What is a good salary in Cambridge UK?

What is the average salary in Cambridge UK?

Cambridge average salary comparison by sex

Local authority Female average salary, 2020 Male average salary
Uttlesford £28.8k £39.4k
East Cambridgeshire £29.4k N/A
United Kingdom £33.3k £42.2k
Cambridge £34.5k £47.6k

How much do you need to live comfortably in Cambridge?

Summary about cost of living in Cambridge, United Kingdom: Family of four estimated monthly costs are 3,349$ (2,452£) without rent. A single person estimated monthly costs are 952$ (697£) without rent.

What is a livable salary in the UK?

The Living Wage is an hourly rate, calculated according to cost of living in the UK by the Living Wage Foundation. The UK Living Wage is currently £9.50 per hour. The London Living Wage is currently £10.85 per hour.

How much do I need to earn to live in Cambridge?

Recommended Salary in Cambridge

Generally, one needs to earn at least three times the cost of rent before taxes to live comfortably. As the average cost of a one-bedroom apartment in Cambridge is $3,014, your monthly pretax income should meet or exceed $9,042 or $108,504 annually based on the 30% rule.

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Is Cambridge more expensive than London?

Cost of living in Cambridge (United Kingdom) is 30% cheaper than in London (United Kingdom)

Is Cambridge posh?

The study, which sets out to identify ‘Gentrification Hotspots’, places Cambridge first amongst the top 10 cities in the UK for gentrification based on criteria like salary, property, investment and other services.

Is Cambridge a poor city?

Cambridge is, overall, a wealthy city and not just in terms of money. … However, not all areas of Cambridge are quite so affluent. In data published by the Ministry of Housing, Communities, and Local Government, there are several areas of Cambridge which are ranked in the most deprived 20 and 30 per cent of England.

What salary is middle class UK?

It said the median household income increased by 7 per cent between 2011 and 2021, an average of 0.8 per cent per year, after accounting for inflation. Statista says the average income in the UK is £31,461. The term does not mean the same thing as middle class.

Is 25k a good salary UK?

According to reputable graduate job boards like graduate-jobs.com, the average starting salary for UK graduates is estimated at £21,000 – £25,000. … Meanwhile, totaljobs.com estimates a slightly higher average of £27,000 for graduate jobs. Those working in the London area can expect to start with an even better salary.

Is 40k a good salary UK 2020?

21k+ is a very good salary, 40k is excellent. If you’re in a typical household with two people and two kids, earning 18-21k, then you are able to live comfortably – so 40k from two earners would give you a very nice lifestyle. If you’re single and earning 21k+ then you can live very comfortably.

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