Is 30k a good salary in UK?

£30,000 puts you into the top 60\% of earners in the UK. So comparatively it is a good salary. The problem is cost of living is high so that £30,000 isn’t going to go very far.

How much does it cost to live in Cambridge UK?

Summary about cost of living in Cambridge, United Kingdom: Family of four estimated monthly costs are 3,232$ (2,448£) without rent. A single person estimated monthly costs are 918$ (695£) without rent. Cambridge is 28.23\% less expensive than New York (without rent).

How much does the average 30 year old have saved UK?

The average UK savings for 30 year olds is around £8,000 of net financial wealth (savings like current and savings accounts, stocks, bonds, etc. less financial liabilities), but the median figures are in the range of £500 to $5,000.

Is Cambridge a nice place to live?

Cambridge has plenty of upsides. It has nice parks, great places to cycle and good schools. The transport links to London and other nearby towns are also very reliable and crime levels are generally low. On the downside, it is an expensive city, there’s high traffic congestion and parking is also bad.

How affordable is Cambridge?

Recent research by NatWest shows that Cambridge is the second most affordable city in the UK for students to live in, with a tabulated Student Living Index (SLI) of 0.70. Cambridge remains top for contributions to monthly income from bursaries and scholarships at £180.40, more than twice the national average of £88.90.

Is 32K a good salary to live in Cambridge?

No, it’s not. In Cambridge, you will be on a poverty line with 32k (gross). Let me break it down. With 32k, after-tax you will get £2100. You will pay a minimum of £1000 rent, £200 council tax, £400 food expenses, and rest goes to all utilities, transport, clothes, and miscellaneous.

How much after tax do you get on 32000 a year?

If your salary is £32,000, then after tax and national insurance you will be left with £25,400. This means that after tax you will take home £2,116.67 per month, you may have additional income from child benefit or tax credits but will not be significant amounts if anything.

Can I live on £30K a year in London?

I live on just over £30k a year in London and have done so for over 20 years however it’s not easy. Your biggest expense will be rent. These days you probably won’t be able to afford even a studio flat and will probably rent a room in a shared house.

Is 35k a good salary to rent a flat in London?

Yes, It’s generally known among londonners that a minimum salary of £30–35k is around par. Be prepared to sacrifice 40–50\% of your income to rent within Zones 1–3 of the tube. (If you want to live in a decent area).