Hacker News Reader

Hacker News

Comment by TomMarius | Hacker News Reader

Parent Full thread

TomMarius

$100k gives you a really nice lifestyle anywhere in Europe.

View on HN

Before or after taxes?

After taxes even (source: I work from a rural part of France. Some years I've earned less, most years a lot more).

So then how much is $100k before taxes?

after taxes

In Denmark after taxes you would probably have about 329,000+ dkk, which yes, that is a pretty good half a middle class couple. So you can take care of half a family on that reasonably, not astoundingly great, but quite reasonable.

on edit: actually looking at wages in Denmark I see I am somehow doing a lot better than I thought, which is pretty much amazing to me considering how badly I thought I was doing. Since I am making about that amount after taxes. hmm.

Eh, I live in Sweden and I make around that much before taxes and me and my wife could manage with just my paycheck if we really had to. That's with a mortgage on a house, two cars, and a four year old kid.

I doubt the cost of living in Denmark is that much higher than Sweden, so I'd say you're living beyond your means if you can't make it work on 329K DKK after tax...

Denmark is more expensive but ultimately it'd depend on the area and so on.

Have you been to copenhagen? If u’d head out to eat you won’t find anything for less than 500 SEK/pp unless u want fast food. Drinks are cheap though :)

No, I've never been to Denmark at all. That sounds really expensive. Not even Stockholm is that expensive (I live 60 KM south of Stockholm).

If you go out to eat there at a normal place, it'll be more like 300-400 SEK (~280 DKK) per person including 1-2 alcoholic beverages.

$100K before taxes would leave about half of it in most countries in Europe.

Just for the context,that's what I could afford back home in the capital: https://m.aruodas.lt/namu-nuoma-vilniuje-antakalnyje-bistryc...

You can't compare US taxes to EU taxes. Paying these (taxes and social contibutions) you also get something in exchange: free public medical care, free education, state pension, various safety nets. Although quality and amount depends on country.

Except major cities like London, Paris, Dublin where it is somewhere around 'table stakes'.

You must be kidding. $100k a year is more than enough to not think about money (for one person) in all European cities, including London. Except if you suck at personal finance and spend all your money for unnecessary things.

So is it enough to not think about it or not enough so that you must think about it to not spend unnecessarily

It's enough that you don't have to worry about your ability to save money. It doesn't mean you never have to think about money at all.

When I moved to London I was surprised how low salaries were, even after factoring in social services like the NHS. 100K USD (80,000GBP) is a very good salary there.

If you have more than a single child of school age, £90k in London is not that much. Two kids at a private school in Northern England will run you £30k, I imagine in London it will be a tad more.

Never mind private schools, housing costs go through the roof if you want them to have their own room or, god forbid, a garden. Not to mention nursery fees if you both need to work to cover the mortgage and bills.

Sure, you wouldn't send them to private school on that income. But it's far from a necessity; <10% of kids are privately educated.

I explitliy mentioned: for one person. Of course, if you want to raise a family with private schols and a big house in the middle of London, that won't work. But let's not twist my words here.

> I explitliy mentioned: for one person.

1950 called, they want their mononuclear family stereotypes back.

I've lived and worked in two of those cities (and one other almost as expensive european city) for much less than $100k/year. It's a pretty comfortable lifestyle from about $50k upwards.

Sure, if you are happy living like a student. If you want to own a place in a reasonable part of town? If you want to be able to have a child? If you don't want to have to rely on two incomes to pay the mortgage? I didn't say it wasn't possible to live on that, only that that kind of salary was table stakes in those cities i.e. it's adequate but hardly living like a king.

Personally I can think of a plenty of other places I'd rather live in where you could truly live well on that kind of money.

Source: I live in the first of those on a similar salary.

There's a world of a difference between living like a student and owning property in a reasonable part of Dublin/London. a €45,000 salary (which is roughly $50k) is definitely a comfortable, non student lifestyle. It's not going to buy you a decent house in Dublin, but it's a comfortable lifestyle, and more than adequate.

€45,000 does sound a bit low. I lived on €40,000 (after taxes, rent was only 8-10% of the yearly income) in Croatia and lived like a king (travelling, restaurants, buying stuff without worrying about the price, massive amounts of good quality food).

Moving to any other major European city would require me to at least double the income to maintain my standards.

can you share what are the taxes for 100K/year? And then the basic costs like housing and groceries? what about vacations?

https://www.thesalarycalculator.co.uk/salary.php - take home on $100k in England is about £55,000 ($68k) and london living costs are https://www.numbeo.com/cost-of-living/in/London.

https://ie.thesalarycalculator.co.uk/salary.php Says take home on $100k in ireland is ballpark €55,000 ($62k), and living costs are here - https://www.numbeo.com/cost-of-living/in/Dublin -

$100K before taxes is decent salary in London. It's not a lot a lot but that's what a senior developer would make in most companies (excluding financial sector+ some extremely funded shops). Would you stop worrying about money? No,of course not.But you could afford to live in decent area,drive normal car,have some nice holidays in pretty places + put some aside for rainy day.Of course,this is London,so no matter what kind of money you make, there's always someone making x10 times that. But isn't that's the case anywhere?

Does this include having a family?

Doable but it won't be something amazing. $100K would translate to about £4600/monthly (after tax). Housing: £2000-2500(2-3 bed, decent area) Food: £600-800(normal food) Transport: £500-£700(public transport for both +1 car/)

£80k income puts you in the top 2% of the UK. Something that 98% of people (lower in London but not vastly lower) manage without can hardly be called "table stakes".

Yes HN is weird like that. Every time salaries are discussed people jump out with comments like : " 100k yearly after tax? That would merely serve you to live in a rented room and eating just ramen every-day".Then you go check and that kind of income is like top 3% , so either they are bullshitting or capitalist societies are in a dramatic state.

> Yes HN is weird like that. Every time salaries are discussed people jump out with comments like : " 100k yearly after tax? That would merely serve you to live in a rented room and eating just ramen every-day"

This one isnt really HN alone. Mostly just extremely privileged developers without much perspective.

At current exchange rates, $100k is about £80k or €88k.

In the UK that pre-tax income would put you well in the 95th percentile.

Post-tax the 97th percentile.

Reply on news.ycombinator.com