What's a good wage for Dublin ?

Hollister11

The average wage is 36K or something, but I'm looking to find out what's a good wage to live on in Dublin.

Enough to rent/save for deposit/pay mortgage. Pay your bills, save, eat out often ect ect.

Is 40K enough, or would you need 60/70K

Captain Chaos

60-70k if you want to be able to rent on your own and save and have a good social life plus run a car.

On 36k you can just about rent on your own but you won't have much of a social life and won't be able to save, it's just enough week to week to exist. If you have a car too it's even harder.

The_Conductor

Its a bit of a how long is a piece of string question to be honest.

1. Where are you willing to consider renting
2. Are you talking about renting your own place- or sharing
3. Do you have transport costs to add to the equation (car etc)?
4. When you're eating out- what do you have in mind?
etc. etc.

Keep in mind we are an incredibly high tax economy for employees- aka once you hit 33k- every penny over is taxed at >50% (including various levies and surcharges).

40k- if you're renting- and expect to eat out regularly- probably isn't going to leave you leeway to save- however, it depends on what you mean by eating out- and where you're willing to consider living (cognisant that if you move further out- you'll have to add transport into the equation too.........)

jive

Captain Chaos wrote: »

60-70k if you want to be able to rent on your own and save and have a good social life plus run a car.

On 36k you can just about rent on your own but you won't have much of a social life and won't be able to save, it's just enough week to week to exist. If you have a car too it's even harder.

Ah c'mon, that's about €29k/year after tax. €2400 a month is plenty to comfortably live on and enjoy a good social life. Take €400 to run your car (avg per month incl. tax/insurance) and €1000 rent+billsrent you're still left with €1000.

If you had a family to feed and look after then the €1000 wouldn't be long going but if it was just yourself you could have mighty craic on €36k!!

o1s1n

jive wrote: »

Ah c'mon, that's about €29k/year after tax. €2400 a month is plenty to comfortably live on and enjoy a good social life. Take €400 to run your car (avg per month incl. tax/insurance) and €1000 rent+billsrent you're still left with €1000.

If you had a family to feed and look after then the €1000 wouldn't be long going but if it was just yourself you could have mighty craic on €36k!!

If you want to rent your own place (and not live in a house share etc) it's going to cost you a good bit more than 1k. And that's before bills.

The_Conductor

jive wrote: »

Ah c'mon, that's about €29k/year after tax. €2400 a month is plenty to comfortably live on and enjoy a good social life. Take €400 to run your car (avg per month incl. tax/insurance) and €1000 rent+billsrent you're still left with €1000.

If you had a family to feed and look after then the €1000 wouldn't be long going but if it was just yourself you could have mighty craic on €36k!!

Jive- according to the AA- the average cost to run a car per year (all told- tax, insurance, fuel, servicing, upkeep etc) is over 10k- not the 400 a month you're quoting. I spent over 400 last month on diesel- never mind any other costs......

1000 a month for rent and bills- if you're in a houseshare- is possible- if you're renting yourself- its a complete non-runner. Average rent though- is over a thousand a month as per this article this morning on RTE: http://www.rte.ie/news/2016/0510/787318-rents/

You're idea of 'mighty craic' on 36k- really isn't realistic- it depends entirely on the lifestyle the OP is used to- but a significant amount of eating out etc- most probably is a pipe dream.

Mrs OBumble

jive wrote: »

Ah c'mon, that's about €29k/year after tax. €2400 a month is plenty to comfortably live on and enjoy a good social life. Take €400 to run your car (avg per month incl. tax/insurance) and €1000 rent+billsrent you're still left with €1000.

If you had a family to feed and look after then the €1000 wouldn't be long going but if it was just yourself you could have mighty craic on €36k!!

Pension contributions?
Savings for a rainy day?
Savings for holidays?
Clothing / makeup / sports gear?
Christmas / birthday / wedding presents?
Healthcare / health insurance?
Contents insurance? (probably only a tenner a month, but it all adds up)


1k wouldn't go far at all.

jive

o1s1n wrote: »

If you want to rent your own place (and not live in a house share etc) it's going to cost you a good bit more than 1k. And that's before bills.

Fair point my rental figure is cutting it fine although I do think you can get studios for €800-1000 in Dublin surely? Obviously tacking on various expenses will drive it up over a grand. I'm not familiar with the rental market (my life is grim enough!!).

The_Conductor wrote: »

Jive- according to the AA- the average cost to run a car per year (all told- tax, insurance, fuel, servicing, upkeep etc) is over 10k- not the 400 a month you're quoting. I spent over 400 last month on diesel- never mind any other costs......

1000 a month for rent and bills- if you're in a houseshare- is possible- if you're renting yourself- its a complete non-runner. Average rent though- is over a thousand a month as per this article this morning on RTE: http://www.rte.ie/news/2016/0510/787318-rents/

You're idea of 'mighty craic' on 36k- really isn't realistic- it depends entirely on the lifestyle the OP is used to- but a significant amount of eating out etc- most probably is a pipe dream.

OP isn't interested in a houseshare so I'll avoid getting into that.

If we are to assume a high rental figure then I'd also have to assume a good location which likely means that they won't be spending that much on diesel as their commute will be on foot/bike or by public transport.

Obviously car costs will differ from person-to-person. I spend €50/month on diesel, for example, and my tax+insurance for the year was €1k. My costs would be significantly <€10k even if I was to bang on a new set of tyres every month.

Mrs OBumble wrote: »

Pension contributions?
Savings for a rainy day?
Savings for holidays?
Clothing / makeup / sports gear?
Christmas / birthday / wedding presents?
Healthcare / health insurance?
Contents insurance? (probably only a tenner a month, but it all adds up)

1k wouldn't go far at all.

€1k would go as far as you want it to go if you're a single person with no dependants. You wouldn't be making any kind of headway on the deposit front but you could certainly have the craic with that salary.

As someone said it's a case of how long is a piece of string. You're not going to be saving for a house on €36k in Dublin renting your own place but you can certainly have a good social life (or save for a deposit but forego the expensive side of socialising!).

ted1

Hollister11 wrote: »

The average wage is 36K or something, but I'm looking to find out what's a good wage to live on in Dublin.

Enough to rent/save for deposit/pay mortgage. Pay your bills, save, eat out often ect ect.

Is 40K enough, or would you need 60/70K

That's the average industrial wage. Are you going to be living on your own or do you have dependants ?

Technocentral

500 a week after tax I reckon for single person renting half decent one bed flat or apart, whatever that is gross, 250 a week rent. 250 a week left for food bills and socialising, won't leave much to save though.

Edit looked up tax calc, 36 a year gross gets you 559 a week after tax, not bad for single person.

Skatedude

As a experienced maintenance technician for big companies like hp, ibm etc fot about 20 years, I hope to to hit the 35/36 mark by the time i'm 45.

You might a bit off on the average wage.

There is average wage for solicitors, then average for engineers, then doctors etc, then the other 80 or so percent of the population. Again, how average is the length of a piece of string?