From City AM:
Professionals working in London are the poorest workers in Britain, despite earning the highest average salary, according to new research from job site CV-Library.
Based on new roles advertised in the third quarter of 2015, CV-Library calculated that the average annual salary in London is £36,905, which is 16.6 per cent greater than the national average of £31,625. However, according to the job site's research, premium costs in the capital “drastically outweigh the slightly higher-than-average salaries meaning Londoners have the least disposable income in the country”.
CV-Library's data shows that employees making an average salary in London are likely to end up with minus £964 each month after paying for basic costs, which include rent for a one-bed flat near the city centre, council tax, a local monthly travel card, basic utility bills and groceries. Professionals making an average salary in Aberdeen are likely to have the most disposable income in the UK, with £1,313 left over each month after basic costs are met.
Obviously they don't run up a deficit of £964 each month, that assumes they rent a one-bed flat near the city centre, they are more likely to be a sharing a flat a bit further out so as to at least break even, but hey. I didn't realise that Aberdeen rents were so much lower, but let's just take that as a given.
Tuesday, 13 October 2015
From City AM:
My latest blogpost: Von Thünen's Law Of Rent, part the manieth.Tweet this! Posted by Mark Wadsworth at 12:04