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what is a solid/excellent wage in current cost of living and economy for individual and family

38 replies

TidyHelper · 30/03/2025 20:53

Everything is much more expensive and cost of living is still painful.

What would you say is a solid/excellent wage both for an individual and family.

For both individual and family I would say:

Solid for me is 60k.

Excellent is 80k.

OP posts:
CherryBlossomPie · 23/04/2025 22:41

I'd love to know what people do for these jobs. Are they senior management level?

I'm middle management level on 43k.

It would be okay if I didn't have £320 of unsecured debt (credit card, car loan) a month. Council tax is high (£150) and that's even with discount. Plus live in a flat so £160 service charge. And it's Shared Ownership so I pay rent. But it's nice so that's a positive. Commute is also £200 a month.

DwayneTheRockJohnson · 09/05/2025 13:56

We have £89k between the two of us per year. I feel quite comfortable with that and after paying all bills, allocating money for food, fuel and savings, we usually have around £1400 a month left over for incidentals.

Statsquestion1 · 10/05/2025 06:35

CherryBlossomPie · 23/04/2025 22:41

I'd love to know what people do for these jobs. Are they senior management level?

I'm middle management level on 43k.

It would be okay if I didn't have £320 of unsecured debt (credit card, car loan) a month. Council tax is high (£150) and that's even with discount. Plus live in a flat so £160 service charge. And it's Shared Ownership so I pay rent. But it's nice so that's a positive. Commute is also £200 a month.

I think it depends on industry and job. Im
in a STEM role and starting pay is 40k, I’m one level up (not management) and on 50k

MotherOfCrocodiles · 10/05/2025 10:36

Hm well for us, comfortable would be a house with one room per child, which buying now would mean 3.5k mortgage in our area (luckily bought 10y ago and can extend so mortgage will be £1.5k)

Then Childcare which at its peak was £2.5k (two in nursery full time).

So that’s £6k per month (out of post tax salary) before paying for food/gas/water/council tax. Tight on joint income of £150k.

Upschittscreek1 · 10/05/2025 11:19

We live in the midlands, 3 bedroom end of terrace, which we bought 8 years ago our income combined is £53,000 and we have 2 children under 15, I've been questioning recently if we would be considered poor as we can't afford a car and scrape to afford a UK holiday once a year - by looking at these answers I guess we are!

caringcarer · 10/05/2025 12:01

Surely it depends where you live and what your outgoings are.

Ivyy · 10/05/2025 12:39

I’d also love to know what the jobs are that pay 80k upwards, senior management, law, finance, own business?

EnglishGirlApproximately · 10/05/2025 12:46

It's totally area dependent too. I'm on just under 50k and my partner on 40k, but we live in the east midlands and I'd say we are comfortable. DS has gone past the childcare years but even then was about £750 a month. We have a detached house in decent condition, 2 cars and 2 holidays a year as well as money to eat out, days out etc. DS has a couple of hobbies and we all have gym memberships
My colleague in London on slightly more than me is single and in a house share. Too many variables for a simple answer.

Blondebrownorred · 10/05/2025 13:50

Ivyy · 10/05/2025 12:39

I’d also love to know what the jobs are that pay 80k upwards, senior management, law, finance, own business?

I'm in finance, all my team are on at least £80k.

BuffaloCauliflower · 10/05/2025 14:03

@Ivyy my DH is on £83k, mid-senior management in compliance. He’s mid-30 with no 16+ education FWIW

boxofbuttons · 10/05/2025 14:34

BuffaloCauliflower · 30/03/2025 20:55

It’s entirely unhelpful to talk about income without talking about outgoings as well. £60k is great, until you’ve got a £2k a month mortgage and £1500 a month childcare, vs someone on the same wage with £500 mortgage and no childcare.

Exactly. DH and I earn 60k jointly - so neither of us are high earners - but we have a £650 a month mortgage and no children and own our car outright. We feel very comfortable month to month - we're not rolling it in but we're not scrimping and saving at any point, we go on nice holidays, etc.

Our friends who must be easily earning 100k jointly have a house twice the cost of ours for the same amount of space (they live in a much more expensive area) that they bought when rates were a lot higher than ours is and they lease two very nice cars. They're not complaining and they know full well it's a lifestyle choice to live where they do/drive the cars they do, but they definitely have less disposable money than us - their mortgage alone is nearly 3x ours a month.

littlemousebigcheese · 15/05/2025 14:52

Husband is on 180 + bonus, mortgage is 3000 but we have no childcare costs or commuting bills so is fine. Some months I worry about money but we also have a lovely life. Car each, caravan holidays, 5 bed detached house

IDontHateRainbows · 03/06/2025 06:24

On a combined income of 100k but mortgage is £550 a month no childcare as they are both secondary age and no cars on finance as they were bought outright. So probably got more in our pockets come ebd of the month than a family earning 150k

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