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

Yes

Of course it is!

It's a massive salary, 3x average, and in the top 5% of earners.

Depends on what you were having to do for it and what your expenses are.

As it is net income and even in London it seems a good income. Not necessarily a reasonable income as depends on how its earned.

Absolutely!

Well,.that, split 52 weeks, is more than the government gives me to look after my mum full time, so yes, very good per month!

Good Grief Yes. Google the average salary in London before tax The Office of National Statistics say in 2023 London average salary £40,000 a year. I have lived most of my life in London. Still in London now. Not sure what disposable income Gransnet community live on but I know many London pensioners who are surviving on just the state pension.

Yes. Even after taking out the costs you give. I think it's definitely good for one person and good enough for a family - there are lots of savings if you are at home too.

Some of my adult children think they "need" a lot more than others though. If you mix with people who buy brand new cars and holiday a lot you may see a pretty decent salary as not enough.

One of my "girls" lived in london and was a SAHM till the baby was 4. She is now working part time in a more flexible but much less well paid role. They are only little once and it passes quickly. She doesn't regret not having had the same freedoms/ treats/holidays as she did when they were on two full time salaries, and nor does her husband.

I think if they are managing to buy a house in London they are doing OK.

Y E S !!!

I live in London and thats more than double my take home salary!

Imo and generally speaking £5k pm is just about manageable in London and the home counties, but great in the Midlands and further north.

Yes I think perfectly adequate don't forget there are plenty of people who live in london and bring home less!

Depends on how many in family, cost of rent or mortgage, travel to work costs, standard of living expectations, etc.

Yes - more than adequate

Goodness yes

It’s a good wage, definitely. But the couple are feeling the pinch because it’s stretching to cover a SAHM. A tight budget but down to choices. Perhaps mum could do a couple of evenings work in a bar/call centre or a Saturday morning to boost the family income? If not then it is what it is - for the time being as sacrifices have to be made in the short term.

I think your daughter needs some different friends if she's feeling out of her comfort zone, however much income they have each month 🤔

That’s a huge salary so yes. My kids work in London in very good jobs and they’d be over the moon to earn that much. The median UK salary is around £35k including in areas that aren’t far off or equivalent to London prices. With respect I think people really need a reality check if they think £100,000pa isn’t a massive salary.

like? That was supposed to be imo

We lived in London when our children were small and it certainly wasn't comfortable. We managed, just about, like many young families

Those who are living a comfortable life in London whilst bringing up a young family are, like, very lucky indeed!
Perhaps expectations are higher now.

Callistemon21

Kandinsky

It’s my daughter’s salary ( well her husbands, she’s a stay at home mum ) & she said to be comfortable they need about 6500 a month. Plenty of her friends are on about £8000 pm but they both work full time.
Her mortgage is £1700pm. If she was paying for childcare that would be another £1500pm.
I personally think 5k a month is a great salary - but apparently not.

The problem with going back to work when the children are young enough to need care is that nurseries are very expensive, working itself involves costs eg travel, business clothes and many other general expenses and juggling work with childcare can be very stressful.

Unless your DD is worried about missing out on promotions etc then staying at home for just a few years, if they can afford it, is probably a good idea. Or both psrents try to work flexible hours.

I know some posters will censure me for saying that. 🙂

Ignore those who boast about their high salaries. It's vulgar to talk about religion and money!

No censure here.

As a sahm/person I quite agree.

I wanted to raise our children, not send them out to care, not pay for work expenses, and surprise, our children felt the same.

High salaries are just high salaries, no basis for family happiness.

flappergirl

It would even be a good salary in Bristol which is very close to London prices. For example £5.00 for a bag of chips from the chippy and £7.00 for a pint of beer, £10.00 for a glass of wine. Rents are around £1,600 for a studio flat (basically a bedsit) if you can find one!

That's why they're all moving over to Wales!

Kandinsky

It’s my daughter’s salary ( well her husbands, she’s a stay at home mum ) & she said to be comfortable they need about 6500 a month. Plenty of her friends are on about £8000 pm but they both work full time.
Her mortgage is £1700pm. If she was paying for childcare that would be another £1500pm.
I personally think 5k a month is a great salary - but apparently not.

The problem with going back to work when the children are young enough to need care is that nurseries are very expensive, working itself involves costs eg travel, business clothes and many other general expenses and juggling work with childcare can be very stressful.

Unless your DD is worried about missing out on promotions etc then staying at home for just a few years, if they can afford it, is probably a good idea. Or both psrents try to work flexible hours.

I know some posters will censure me for saying that. 🙂

Ignore those who boast about their high salaries. It's vulgar to talk about religion and money!

I'm a Londoner and both my kids earn less than that but they think they're on good money. They both earn around £60k per annum. One is married and his wife also works, the other is still single. They're opinion is your Daughter doesn't know how well off she is and needs to give her head a wobble.