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Cost of living / Salaries

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Hi There,

Been reading some thread's about salaries in Australia. The general impression I get is that most people seem to think it is unrealistic to live on anything below $150000 (for a family of 4, as an example).

Is there anyone here on a salary of say $50000 and surviving?

What type of occupations have these people who are earning $150k plus (one person's income not two)?


downunder

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I think it depends on your profession and family size.. I have a friend in Perth that tells me some things are cheaper and other things are far and away more expensive. Diesel is cheaper and they tell you everyday on local radio where the cheapest fuel is but supermarkets are more dear than over in the UK.

 

Myself and partner are being sponsored for a job in construction and we will hopefully have a bit of income that will be disposable.

 

Again it depends on what you do for a living .. size of family etc.... its swings and roundabouts in my opinion.


Lobeany ... crazy girl nearly in Oz :wink:

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Guest The Ropey HOFF

Where are you now downunder?

 

$50,000 is worth about £22,000 if you use the $2.2 to £1 wage equivalent rate and i think a family of four would struggle anywhere on that sort of money.

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Where are you now downunder?

 

$50,000 is worth about £22,000 if you use the $2.2 to £1 wage equivalent rate and i think a family of four would struggle anywhere on that sort of money.

 

 

I think you maybe right there ..... 22k is what perhaps 1 person would live on in the uk so family of 4 would be a real struggle!!!!!!!!! :eek:


Lobeany ... crazy girl nearly in Oz :wink:

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$50k is well below the natioanl average and a family of four would struggle, just as they would struggle in the UK if on a salary well below national average.

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Well, I'm in Ireland and the current exchange rate is 1.34 for Euro.

So at current exchange rates $50k is equal Euro 37,300, which is an okay salary in Ireland.

Plus I've been to Australia and it's no more expensive than Ireland.

What is the national average salary in Aus?


downunder

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Well, I'm in Ireland and the current exchange rate is 1.34 for Euro.

So at current exchange rates $50k is equal Euro 37,300, which is an okay salary in Ireland.

Plus I've been to Australia and it's no more expensive than Ireland.

What is the national average salary in Aus?

 

 

But even 37k euro for a family of 4 is tough going in Oz I reckon .... if there were 2 salaries maybe that would be ok but it seems pretty low to me.

 

You have to bare in mind that 50k after tax doing some quick head sums would be a take home of around ... 32k - = $2400 per month. Rental 3 bed house dependant on area will be $1200 per month before bills ... see where we are going with this ?????


Lobeany ... crazy girl nearly in Oz :wink:

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18k tax/stoppages out of 50k,whats the tax rate in oz?


"The problem with neo conservative capitalism and it's insatiable greed for more wealth and disparity amongst the populace,is that it ended up being the catalyst for the great depression and modern recession"

 

Me,tonight:wubclub:

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18k tax/stoppages out of 50k,whats the tax rate in oz?

 

okay so it would appear that tax is not as simple as we think in Oz ........... so here we are.

 

between $80k and $180 you pay back to the government $17.850 lump sum - and then 0.38c for every dollar earn t over $80k

 

SO EXAMPLE : Salary gross . 130k - total tax payable = $36.850

Of course remembering you also have medicare costs on the top of this.

 

Hope I explained that okay but gives you a rough idea


Lobeany ... crazy girl nearly in Oz :wink:

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Guest Bobby
okay so it would appear that tax is not as simple as we think in Oz ........... so here we are.

 

between $80k and $180 you pay back to the government $17.850 lump sum - and then 0.38c for every dollar earn t over $80k

 

SO EXAMPLE : Salary gross . 130k - total tax payable = $36.850

Of course remembering you also have medicare costs on the top of this.

 

Hope I explained that okay but gives you a rough idea

That seem an awful lot of tax :eek: are you sure that is correct?

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That seem an awful lot of tax :eek: are you sure that is correct?

 

 

here is the website have a look for yourself : we are currently moving over so have done our homework.

 

Individual income tax rates

 

Hope that helps


Lobeany ... crazy girl nearly in Oz :wink:

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I also gave you an example of 130k so the tax level will be different for 50k but have a look


Lobeany ... crazy girl nearly in Oz :wink:

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okay so it would appear that tax is not as simple as we think in Oz ........... so here we are.

 

between $80k and $180 you pay back to the government $17.850 lump sum - and then 0.38c for every dollar earn t over $80k

 

SO EXAMPLE : Salary gross . 130k - total tax payable = $36.850

Of course remembering you also have medicare costs on the top of this.

 

Hope I explained that okay but gives you a rough idea

Yeah you explained fine thx,was hoping it was just a simple % rate,wonder if it changes s/employed,should have asked when i was over,,something else i forgot,no change there then!:goofy:


"The problem with neo conservative capitalism and it's insatiable greed for more wealth and disparity amongst the populace,is that it ended up being the catalyst for the great depression and modern recession"

 

Me,tonight:wubclub:

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What is the national average salary in Aus?

 

I was wondering this too. I know it will be different depending on what area you are in but does anyone know what the national average is?

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Yeah you explained fine thx,was hoping it was just a simple % rate,wonder if it changes s/employed,should have asked when i was over,,something else i forgot,no change there then!:goofy:

 

find my post above here and click on the link I posted... will give you an idea but remember those rates were back from 2009/10 so may have risen slightly. :eek:

 

I hate the bloody maths of it all ..... just want to swim in the Indian ocean and drink some mohitos that's why am coming really :yes::wink:

 

Also look further down the table page on the website link there is 2011 rates which are slightly different.


Lobeany ... crazy girl nearly in Oz :wink:

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I drink whiskey,i'l have to work saturday morning to pay for it,the price of it over there lol!,thx btw


"The problem with neo conservative capitalism and it's insatiable greed for more wealth and disparity amongst the populace,is that it ended up being the catalyst for the great depression and modern recession"

 

Me,tonight:wubclub:

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I was wondering this too. I know it will be different depending on what area you are in but does anyone know what the national average is?

Not 100% tbh,but i think i seen 65 k mentioned on here,dont know if it was right tho?


"The problem with neo conservative capitalism and it's insatiable greed for more wealth and disparity amongst the populace,is that it ended up being the catalyst for the great depression and modern recession"

 

Me,tonight:wubclub:

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Guest kaylee25
Where are you now downunder?

 

$50,000 is worth about £22,000 if you use the $2.2 to £1 wage equivalent rate and i think a family of four would struggle anywhere on that sort of money.

Where I live in the Uk (South Wales) I know plenty of families who live on £22K or a bit less. I think it depends on the lifestyle you are use to.

 

Kaylee xx

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Here you go Pabs.

 

Wages / Salaries Australia

 

Cheers, Bobj.

 

Cheers Bob,S.A second to bottom:frown::laugh:,cheaper housing tho:wideeyed:


"The problem with neo conservative capitalism and it's insatiable greed for more wealth and disparity amongst the populace,is that it ended up being the catalyst for the great depression and modern recession"

 

Me,tonight:wubclub:

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Where I live in the Uk (South Wales) I know plenty of families who live on £22K or a bit less. I think it depends on the lifestyle you are use to.

 

Kaylee xx

 

22k aint enough if you drink whiskey every Saturday ey Pabs ole Pal :wink:

or like me ... the luscious Mohito !!! :wubclub:


Lobeany ... crazy girl nearly in Oz :wink:

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Guest Ironduke

Forget about comparing Aussie tax to UK tax. Even if you are an employee you can deduct a shed load of expenses, its more like the USA system. I have a good friend already over there, in the Army (so definitely an employee), he employs a tax specialist for about $100 a year and even claims this fee back against his tax! I won't list all the deductions but here's a link that may give you an idea of whats possible:

Tax tips for tough times for individuals and the self-employed in Australia - Global Financial Crisis

 

I've seen these posts about people worried if they'll earn enough so I asked another friend whoI will be earning exactly the same as if I'll be 'comfortable or scraping the pennies', he says definitely comfortable (thats on $80000)

So reassurance can be had if you find someone else on the same wage as you and if you are lucky they may share information with you about how they get by

 

Cheers

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22k aint enough if you drink whiskey every Saturday ey Pabs ole Pal :wink:

or like me ... the luscious Mohito !!! :wubclub:

Lol just a saturday Lou!me baaaaaaad!:laugh::wink:


"The problem with neo conservative capitalism and it's insatiable greed for more wealth and disparity amongst the populace,is that it ended up being the catalyst for the great depression and modern recession"

 

Me,tonight:wubclub:

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Lol just a saturday Lou!me baaaaaaad!:laugh::wink:

 

 

speak up the group cant hear you .... :tongue: RU sure its only Saturday ?????????? MMMMMM really now :wink:


Lobeany ... crazy girl nearly in Oz :wink:

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speak up the group cant hear you .... :tongue: RU sure its only Saturday ?????????? MMMMMM really now :wink:

Lmao,well i didnt turn in today,so maybe not!:cute::wink:


"The problem with neo conservative capitalism and it's insatiable greed for more wealth and disparity amongst the populace,is that it ended up being the catalyst for the great depression and modern recession"

 

Me,tonight:wubclub:

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