What would you call an average wage?

In south west wales about £16K - £17K a year, met so many people with a Degree or more that make minimum wage or not much more. Only bright side is low pollution,population and crime compared to wealthy places
 
In south west wales about £16K - £17K a year, met so many people with a Degree or more that make minimum wage or not much more. Only bright side is low pollution,population and crime compared to wealthy places

I assume lower cost of living as well.
 
Yes, lower costs and property. Many sell up from wealthy areas and move to the coastline to retire, using the difference in property prices to buffer pentions etc
Yes, huge difference in average property prices - England = £271,000, Wales = £184,000. Northern Ireland even lower at £149,000. Average London property price is almost half a million quid!
 
Was just looking at my parents first house.

Mortgage was less than 50k.
So that's a mortgage maybe a 1/5 (definitely 1/4) the size of mine.

No wonder they could have 3 kids, modest wages and and a comfortable life and be mortgage free and retire early!

And they wonder why the population is crashing. Lol how much more expensive it is to live now. And get to mortgage free before retirement
 
Yes, huge difference in average property prices - England = £271,000, Wales = £184,000. Northern Ireland even lower at £149,000. Average London property price is almost half a million quid!

These figures are much too broad.

South Wales isn't much different to the UK norm. Cardiff, Newport area.
But you don't have to go far before prices drop like a stone
 
Was just looking at my parents first house.

Mortgage was less than 50k.
So that's a mortgage maybe a 1/5 (definitely 1/4) the size of mine.

No wonder they could have 3 kids, modest wages and and a comfortable life and be mortgage free and retire early!

And they wonder why the population is crashing. Lol how much more expensive it is to live now. And get to mortgage free before retirement

What year did they buy it though?

https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator

It will be cheaper than the equivalent house today but not as clean cut as being 1/4 of your mortgage
 
These figures are much too broad.

South Wales isn't much different to the UK norm. Cardiff, Newport area.
But you don't have to go far before prices drop like a stone

Yes massive difference between rural and built up urban areas.

I am on the rural south west coast and 400 people tried for a job in B+Q in a town with population of 6000 so actually getting even a low paid job to take advantage of cheaper houses is tough. Obviously they just pick the good looking early 20`s staff so old ugly people like me dont get a look in lol
 
What year did they buy it though?

https://www.bankofengland.co.uk/monetary-policy/inflation/inflation-calculator

It will be cheaper than the equivalent house today but not as clean cut as being 1/4 of your mortgage

Yes. Probably more like half in terms of inflation (which should be taken into account agree)

Not sure when they bought. But sold in 99.

Interesting calculation!
I put in 1999 when house was sold 10gbp then = 18 gbp now.
It was sold for 90k then.

So yeah. I'm still jealous! :D
 
Was just looking at my parents first house.

Mortgage was less than 50k.
So that's a mortgage maybe a 1/5 (definitely 1/4) the size of mine.

No wonder they could have 3 kids, modest wages and and a comfortable life and be mortgage free and retire early!

And they wonder why the population is crashing. Lol how much more expensive it is to live now. And get to mortgage free before retirement

My parents first house was £4,500 in 1971, mothers first car was a used 2 year old, VW Beatle she got for £350, a gallon of fuel as about 35p
 
I bought for 44k in 2001, then 100k 2015 ish here
Yes massive difference between rural and built up urban areas.

I am on the rural south west coast and 400 people tried for a job in B+Q in a town with population of 6000 so actually getting even a low paid job to take advantage of cheaper houses is tough. Obviously they just pick the good looking early 20`s staff so old ugly people like me dont get a look in lol

A bit different down here, my place can't get enough people virtually dragging them off the streets, we pay agency 23.5k year, average wage climbing with the labour shortages
 
I bought for 44k in 2001, then 100k 2015 ish here


A bit different down here, my place can't get enough people virtually dragging them off the streets, we pay agency 23.5k year, average wage climbing with the labour shortages
Funny you mention that - I spotted our referral bounty has just doubled to £8k!
 
Yes, huge difference in average property prices - England = £271,000, Wales = £184,000. Northern Ireland even lower at £149,000. Average London property price is almost half a million quid!
£500k would barely get you a garage in some Kensington areas but would get you a mansion in some crime-ridden area. Rent is also all over the place here, I remember an advert for £500pm for a broom cupboard to sleep in but I know someone who pays £250 for a studio in Wandsworth.
 
Yes, huge differences between Cardiff, Newport and Vale of Glamorgan v Valleys areas. Interesting figures in this site (not sure if you are allowed to post links?): https://www.rightmove.co.uk/house-prices-in-South-Wales.html

My house, just outside Caerphilly, would sell for upwards of £500k in my mum's area of Cardiff for similar type (big 4 bed detached, with huge garden). I would probably get around half that if I put it up for sale.
 
These figures are much too broad.

South Wales isn't much different to the UK norm. Cardiff, Newport area.
But you don't have to go far before prices drop like a stone

There are big differences in median wage in the different areas of Wales, and the spread between high and low deciles varies a lot. I remember somewhere in West Wales was surprisingly low wage. The ONS ASHE stats give lots of detail, if you want that.

I used to have endless fun going through those figures.
 
I expect the average wage depends on location...

London area £40k
Outside £19k

You'll be lucky to earn 19k down here in Torbay, a vast majority of the jobs are seasonal and/or in the hospitality field that all pay minimum wage. It's no wonder they are all desperate for staff, no one wants to work crappy jobs for crappy money.

If your lucky enough to work full time doing 40 hours a week you can just about scrape 19k, but very few companies that pay minimum wage offer full time work, most are part time 16-24 hours and shift work so you may not even be able to work multiple jobs.
 
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