Tag Archive for: Is 80k a good salary

Is 80K A Good Salary in the UK?

Often, folks ask me… is 80K a good salary in the UK? Well… let me tell you, defining a ‘good’ salary is like trying to pick out a perfect pint in a brewery. Everybody’s taste differs and what’s enough for one isn’t necessarily quite right for the other. It all boils down to one’s lifestyle, expenses, expectations, and, of course… how much you’re planning to set aside every month for that turn-the-world-upside-down vacation to Bora Bora (I highly recommend it by the way).

Let’s dive in and take a bite out of this big ol’ financial pickle…

 

To start with, according to the UK’s Office of National Statistics, the median (let’s learn to love the word ‘median’, it’s nicer than ‘average’ really)… the median gross annual wage is around £30,420, if we’re talkin’ full time employees.

 

The UK’s average full-time salary, which is roughly £38,600, according to the Office for National Statistics. Remember, friends… this puts you in the top 5% of income earners in the UK, which… well, I don’t know about you, but that makes me feel a bit like royalty… budget royalty, of course!

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