40 grand a year

[Howmanytimeshasshesaidimnotgonnalie]

Would you consider this a good wage?

Could you live on it fairly comfortably?

Two adults, one dc and dog, South west, renting

Total household income is £40k after tax?

@Woollypullover Yes

Not bad if the kid is in school.

We lived on far far less two adults one child we got benefits but literally only enough to cover food (which I was and am extremely greatful for)
No extras, hair nails all that crap... I made it a job to buy good quality reduced food and lovely clothes but second hand.

The biggest issue was no shavings for boiler stuff and our boiler was about 20 years old.

@Overtheatlantic Dc in school.

No, I'm sorry to say but absolutely not.
2 adults and 1 dog (no dc) in the North West. Household income is over double what you suggest and we are barely comfortable

@Okonomoyaki Are you serious? That’s worrying

I would also say it’s a bit tight, if that’s the whole household income.

Cue the rush of the deluded rich of Mumsnet to tell you it’s a pittance. Keep in mind that the average household income in the UK is £37K, so it’s slightly more than average (assuming you’re single).

No way, that's a wee bit less than half of our household income. We'd need to move to a smaller house and lose a car. Even as things are we struggle to afford holidays etc, and won't be having one until 2026.

Very much serious. Small 3 bed semi in a 'nice' area, but no parking and tiny garden.
Two basic European city breaks a year, plus a UK week away with dog.
Try to do a long haul every 5 years or so.

Op I've just told you we had a around 20 grand and benefits that covered food.
We managed.

It’s all relative though isn’t it? We’re also on over double that, and get by just fine. We have a child, mortgages, a smallholding and lots of animals. We don’t struggle. We would on a combined income of 40k, and just wouldn’t be able to manage.

If you can afford your bills, to feed and clothe yourselves and have some extra for savings and pleasure, then yes, it's a good enough wage.

This. Bloody hell.

everyone’s different but a vast amount of the population have less than this. It’s impossible to tell OP without listing your mortgage/rent and bills etc with budget

South West? It seems a bit tight.

The amount is below average household income in an area with quite high costs.

All depends on incomings vs. outgoings. What's the rent, any debt, travel costs etc.

Why? Unless you’ve taken out a mortgage you can’t afford.

So the rent looks to be around £1500-£1700

This would just be my partners wage to begin with, then I would likely earn around £28-30 later on. I’m just interested in the initial 40,000 and how that would be.
We have a house and mortgage in another country, but would be renting that out
I have zero idea about bills etc in the U.K.

@Okonomoyaki What’s your mortgage/rent, if you don’t mind me asking?

It’s not clear whether this is before or after tax? As a gross salary it’s doable but you won’t have much left for luxuries. As a net income it’s pretty good.

I live in the south west and am
In a shared ownership house, it's comfortable for dd and I.

I think it would be tight to support two adults and a child on but not impossible.

@pastlives After tax

Per wage earner? Just about comfortable but not wealthy.

Whole household? No that’s not really enough.

We managed fine on somewhat less than that for several years until we were on two salaries again - actually probably pretty similar due to inflation- but it wasn’t enough to not have to be quite careful with money. An extra £18k part time second salary made a big difference - holidays, eating out, day trips with entrance fees, extracurricular stuff etc

That's more than the average gross household salary for the U.K. so yes it's doable.

It will be fairly tight but how much rent is varies so much as to how much is left for extras