Yes, it’s a lot to be comfortable with. £42,000 a year equals £2,662 a month after tax and National Insurance. Depending on where in the country you live, a one bedroom apartment (or tiny house) will cost between £700 and £1,200 a month.
Is 40000 a good salary in the UK?
40K is certainly good enough to support your living relatively comfortably. The tax will take away a good percentage of what is quite painful. I suspect that living in central London or making major investments like buying a house will not be enough to support a family.
Is 42,000 a good salary for a bachelor?
You could save $200/month by not having a car payment and buying a cheap car. It’s also possible to get cheaper car insurance, spend less on personal, miscellaneous and entertainment categories, etc. 40,000 a year is a good salary for a single person, but that amount can also support a family.
Making 42,000 a year is good?
Is $42,000 a good salary? $42,000 a year is a great salary depending on your family dynamics. In fact, here’s the breakdown of my $25,000 monthly budget. However, everyone’s situation and finances are different.
Is £45k a good salary in the UK?
Yes 45k is ok. That’s about 2.8k a month to take away. You can get a modern studio or even a small 1 bedroom apartment for 12001300, the rest is up to you and your lifestyle.
Is 40,000 a good salary for a single person?
It’s also possible to get cheaper car insurance, spend less on personal, miscellaneous and entertainment categories, etc. 40,000 a year is a good salary for a single person, but that amount can also support a family. ten
Is 40k a good salary in London?
You will not be poor by anyone’s standards and £40,000 is a good salary but living in London is very expensive and you must be rich enough to achieve the standard of living that is achievable in other parts of the country or in other parts of the USA is country. ‘other countries.
What is a good UK salary?
The average gross salary in the UK is between £27,000 and £28,000 per year but its quality depends on where in the country you live.
Is 50,000 a good salary in the UK?
However, in general it is considered a very good salary for most people. The average salary is much lower but it depends on your age/type of work/area you work in. £50,000 in London could be a ‘normal’ salary for a successful youngster.
Is 42,000 a year a good salary?
21k+ is a very good salary, 40k is excellent. If you live in a typical household of two people and two children and earn 1821k you can live comfortably, so 40k from two earners would give you a very nice lifestyle. If you’re single and earning over 21,000, you can live very comfortably. 3
Is $40,000 a year a good salary?
A salary of $40,000 a year can put you in the middle class in America. However, depending on where you live, your expenses, your average spend, and how much debt you have, a $40,000 salary can also place you on the lower end of the middle class in today’s world.
Can you live comfortably at 40,000 a year?
It may look like a fight, but it doesn’t have to be. The median personal income in the United States in 2018 is $33,706. That means that $40,000 will make you more money than more than half of Americans, which might suggest that $40,000 is enough to live comfortably. 20