London vs New York Money wise

Question

I know there has been a lot of discussion about this, but what is the difference in income between both cities after taxes? How about for the long run, do VPs bring in more in London than in NY? Is it hard for someone who studied in a top Uni in the UK to get a job in NY right after finishing a master degree, or is that only possible after having some years of experience?

London vs.

fp175 · Accepted Answer

There's a lot of it here.

The cost of rent is not significantly higher in London than it is in New York--at the level of income you'll have as an analyst. I'm considering a place in a 3-bed flat in one of the most expensive areas of London, paying Â£680/month. If you do the calculation of 30% of post-tax income as a standard for rent, I'm well under.
I think I'm the only American in my analyst class, but that's just because I went to a British university for a masters.

monyet · Answer

Say what you like about London, but one thing London certainly does have is an abundance of great tasting food. I'm fat, I should know. Thanks to the large number of Indian, Pakistani, Turkish, and other immigrants, London's food scene is extremely metropolitan. I grew up in Asia so I think I have a good sense of what real Indian and other ethnic food should taste like; the Indian food in London far outstrips anything I've tasted in America.

Alpine · Answer

fp1751. The cost of rent is not significantly higher in London than it is in New York--at the level of income you'll have as an analyst. I'm considering a place in a 3-bed flat in one of the most expensive areas of London, paying Â£680/month. If you do the calculation of 30% of post-tax income as a standard for rent, I'm well under.

Which area is this?  Mayfair?  I'm looking at a 1-bedroom flat right now and am having trouble finding anything bigger than 500 sq. ft. in Marylebone/ St. John's Wood/ Mayfair for less than GBP 300 per week.  That's GBP 1,300 per month for a 1-bedroom.

brotherbear · Answer

Just to be clear, how many of you have lived and worked in both London and New York?

How many of you have lived and worked in either city?

And more to the point, how many of you have been to both cities?

I have lived and worked in both cities, and there isn't much of a difference.  Both London and New York are fantastic cities--probably the best the world has to offer.  London is more cosmopolitan than New York (which has a far larger percentage of Americans in the city than London has of Brits).

I have a hard time believing that New York is LESS RACIST than London.

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London vs New York Money wise

London vs. New York Cost of Living Differentials

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London vs New York Money wise

London vs. New York Cost of Living Differentials

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