
council tax band F plus water plus sewerage 316 ( this are combined in Scotland)
obviouly leaves you with 3400 for food bills utilities transport etc
you would not have 3400 left in London / Surrey after mortgage for similar house but that doesn't mean that 100K is average for Redhill it is still a good salary and double the median so even in London and Surrey the vast majority of people (93%) you see on the street will have less than you