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

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!

It sounds good but of course it depends on so many factors. One of the biggest is housing. The average house price in London is over £700,00, in Liverpool it is around £200.00.
Living mid country I notice general prices can be quite different south (higher) and north (lower).

Is it the salary of a London MP?

I agree with you £5000 net a month is great. Especially for one person. My dd and her dh both work in difficult and stressful public sector jobs, but bring home much less but with an even higher mortgage. London borders.
Maybe instead of looking up at their £8000 pm net friends it might help if they appreciate they are a lot more comfortable than most.
Lucky them.

Dh worked in oil industry so my perception is probably a bit skewed. A project manager earns upward of £140.000 pa. Some of the family are senior teachers/depute heads (secondary) and their salary is over £72000 pa. 5k pm is not an unreasonable figure but very much depends on where in the country you live and associated costs.

I would advise her to get a job if it’s not enough for her!

To some YES to others NO, all depends on the actual outgoing expenses.

The vast majority of people have to keep their outgoings to significantly less than £5000 a month. I'm sure most people could increase their outgoings to that amount if they had it, but the fact remains that most don't.

well it's far more than 95% of the population have to manage to live on, comfortable or not.

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.

I think 5k a month take home could be fine in rural Suffolk, no mortgage, childcare - but as she tells you, in London, not comfortable.

Surely the question was " do you consider £5000 a good salary" the person's outgoings should not be considered just the fairness or otherwise of the salary. I would consider the responsibilities of the role etc.

Absolutely,

It depends on your outgoings vq, as everywhere.

Bloody fantastic (to me)!

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.

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

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.

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

Yes

*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.

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.

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

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

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)

Visgir1

Probably not for London.

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