How do people afford to live in London? Choosing between London or New York

Posted by Uncle_Richard98@reddit | expats | View on Reddit | 344 comments

I’m trying to choose between London and New York (and yes I have the option to legally move to both places), and while I like London more I’m like… how do people actually live there?

Because the salaries are dog shit low. Like very very low. People with high degrees in London getting salaries of 30-40k per year when the cost of living in on par with some California cities.

Yes groceries and eating out are cheaper but only slightly, and the rents are very similar to California! But people in California have salaries starting almost at 100k+, while in London they start at 30k, what is going on?

What makes the US incredibly experience is healthcare expenses and property taxes, but if you work with high income for tech / financial companies you’re most likely getting health insurance paid by the company and with the amount of money you make you can easily pay the property taxes, while in London you have the NHS and employees also pay healthcare but like… what the fuck?

I have a colleague who recently moved from New York to London and she got shocked on how much less money she was getting from doing the same job she was making in New York, not only salaries are dog shit low, bonus, stocks and overall compensation are much less and the cost of living it’s not that much lower!

How can people afford to live in London?