Is 52k/yr enough to live in MK?

Posted by Silly_Pianist3297@reddit | miltonkeynes | View on Reddit | 18 comments

Single male, cheap hobbies, going out just for some beer - no fancy meals.

[-]

majorpickle01@reddit

Fellow single male, 300k house (sister as lodger), you'll be fine. It was very easy when I was earning close to 70k - having taken a career pivot to a job currently probably targeting 50k a year with OTE and i'm comfortable on the 35k basic.,

[-]

nuttydogpoo@reddit

You can get a 3 bed semi for £1500pm. Factor in £1kpm for other household bits like tax insurance water etc

Public transports a bit hit and miss so a car can help, loads of places to get work done cheap, say £500pm for that

So £36kpa will have you living comfortably and financially safely in MK.

[-]

ScandiDragon@reddit

But that is after tax (so would be about 45k pre tax without pension etc), and what about food or any other life costs that are not bills?

[-]

nuttydogpoo@reddit

OP hasn’t said that, so I went of off the information provided

[-]

nuttydogpoo@reddit

Something like

https://www.rightmove.co.uk/properties/166722653

[-]

Notagelding@reddit

My mortgage is £500 a month! Granted, it's not a house that's as big as that but the thought of pay 1k more a month makes me wince

[-]

nuttydogpoo@reddit

Renting sucks, leaves you in a pickle of not being able to save as the rent is so high, it’s what the corporate overlords want I guess.

I’m very lucky that I met my partner who already had a house, mortgage is cheap so it means we can have nice things and go on holidays, but my days of renting leaves me feeling empathetic for those stuck in a rut who want out of renting. Without the help of a rich family member or a lottery win some will never get out.

[-]

Notagelding@reddit

There is the option of shared ownership. It has its downfalls but it's a great way for people who are single or on a lower income to get on the ladder.

[-]