What salary do you realistically need to live comfortably in London?
For those living in London, what salary do you think you realistically need to live comfortably excluding rent/mortgage?
I’m thinking specifically about a married person with children and being able to give your family a genuinely comfortable lifestyle, rather than just covering the basics.
For example:
- Putting the kids in a decent nursery when needed
- Taking them to activities, classes, soft play, swimming, etc.
- Going on family days out regularly
- Buying them nice clothes, toys and things they enjoy
- Having a decent car and being able to afford the running costs
- Food and household shopping without constantly worrying about the cost
- Eating out/takeaways occasionally
- Going on holidays
- Paying for unexpected expenses without it causing stress
- Still having a decent amount left over to save every month
Obviously this is excluding rent/mortgage, as I’m more interested in the salary needed for the actual cost of living and giving your family a good quality of life.
Would you say £40k, £50k, £60k, £70k, £80k+?
What salary would make you feel like you can comfortably provide for your family in London without constantly having to watch every penny?