What is a good salary to live in Edinburgh?

How much money do you need to earn to be happy in Edinburgh? We asked local residents for their thoughts. Watch more of our videos on Shots! To live a happy life in Edinburgh, residents have to make an average salary of £36,000, a new report has shown.

How much do you need to live comfortably in Edinburgh?

How much do you need to live comfortably in Scotland? According to Numbeo.com, the cost of living in Scotland's capital city of Edinburgh is around 18.4% lower than that in London. In late 2022, the regular monthly expenses for a single person living in Edinburgh, excluding rent, will be close to £700.

What salary do you need to live comfortably in Scotland?

According to our reports, a monthly salary of £2,500 allows for a comfortable lifestyle in Scotland, covering expenses such as amenities, food, and rent.

Is 70000 a good salary in Edinburgh?

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 good salary in Scotland?

Yes, GBP 55,000 is generally considered a good salary in Scotland. It is above the national average salary and should allow for a comfortable standard of living.

Living Expenses in Edinburgh (Scotland) 🏴󠁧󠁢󠁳󠁣󠁴󠁿

Is 45k a good salary in Edinburgh?

£45k is a good salary. Nowhere near the top or the bottom of earners in Edinburgh. Edinburgh is expensive for housing. The range is massive.

How many people earn over 150k in Scotland?

Scottish Government statistics suggest there are only around 30,000 people here earning over £150,000. But there are around 123,000 folk in London alone bringing home more than 150k smackers.

What is the average rent in Edinburgh?

Edinburgh is an expensive city by UK standards but not when we compare it to the capital London. Average rents for a 1 bedroom apartment stand at around $810pcm. For a large 3 bedroom apartment expect to pay around $1,240 a month. If you decide to live outside of the city center prices are much more reasonable.

Is 45k a good salary in Scotland?

£45000 is a good salary anywhere in the north of England and in Scotland.

What is considered wealthy in Scotland?

It would now take a very high income family (in the top 10 per cent of households, with a £58,000 income) 19 years of saving every single penny to become a truly wealthy family (in the top 10 per cent wealthiest households with assets of over £1 million).

Is 30k enough to live in Edinburgh?

One mother with a new-born said a mid £30k salary is enough to get by in Edinburgh but means you are less able to spend on social activities. She said: “As a mum I would say that £36,000 for just me and my son living here in Edinburgh wouldn't be enough for me to travel and see my family in Portugal.

What is middle income in Scotland?

At £33,332, Scotland has the third highest median gross annual salary of the nations and regions of the UK, which is higher than the UK figure. At £641, Scotland has the fourth highest median gross weekly pay of the nations and regions of the UK, which is the same as the UK figure.

What part of Edinburgh is best to live in?

What is the cheapest area in Edinburgh to live?

How much is rent per month in Edinburgh?

The average rent for an apartment in Edinburgh is $616. The cost of rent varies depending on several factors, including location, size, and quality.

Why is rent so high in Edinburgh?

The Scottish Government's rent control policies and punitive tax regime for anyone buying an investment property are worsening an already critical shortage of rental accommodation, creating more pressure on our tenant population.

Is it hard to rent a flat in Edinburgh?

Demand for flats in Edinburgh is normally very high and the rental market moves very quickly. If you do need to arrive and stay somewhere in the short term there are lots of hostels and Airbnbs in the city.

Is it hard to rent in Edinburgh?

Property to rent in Edinburgh remained very difficult to secure with average Time to Let (TTL) remaining at just 15 days. 1 bed properties take, on average, just 11 days to rent.

What is the top 3% income in the UK?

If you earn above £59,700, then you're in the top 3% of single person household earners. At the other end of the scale, as a couple with two children under 14, you'd need a household income of more than £41,300 to be considered in the top half of earners, and around £125,000 to be in the top 3%.

Is 70k a good salary Scotland?

£70,000 is an excellent salary and is well above the median wage for the UK and London. Whether or not you find 70k to be a good salary will depend on your current financial and living situation.

What is the top 5% household income UK?

A couple who live in the Home Counties, with a combined household income of just under £130,000, give us a sneak peek at how they spend their money. Having a six-figure household income puts them in the top 5% of earners in the UK, according to the Institute of Fiscal Studies.

Is 75k a good salary in Scotland?

Yes. That's right up into the top few percentiles. You could live a very comfortable life on that salary in Scotland.

What is average salary in Edinburgh?

Find out what the average Edinburgh salary is

The average edinburgh salary in the United Kingdom is £33,596 per year or £17.23 per hour. Entry level positions start at £25,000 per year while most experienced workers make up to £55,000 per year.

Is 28000 a good salary Scotland?

The average salary in Scotland is just under £28,000. Higher earners paying more means we have more money for prescriptions and transport — things we all benefit from collectively.