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Salary to live in Manchester

 
#1 Salary to live in Manchester
23/02/2013 08:10

haadues

Hi,

I live in India, got an job offer in Manchester UK. They offer me a 3k pound a month.

I need to know,

1. Whether this salary is good to live in Manchester with family (2 adults and one kid)

2. I need to save minimum 1200 pound a month after all my expenses there, is it possible?

3. How much tax and other deduction will be there on every month and how much I will get in hand out of 3k.

Please help me by clarifying the above points.

Thanks.

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#2 RE: Salary to live in Manchester
23/02/2013 20:24

presidentbartlet to haadues (#1)

So that's £36k a year. Looking at http://www.thesalarycalculator.co.uk/ which is normally fairly accurate that would be £2250 a month take home.

Take off your £1200 savings and that leaves about £1k a month to live. Don't know the Manchester rental market but can't think you'd be spending less than £600 a month on rent for something big enough for your family which leaves about £400 for food, entertainment, bills, etc - doesn't seem like enough by the time you've paid council tax (maybe £100ish a month), energy bills (could be up to £100 a month), etc.

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#3 RE: Salary to live in Manchester
23/02/2013 21:57

Zorba to presidentbartlet (#2)

Lets do the numbers:

3000 * 12 = 36000 Yearly

Take home = £2250 (after tax/NI)

Saving's target = £1200 (I don't think so this is possible)

Budget = £1050

============================================

(costs are per month)

House rental = £650 - £850 (Assuming you will not share a house - with family that's not really an option anyhow)

Council - £100

Water/Gas/Electric - £140-£180 (Depends on season and type of accommodation - small flats or semi-detached 3 bed house)

Other bills (tv/internet/phone) - £35

So far = £1035

This does not include food, car and related expenses (insurance, petrol, maintenance), Entertainment, Going-out, other bills, child-care and related costs etc

You are easily looking at £550 (family of 3) for all expect child care (no idea, on exact numbers, it is expensive)

Total spend = £1585

You can expect to save around £400-500 a month. (factoring cost of child care)

Of course, variable costs depend on lifestyle (breakdown assumes median - by my personal perspective).

Hope it helps

Z

p.s: Lived in Manchester

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#4 RE: Salary to live in Manchester
25/02/2013 09:18

Camster to Zorba (#3)

Let's say you get 2200 net a month. You want to save 1200. So, you have 1000 to play with.

Very difficult to live on this, for a family of three that is. If your wife doesn't work, then no child-care costs I guess (can easily come to 700 a month), but still a challenge.

The main items:

-rent

-council tax

-gas & electricity

-food shopping (bearing in mind that the UK will have significant food inflation in 2013 given the very wet 2012)

-petrol/transport

You can peruse Rightmove.co.uk to see what the rent in Manchester is like. The country average is about £700 I think. Let's say 100 for council tax. 150 for gas/electricity/water. 400 for food (100 a week). 250 for petrol/transport (60 a week for a full tank for a small car). Assume missus not working, so no child-care.

That comes to 1600 a month. So, you might be able to save about 500 a month.

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#5 RE: Salary to live in Manchester
25/02/2013 13:03

Zorba to haadues (#1)

Hi,

I live in India, got an job offer in Manchester UK. They offer me a 3k pound a month.

I need to know,

Just out of curiosity, assuming you are Indian citizen, you received the job offer while living in India?

If so, the company must be willing to sponsor you with a certificate of sponsorship (Tier2) stating that they were NOT able to find ANYONE in EU to do the advertised job. This means you must be having a very niche skill. You should think about re-negotiating your offer. (Increase to at least 45K to meet your savings target)

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#6 RE: Salary to live in Manchester
25/02/2013 13:42

Bushy Eyebrow Partner to Zorba (#5)

"stating that they were NOT able to find ANYONE in EU to do the advertised job. This means you must be having a very niche skill"

Now that's an understatment if ever I heard one.

It would mean he truly is "one in 503.5 million".

At that level of uniqueness, I'd expect to be getting somewhat more than £36K.

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#7 RE: Salary to live in Manchester
26/02/2013 15:20

Camster to Bushy Eyebrow Partner (#6)

ROFL!!!

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#8 RE: Salary to live in Manchester
28/02/2013 10:57

ElevenEleven to haadues (#1)

It depends where in Manchester you want to live. I am moving up there with my wife also for work. There are good parts and bad parts just like any city.

If you want to live somewhere nice then you are going to pay a premium. A nice 3 bed house in somewhere like Didsbury or Chorlton will easily set you back about £1000 a month in rent alone and then you have utility bills on top.

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