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Re: Cost Of Living - Is It This Simple
Originally Posted by maxtye
(Post 6515959)
Simple question really.
The general feeling seems to be that the cost of living in Oz is roughly the same as it is in the UK. So if I'm earning say £25,000 in the UK & i get Offered $50,000 in oz, Will i be financially better off in Oz. To give you some very rough numbers, food will cost perhaps $150 per week, rent $350 at least, phone and internet $25, gas & elec maybe $40 or $50, rates maybe $30, petrol maybe $50. That adds up to approx $650 per week. If you are taking home about $850 per week, that leaves you with $200....approx GBP100 per week to cover everything like insurance, schooling, entertainments, clothing, saving for the future. |
Re: Cost Of Living - Is It This Simple
I think aswell you have to think of other things in your monthly outgoings. Most people pay somesort of unsecured credit repayment in the UK (i.e loans, storecards, HP, credit cards etc). Probably most people when they come to Oz don't have these outgoings straight away. I'd make sure you budget in advance for these sort of outgoings in the future.
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Re: Cost Of Living - Is It This Simple
Originally Posted by maxtye
(Post 6515982)
Wife, 2 young children & 2 dogs.
By the same token, do you think 25K is low for a UK salary. |
Re: Cost Of Living - Is It This Simple
Originally Posted by JAYMAC
(Post 6517167)
Hi,
I think the difference for us is that we do not feel like we have to have one or two holidays abroad a year just to get a bit of sun and that probably saves the equivalent of around $5k - $10k a year for a family of 4. Julia Guess it also depends how much you factor in return trips to the UK as part of the cost of living. I appreciate some people are not interested in going over but plenty others would want to go every couple of years or so. |
Re: Cost Of Living - Is It This Simple
Our outgoings per week in NSW for a family of 3 are:
Groceries - $160 Petrol - $75 Rent - $325 Water - $5 (we're in rented so pay very little) Gym - $14 Gas - $15 Contents Insurance - $9 2 x mobile phones - $24 Motor Insurance - $15 Electricity - $25 Phone, Broadband and Foxtel combined - $45 Total Per week - $712 Total Per Month - $3085 Total Per Year - $37020 So our annual expenditure on the Everyday things - no savings, no spendings, no after school activities, no eating out, no holidays is $37020! That obviously needs to be what you take home. So...based on $50,000 a year, you should just about be able to pay your bills....but in my opinion...you couldn't really do much else. Hope this helps :) Rach |
Re: Cost Of Living - Is It This Simple
Originally Posted by markallwood
(Post 6517261)
To cut a long answer short, I would say - no, you will be worse off in Australia.
To give you some very rough numbers, food will cost perhaps $150 per week, rent $350 at least, phone and internet $25, gas & elec maybe $40 or $50, rates maybe $30, petrol maybe $50. That adds up to approx $650 per week. If you are taking home about $850 per week, that leaves you with $200....approx GBP100 per week to cover everything like insurance, schooling, entertainments, clothing, saving for the future. |
Re: Cost Of Living - Is It This Simple
Originally Posted by perksy
(Post 6515975)
Surely it depends on a few other factors. Say you live in London and earn £25k and you moved to the Adelaide suburbs you would probably think the cost of living is cheaper in Oz. Likewise the reverse say you earned £25k and lived in Middlesborough but you moved to Sydney then you would probably say its more expensive in Oz.
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Re: Cost Of Living - Is It This Simple
Originally Posted by maxtye
(Post 6515982)
Wife, 2 young children & 2 dogs.
By the same token, do you think 25K is low for a UK salary. I earn around 28K in the UK and definately dont think its a low salary. |
Re: Cost Of Living - Is It This Simple
Think i'm even more confused now:confused:
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Re: Cost Of Living - Is It This Simple
Originally Posted by ann
(Post 6519923)
terrenced houses
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Re: Cost Of Living - Is It This Simple
Originally Posted by brissybound
(Post 6520093)
I earn around 28K in the UK and definately dont think its a low salary.
So in answer to the original question IMHO if you are comfortable in UK on $25kpa you will be struggling in Aus on $50k. |
Re: Cost Of Living - Is It This Simple
Originally Posted by quoll
(Post 6520697)
So in answer to the original question IMHO if you are comfortable in UK on $25kpa you will be struggling in Aus on $50k.
You also need to bare in mind that we're renting at the moment. If we were to buy, our rent/mortgage would increase by around $160 (based on $260k mortgage) per week plus we would have to pay rates at around $20 per week and water would also increase by $10 per week. To summarise (sorry I sound like I'm in a board meeting or something!!) Hubbys basic wage - $56k With Overtime (lots) - $95k (roughly) Our Take Home Pay - $65k Annual Outgoings while renting - $37k ($28k remaining) Annual Outgoings if buying - $47k (18k remaining) We are by far a wealthy family! I shop in Op shops and Garage Sales all the time (mainly because I love getting bargains!) and buy all the cheapest brands in the supermarket. I dont want to put a downer on things for you, just putting across what our financial situation is so that you have an idea of what to expect. Hope this helps :) |
Re: Cost Of Living - Is It This Simple
Originally Posted by maxtye
(Post 6515959)
Simple question really.
The general feeling seems to be that the cost of living in Oz is roughly the same as it is in the UK. So if I'm earning say £25,000 in the UK & i get Offered $50,000 in oz, Will i be financially better off in Oz. my OH earns @ $60k but we are mortgage free and have no kids, his work is at the bottom of the road so no big fuel bills, so yes even though his is not a high wage we are financially better off. |
Re: Cost Of Living - Is It This Simple
Originally Posted by MartinLuther
(Post 6517162)
Obviously it depends on your lifestyle, where you choose to live, etc... but it is a fair guide to say (like the OP) that you need to have twice as many $ as £ to have the same standard of living. This guide has been good regardless of the exchange rate. (All the exchange rate determines is the value of the £s that you're bringing over.)
Although people bang on about groceries being (debateably) more expensive here there are lots of things that are cheaper: petrol, council tax, eating out, most entertainment, insurance to name a few. Now I know some people are going to come in and say that some of those things are more expensive and it may depend on where you live but usually it's because they're comparing apples and pears and it comes down to their own personal choices or circumstances. The classic is that although the petrol is cheaper here you have to drive 3 times as far. Per capita Aussies drive about the same average miles as Brits so on average people are not driving 3 times as far, it's the people who've decided to live a long way out. I moved from city to UK to countryside Aus and I am driving further. However I'm not driving further than if I had moved to countryside UK (which would have cost a lot more). Smart and well thought answer. I think there is a lot of sense in your reply. |
Re: Cost Of Living - Is It This Simple
Originally Posted by Seasider
(Post 6517259)
That's a very good point, perksy. I think many of us forget we're coming from a 3-bed Barratt Box in a provincial town or minor city where property is relatively cheap, to one of Australia's major cities and expect a McMansion with en suites, pool and rumpus room for the same money. Which also needs heating/cooling and maintaining. (Yes, huge generalisation just to illustrate the point.)
.[/I] |
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