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£21,500 - the average cost of living in the UK

Discussion in 'Speaker's Corner' started by cosmogenesis, Apr 19, 2008.

  1. Mickey

    Mobster

    Joined: Oct 18, 2002

    Posts: 3,157

    Location: Leeds

    Well it says the cost of living, not a salary. I'm taking it as meaning after tax.

    EDIT: It's talking about outgoings too, not income.
     
    Last edited: Apr 19, 2008
  2. Rosbif

    Wise Guy

    Joined: May 29, 2006

    Posts: 2,278

    Location:

    I took the figure to be what it costs to live, which effectively means after taxation.

    I'm not exactly thrilled by my calculations that it looks like you need a 35-40k salary to live (as a property owner) ;)

    I did admittedly try to shove in as many expenses as I could think of, especially ones that are quite often hidden (i.e. one offs, redecorating, replacing furniture, car depreciation)

    I also factored in a pension of 10%

    The picture changes dramatically when you share the costs between two people though.
     
  3. zophiel

    Wise Guy

    Joined: Feb 3, 2006

    Posts: 1,378

    Location: Glastonbury

    Could these increase also not be due to the new tax differences hitting most people as of this month.
     
  4. bigredshark

    Man of Honour

    Joined: Jun 30, 2005

    Posts: 9,516

    Location: London Town!

    Not really, for all the moaning virtually nobody will be affected by more than a couple of hundred quid a year.

    And these figure are presumably after tax. Though when I said 30k I was meaning salary, so about 24k would be my estimate for london, for basic cost of living (no car etc)
     
  5. Glaucus

    Man of Honour

    Joined: Mar 11, 2004

    Posts: 76,645

    If that's after tax, that's way to much. Unless your buying a house considerably more than the salary x 4 rule.
     
  6. iBot

    PermaBanned

    Joined: Sep 12, 2005

    Posts: 3,309

    Location: England

    I'm churning out £1800 a month every month. Its depressing. That includes mortgage, food, cars etc
     
  7. Bear

    Capodecina

    Joined: Oct 24, 2002

    Posts: 12,335

    Location: Bucks and Edinburgh

    If that, I was watching question time the other night and there was a postman that was on £13k a year and he reckoned it was £7 a month worse off.
     
  8. bigredshark

    Man of Honour

    Joined: Jun 30, 2005

    Posts: 9,516

    Location: London Town!

    I'm doing much the same, but I don't have a mortgage and my car is off the road at the moment so I'm not paying anything there (I just don't need it in london).

    Thats not the cost of living though, thats the cost of my lifestyle and I'm saving almost as much as I'm spending so I'm not too bothered by it.

    Does anybody know how they define the cost of living? ie. whats included and what isn't?
     
  9. iBot

    PermaBanned

    Joined: Sep 12, 2005

    Posts: 3,309

    Location: England

    Hm, Well for PURELY cost of living I'd say its about £1200 a month. Thats for housing, food and transportation to work/school for 4 people.
     
  10. dirtydog

    PermaBanned

    Joined: Oct 18, 2002

    Posts: 47,398

    Location: Essex

    Yes and £84 a year to someone on an already poor income, already trying to cope with the extortionate cost of living in Britain, is not as insignificant as you presumably think.
     
  11. Glaucus

    Man of Honour

    Joined: Mar 11, 2004

    Posts: 76,645

    I'm not sure how you can define it. You need to work out average family size and average mortgage costs.

    for example cost of living will be much higher for single people living in London, than a family with two parents in Scotland.

    Is there an actual article? or is it something the Op calculated?
     
    Last edited: Apr 19, 2008
  12. Edinho

    Mobster

    Joined: Sep 29, 2003

    Posts: 4,154

    Location: Not darn sarf

    The cost of essentials is about 9-10k for me including a mortgage of about £430 pm
     
  13. bigredshark

    Man of Honour

    Joined: Jun 30, 2005

    Posts: 9,516

    Location: London Town!

    We've been here elsewhere, £84 a year is £7 a month, less than £2 a week. I can't believe that a difference to anybody, no matter how low their income.

    Have one pint less a week. You've just saved more than you lost, job done.
     
  14. bigredshark

    Man of Honour

    Joined: Jun 30, 2005

    Posts: 9,516

    Location: London Town!

    I doubt I could live on that on my own, £600+ a month for rent, £100+ on travel, £200 on food as a minimum. Thats £900 already.
     
  15. cosmogenesis

    Mobster

    Joined: Mar 15, 2007

    Posts: 2,943

    It aint easy but rent/mortgage, utility bills (gas, electricity, water), food and drink to live and not socialise (monthly food bill), council tax (you have to pay it).

    A car is a luxury but you could inlcude it and petrol I suppose if you wanted to or other transport that you used.
     
  16. Bear

    Capodecina

    Joined: Oct 24, 2002

    Posts: 12,335

    Location: Bucks and Edinburgh

    To be fair even he said it wasnt the amount that was the problem but the principle, even he didnt seem to make out it hit him significantly and he made the point that he was a single male with no children.
     
  17. HEADRAT

    Capodecina

    Joined: Oct 18, 2002

    Posts: 18,010

    Location: Cambridge, UK

    Do you have a source for your original post?

    HEADRAT
     
    Last edited: Apr 22, 2008
  18. cosmogenesis

    Mobster

    Joined: Mar 15, 2007

    Posts: 2,943

    yes the dail telegraph web site.
     
  19. sdfuk

    Hitman

    Joined: Jun 8, 2004

    Posts: 959

    Location: Essex

    Like someone said before it's an average.

    Sounds like a poisson distribution to me!
     
  20. HEADRAT

    Capodecina

    Joined: Oct 18, 2002

    Posts: 18,010

    Location: Cambridge, UK

    It does sound a bit fishy <boom tish>