What would be the equivalent of earning US$100k in the UK? : UKPersonalFinance
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I've been in the UK all my life working in the tech industry. People over at /r/cscareerquestions (which is a US centric sub) talk about $100k salaries like its normal. But given that average rent in places like San Francisco is like $3150 (plus other costs like health insurance) that money probably doesnt go as far as I imagine.
As an alternative to scaling by currency value, you could compare by average salary or by income percentiles. Either of these could be more useful to us as representing both the cost of living and the local standards and norms.
However, realistically, there's an additional factor to consider which is that the UK has a lower income inequality than the US, which pushes low salaries up and high salaries down relative to the US. Since we're looking at incomes that are over twice the national average income, we can expect that this high-earning UK person would earn less than £59k within the lower-inequality UK system and the average may not be the most useful number, so we can instead try:
