Do you consider £5000pm take home pay a good salary?

I think that is good and I live in London so am aware of the prices.

Around £90k per annum but depends what the job is and the going rate. Also depends on expenses mortgage rent childcare ect

Yes

It would depend on your circumstances, is it for one person who is renting, or would it include mortgage payments? I’d say a first time mortgagee would struggle on that salary now mortgage interest rates are high, a tiny flat in London costing £500k would have a mortgage of over £2.5k per month.

I think it's probably moderately acceptable.

It’s certainly in the top 5% of earnings, so yes.

Good grief yes

On the lower scale of yes, as if it's for a single person or a couple both earning that amount, probably ok , but one wage earner with children probably not these days. It looks a lot to us but London rents are so high then throw in all the expenses that go with children. So probably need a bit more.

Yes

Yes and I too am aware of London prices as I’ve lived here all my life.

It would depend on further information, but no, not especially good in London.

Yes!

Blimey - in the North East, that’s a fortune! Most couples don’t bring that much home between them.

Probably not for London.

Visgir1

Probably not for London.

Unless you’re a nurse or junior doctor. Then we have the cleaners, bus drivers, hospitality workers etc etc.

ONS’s Annual Survey for Hours and Earnings – the latest edition of which was published on 1 November 2023.

The median average weekly full-time wage in the UK is £682 (gross)

It’s impossible to say without knowing what outgoings the money has to cover and how many people it has to look after.

Definately not for london. The rents are about £3,000 per month.

There is no way you could live comfortably on the UK median wage in London Norah. I’ve got young relatives who work in the city and try, in multi occupancy flats, it’s a real struggle.

*Purplepixie" the 3 bedroom house next to mine is on the market for £1850 and this is classed as a reasonable area in London. The school where a few past PMs were educated is within walking distance.

Yes

Yes, more than good and I live just on the London border.

https://www.gransnet.com/uploads/talk/202401/medium-432658-screenshot-2024-01-15-at-18-56-32.png https://www.gransnet.com/uploads/talk/202401/medium-488758-screenshot-2024-01-15-at-18-59-10.png

I'm not sure what the point of the question is, but a take-home salary of £5000 a month is equivalent to £86,545 a year, and the mode average is about £23,000 a year.

So whether or not I think it is a good salary, it is more than three times what the average UK worker earns.

Compared to my income, it's a fortune. Surely, even in London, you can live comfortably on £5000 per month.