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

(165 Posts)
Kandinsky Mon 15-Jan-24 16:38:40

Just that really.

Just a quick yes / no answer is fine.

This is a London salary by the way so everything here is expensive!

Charleygirl5 Mon 15-Jan-24 16:44:47

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

rosie1959 Mon 15-Jan-24 16:49:45

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

Dinahmo Mon 15-Jan-24 16:52:11

Yes

Casdon Mon 15-Jan-24 16:54:15

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.

Norah Mon 15-Jan-24 16:55:21

I think it's probably moderately acceptable.

Siope Mon 15-Jan-24 16:55:25

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

BlueBelle Mon 15-Jan-24 16:55:46

Good grief yes

62Granny Mon 15-Jan-24 17:15:18

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.

Shelflife Mon 15-Jan-24 17:33:36

Yes

tanith Mon 15-Jan-24 17:34:46

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

Joseann Mon 15-Jan-24 17:48:46

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

Oldbat1 Mon 15-Jan-24 17:49:36

Yes!

Georgesgran Mon 15-Jan-24 17:50:41

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

Visgir1 Mon 15-Jan-24 17:54:01

Probably not for London.

petra Mon 15-Jan-24 17:59:30

Visgir1

Probably not for London.

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

Norah Mon 15-Jan-24 18:07:30

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)

Germanshepherdsmum Mon 15-Jan-24 18:08:42

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

Purplepixie Mon 15-Jan-24 18:13:02

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

Casdon Mon 15-Jan-24 18:13:51

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.

Charleygirl5 Mon 15-Jan-24 18:31:00

*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.

JaneJudge Mon 15-Jan-24 18:36:49

Yes

silverlining48 Mon 15-Jan-24 18:59:12

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

Doodledog Mon 15-Jan-24 19:01:29

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.

vampirequeen Mon 15-Jan-24 19:03:07

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