How much is a good salary in Cambridge UK?

The average salary for jobs in Cambridge, United Kingdom is £39,230 (GBP) per year or an hourly rate of £19 (GBP). The above data is a sample of data available in ERI's Global Salary Calculator.

What salary do you need to live comfortably in Cambridge UK?

Cost of Living Cambridge, UK

To live comfortably in Cambridge, a minimum of £14,600 per month is required. Other than government financial requirements, Cambridge is 15.5% more affordable than London in terms of consumer prices and 39.3% more affordable than the capital in terms of rent.

What is the average salary in Cambridge UK?

The median salary for female is ranging between £32.8k in Cambridge and £35.8k in South Cambridgeshire. The UK median salary for female was £29.7k in 2022. The median salary for male is ranging between £38.9k in Cambridge and £41.6k in South Cambridgeshire.

What is a respectable salary UK?

With a cost of living of £1,950 in the UK, an average monthly net salary ranging between £2,500 and £3,300 is a good salary in the UK. With an income close to or within this range, you're able to live comfortably by covering your expenses and having some disposable income to treat yourself.

How expensive is it to live in Cambridge UK?

Summary of cost of living in Cambridge, United Kingdom: A family of four estimated monthly costs are 3,845.7$ (3,032.9£) without rent. A single person estimated monthly costs are 1,113.2$ (877.9£) without rent. Cambridge is 32.9% less expensive than Seattle (without rent).

Good Salary in London | Average income for a comfortable life | Cost of living in London, UK 2023

What is the most expensive area to live in Cambridge?

Newnham has not only the most expensive properties in Cambridge but in the whole of the county ended up with a 14% decrease from £955,000 to £821,000. It is arguably the best area in all of Cambridge and Cambridgeshire to live in.

Is 70k a year a good salary UK?

In conclusion - is 70k a good salary? Earning a 70k salary in the UK is generally considered a good income that provides the means to cover living costs, including housing, utilities, transportation, and leisure activities.

Is 50K a year a good salary UK?

Final thoughts - is 50k a good salary? Earning a 50k salary in the UK can generally be considered a good income that allows for a comfortable lifestyle. It provides the means to cover living costs, including housing, utilities, transportation, and leisure activities.

Is it worth earning over 50K UK?

£50K is a pretty good salary to earn here in the UK. It's significantly higher than the national median wage. Still, the honest answer to “is 50K a good salary in the UK” depends on many factors, including your current financial circumstances.

How much money do Cambridge graduates make?

The average salary for Graduated is £35,720 per year in the Cambridge. The average additional cash compensation for a Graduated in the Cambridge is £3,925, with a range from £1,229 - £12,531. Salaries estimates are based on 507 salaries submitted anonymously to Glassdoor by Graduated employees in Cambridge.

Do Cambridge graduates earn more?

It will be no surprise that Oxford and Cambridge graduates came within the top 5 in the salary research. Oxford university graduates, in 2nd place overall, averaged a salary of £54,000 within 5 years of leaving whereas Cambridge graduates, in 4th place, averaged £52,500.

What is Cambridge famous for?

Best known for its legendary university, Cambridge is one of the most famous cities in merry England. With greenery galore and beautiful old buildings as far as the eye can see, it's a popular getaway-spot for Brits and tourists alike.

Is it expensive to rent in Cambridge?

Beyond campus, there's a whole landscape of shared and solo housing available in Cambridge's private rental sector. A studio flat costs around £1,410 per month in the city centre, and a three-bedroom apartment costs £2,470 per month, which works out at around £820 per person.

Is rent in Cambridge high?

Cambridge is one of the most expensive places to rent in the UK, after London, Edinburgh, and two Surrey towns. Data from flatshare site SpareRoom show the average monthly rent including bills for a room in Cambridge increased by 37.7% from the end of 2019 to the end of 2023.

Is Cambridge cheap to live in?

The study also found that Cambridge is the second most expensive city to privately rent in, behind London, with a monthly rent of £578.70: above the national average of £518.10. However, students in Cambridge also have the highest monthly income of £1340, above the national average of about £1092.

What salary is upper class UK?

Those who earn £62,585 per year are in the top 10% in the UK. Those who are earning £19,000 or less are at the other end of the scale, in the bottom 10%.

Can you live off a 50k salary?

$50,000 per year is considered a moderate income in the United States, and many individuals and families manage to live comfortably on this income.

Is it hard to live off 50k a year?

For many people, $50,000 is enough income to live comfortably, although your location and lifestyle are important factors. In coastal cities, that money doesn't go as far, but there are certainly households in New York City that live on one or two Social Security incomes amounting to less than $50,000.

What salary is middle-class UK 2023?

The median annual earnings in the United Kingdom was 34,963 British pounds per year in 2023.

Is 70K middle-class for a single person?

The Pew Research Center has put a financial definition to the term “middle income.” To be considered part of that group in 2021—which is synonymous with middle-class, according to Pew—a single American must have earned $30,003 to $90,010, according to a new set of reports released Wednesday.

Where do the rich live in Cambridge?

Newnham. Enjoying a 'village feel' yet with great access to the city centre and colleges alike, Newnham is one of the most affluent suburbs of Cambridge. It enjoys national recognition – not just as one of the best places to live in Cambridge, but as one of the best places to live in the whole of the UK.

Where do rich people live in Cambridge?

Affluence in Cambridgeshire is often associated with areas in and around Cambridge, due to the influence of the university and the tech and biotech industries. South Cambridgeshire villages, like Grantchester and Madingley, are known for their affluence as well.

What is the richest town in Cambridge?

Cambridgeshire's richest neighbourhood is in Trumpington, where households have an average net annual income of £45,900. That's how much households have left after income tax, national insurance, council tax, pension contributions, and child support have been paid.