Is £25,800 annual gross wage good? 2024

[GCOG]

I work 35 hours. One day from home. I enjoy my job. Just interested to see what others think. Can't find much on Google. Thanks xx

Obviously depends on your qualifications, experience, levels of skill, levels of responsibility etc etc

If you're 18 and live in Middlesbrough it's good. If you're 38 and live in London, it's poor

Depends on where you live and what your outgoings are.

Some people earn a massive wage and look amazing on paper, but their outgoings are extremely high. Whereas someone else could earn a NMW job and have barely any outgoings and feel well off.

I think people need to get over what a good or bad wage is to be fair 🤷‍♀️

No, it’s £10k under average & NMW is £24k all but a few pounds

I think people need to get over what a good or bad wage is to be fair 🤷‍♀️

people have, that’s why wages are so low, the average house is 8x an average wage whereas 40 years ago it was 3.8x

They never said anything about houses. Just asking if it was a fair wage!

Again, depends on circumstances.

Yong, single, or living in an expensive place, reasonable. Otherwise, no.

I feel you’re somewhat missing the point, she’s not asking if it a good wage for her lifestyle or if she can afford to live on it. She’s asking if in general it’s seen as a good salary . In addition, outgoings are a personal choice.

the truth is anyone earning less will likely see it as a good wage,anyone earning more, will not.

But in terms of stats, it’s significantly below the average and just slightly above national min wage. So no. It’s a low earner..

but in some instances it is a good salary . It can be a good salary for a young person in their first role. It can be a good salary for someone doing a fairly basic admin or relatively unskilled role . There is many situations it would be a good salary, depending on the context. That doesn’t mean the person still isn’t a low earner, more the salary is good for what they do.

That was my salary when I got my first graduate level job in 2001 so not really. But I don't know what kind of job you do.

I dont think I am, but whatever!

I feel you’re somewhat missing the point, she’s not asking if it a good wage for her lifestyle or if she can afford to live on it. She’s asking if in general it’s seen as a good salary

But she is asking 'is it a good wage?' and it is completely relevant to whether she is 17, just out of school, having no qualifications, only a couple of GCSEs, her spelling and grammar are poor, maybe understanding of English is poor, maybe literacy skills are poor
or
if she has 10 excellent GCSEs, the 3 great A levels, then spent a further 4 - 7 years studying at University, then maybe got work experience in that profession. Maybe has an additional skill such as being fluent in 3 languages.

Okay, obviously extremes to demonstrate a point, but whether that is a good wage depends on all those factors. (Plus others)

My point exactly, thank you 👍

Which is literally what I wrote

So how did I miss the point then? 🤔

Goodness me, read back the thread

😆 I don't need to. Contradicting comes to mind.

For a 35 hour week it's a higher hourly rate than a newly qualified doctor....

How can anyone say whether its a "good" wage when we don't know what tasks/responsibilities you are paid for?

Does your employer do any annual/bi annual salary benchmarking?

When you look at job sites for similar roles are they similarly paid?

You must have been an outlier then or wages dramatically decreased over the next decade because when I came out of uni in 2010 most grad schemes were offering £20-£25k (with £25k being for the most selective and hard-to-get for general degrees, such as the schemes in retail banking).

How much experience do you have?

If entry level it's fair but nothing crazy. If you're experienced in a professional role then I'd say no?

Really depends!

OP it's not a great wage on the grand scheme of things but it's not terrible either and you can get a small mortgage on it according to Halifax so it's not a dire situation by any means.

No. It’s low wage. If you love your job and it affords you what you want, the fact it’s low paid is irrelevant.

You must have been an outlier then or wages dramatically decreased over the next decade because when I came out of uni in 2010 most grad schemes were offering £20-£25k (with £25k being for the most selective and hard-to-get for general degrees, such as the schemes in retail banking)

It was a graduate scheme at a retail bank. I'd like to say I am a high flyer but I'm not really. Wages barely moved for about 10 years at one point though so that high starting salary isn't particularly reflective of my salary now. Although at that point I do remember a lot of people in my position earning a similar wage.

The full time equivalent is less than I earned in my first full time job 19 years ago, and the cost of housing, utilities and food has probably doubled since then. The fact that minimum wage has done so little to keep pace is appauling.

I’ve just used salary calculator (it is spot on) as it has calculated my salary correctly -
Your net pay on a salary of £25,800 will be £1820 give or take…. that isn’t including any pension or other deductions.
It all depends what your financial situation is like and down to individual circumstances. Some people can live comfortably on that salary, others may struggle, most certainly if it is a one income household.