Average Cost of Living

Keawyeds

Striker
Via some lass in recruitment on LinkedIn here's a bunch of stats - I note she didn't provide evidence but there you go.
Assuming she's right - or vaguely right, what do we think about this lot?

The average graduate starting salary in the U.K. is £24,217, broadly speaking.
After tax, this leaves the average graduate with a take home pay of £1,614 each month.

🏡The average UK rental cost is £997 per month.

⚡️The average UK gas and electric bill is £94.35 per month.

👩‍💻Broadband is on average £27.39 per month

🗂Average council tax is £158.16.

💧Water is going to cost you an average of £33.05 each month.

☎️An average monthly phone bill is £45.60.


My first salary when I left Uni in 2006 was £18,500. I appreciate I don't do what I do for the money, but I'm not on a massive amount more than what graduates are on it seems! Bugger. Wrong career!
Average rental at £997?! If bet if you took London out of that it would drop. That might be average rental per flat, but it can't be per person, Shirley?

Average phone bill - £45.60 - Change. Your. Tariff. If your broadband at home is £28 and you're paying that much for your mobile, you might as well sack off the broadband and up your phone data.
Crackers...

So, what do we make of those figures? About right or are you being fiscally fisted for more?
 


Via some lass in recruitment on LinkedIn here's a bunch of stats - I note she didn't provide evidence but there you go.
Assuming she's right - or vaguely right, what do we think about this lot?

The average graduate starting salary in the U.K. is £24,217, broadly speaking.
After tax, this leaves the average graduate with a take home pay of £1,614 each month.

🏡The average UK rental cost is £997 per month.

⚡️The average UK gas and electric bill is £94.35 per month.

👩‍💻Broadband is on average £27.39 per month

🗂Average council tax is £158.16.

💧Water is going to cost you an average of £33.05 each month.

☎️An average monthly phone bill is £45.60.


My first salary when I left Uni in 2006 was £18,500. I appreciate I don't do what I do for the money, but I'm not on a massive amount more than what graduates are on it seems! Bugger. Wrong career!
Average rental at £997?! If bet if you took London out of that it would drop. That might be average rental per flat, but it can't be per person, Shirley?

Average phone bill - £45.60 - Change. Your. Tariff. If your broadband at home is £28 and you're paying that much for your mobile, you might as well sack off the broadband and up your phone data.
Crackers...

So, what do we make of those figures? About right or are you being fiscally fisted for more?
That will be average rental price for a property.

It’s actually estimated to be slightly higher now at £1007.
 

Must be bored

Goalkeeper
London will definitely skew it but what's her point with the post? Why is she comparing an average starting salary with the average cost of living? When starting a career straight out of uni surely people don't expect to immediately jump to the midpoint of the housing ladder. They're also likely to have lower utility costs living in smaller properties and without a large family earlier in life
 

42

Winger
That will be average rental price for a property.

It’s actually estimated to be slightly higher now at £1007.

Massively skewed by London & SE I reckon. Before my misses moved in with me (5 years back) she was £400 a month for a 3 bed semi in one of the better parts of the area.

A few months back we noticed same house was back up for rent for £450 (with new kitchen & bathroom)
 

JAZZMANB

Striker
Via some lass in recruitment on LinkedIn here's a bunch of stats - I note she didn't provide evidence but there you go.
Assuming she's right - or vaguely right, what do we think about this lot?

The average graduate starting salary in the U.K. is £24,217, broadly speaking.
After tax, this leaves the average graduate with a take home pay of £1,614 each month.

🏡The average UK rental cost is £997 per month.

⚡️The average UK gas and electric bill is £94.35 per month.

👩‍💻Broadband is on average £27.39 per month

🗂Average council tax is £158.16.

💧Water is going to cost you an average of £33.05 each month.

☎️An average monthly phone bill is £45.60.


My first salary when I left Uni in 2006 was £18,500. I appreciate I don't do what I do for the money, but I'm not on a massive amount more than what graduates are on it seems! Bugger. Wrong career!
Average rental at £997?! If bet if you took London out of that it would drop. That might be average rental per flat, but it can't be per person, Shirley?

Average phone bill - £45.60 - Change. Your. Tariff. If your broadband at home is £28 and you're paying that much for your mobile, you might as well sack off the broadband and up your phone data.
Crackers...

So, what do we make of those figures? About right or are you being fiscally fisted for more?
Bottom half are about right ,tv related stuff (sky netflix amazon and playstations )all need broadband .
 

Gazoliver

Winger
Via some lass in recruitment on LinkedIn here's a bunch of stats - I note she didn't provide evidence but there you go.
Assuming she's right - or vaguely right, what do we think about this lot?

The average graduate starting salary in the U.K. is £24,217, broadly speaking.
After tax, this leaves the average graduate with a take home pay of £1,614 each month.

🏡The average UK rental cost is £997 per month.

⚡️The average UK gas and electric bill is £94.35 per month.

👩‍💻Broadband is on average £27.39 per month

🗂Average council tax is £158.16.

💧Water is going to cost you an average of £33.05 each month.

☎️An average monthly phone bill is £45.60.


My first salary when I left Uni in 2006 was £18,500. I appreciate I don't do what I do for the money, but I'm not on a massive amount more than what graduates are on it seems! Bugger. Wrong career!
Average rental at £997?! If bet if you took London out of that it would drop. That might be average rental per flat, but it can't be per person, Shirley?

Average phone bill - £45.60 - Change. Your. Tariff. If your broadband at home is £28 and you're paying that much for your mobile, you might as well sack off the broadband and up your phone data.
Crackers...

So, what do we make of those figures? About right or are you being fiscally fisted for more?
Some crazy numbers there such as the rent and phone bill.
I think if I was in that situation I would look to share accommodation with somebody.
 

42

Winger
Bottom half are about right ,tv related stuff (sky netflix amazon and playstations )all need broadband .

My broadband is only £12 & I can WFH, and watch Netflix at same time with no bother. My phone line rental is £17.
Both with BT, so no doubt could get it cheaper anarl
 
The figures won’t be cock on but the general sentiment that everyone (not just graduates) is having their living standards squeezed is absolutely correct.
Some crazy numbers there such as the rent and phone bill.
I think if I was in that situation I would look to share accommodation with somebody.

Most people do. They either move into a shared house with other young people or they go home to their parents.
 

safcsafc

Midfield
average rental - far cheaper in this area. Also single people I would guess generally have a smaller property. I’d say the true average cost is probably half that £500 in this area (save £497)

g&e cost - will be for a family and she is comparing to a single graduate whose bills will be lower. - £70 I’d guess

BB - chose vodaphone fibre £20 pm.

average council tax bill - deduct single persons discount of 25% = 118.62.

phone bill - sim only £10 or iPhone 11 with decent data £25

Her figures are based on a single graduate income but the average prices of living costs are bumped up by more than one occupant in a lot of properties eg families. It doesn’t seem so bad if you base it on two incomes so £3228 using her figures. Not that I believe them to be accurate (see above)

I reckon those bills she mentions plus some home insurance you’d be looking closer to £750-800 in the north east.
 
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A recent graduate on an average salary will most likely be living with parents, a partner, or flatmate so a lot of those costs will be either non-existent or shared.

As the op mentioned, things like phone contracts can be dirt cheap (personally I pay £13 a month sim-only).

Millenial graduates in some sectors probably did have a harder time moving up than previous generations imo. The financial crash of 2008 meant there were a lot of people with both the qualifications and experience going for jobs that would previously been taken by recent graduates. The upcoming pandemic recession will likely cause the same issues with Gen Z graduates imo.
 

JAZZMANB

Striker
My broadband is only £12 & I can WFH, and watch Netflix at same time with no bother. My phone line rental is £17.
Both with BT, so no doubt could get it cheaper anarl
Doesn't alter what will be an average for most
when im in the mood i pester BT and sky etc for better deals and generally get nowhere .Most people are busy and happy to pay the going rate within reason
4G or 5G would do wouldn't it?
Honestly no idea what you're on about ,see above answer
i take it you me to pggyback my phone onto the telly etc ?,cant be bothered
we're talking averages of what people pay . I'm happy using my phone on the Go but my home life doesn't revolve around it and its features
 
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London will definitely skew it but what's her point with the post? Why is she comparing an average starting salary with the average cost of living? When starting a career straight out of uni surely people don't expect to immediately jump to the midpoint of the housing ladder. They're also likely to have lower utility costs living in smaller properties and without a large family earlier in life

Sharing a house with six other people and probably having a laugh
 

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