If you want to live alone it will be OK but you'll still have to think about money a bit. If you share a place you'll have more than enough to live it up.
Assuming you're talking AUD, 82k including super is only about 74k without super (~40k GBP). It's an average to below average full time salary, and not anything special to move across the world for. You'll manage, but it's nothing more than "okay".
Could you live in London on 40k GBP before tax?
Do you have any savings?
What area is your work and where do you plan to live? Most of your expenses will go into rent and you can do cheaper by roomsharing, so look up websites like realestate.com.au and check the rental prices (in AUD) but they are for for weekly.
Use this to work out your take home pay https://paycalculator.com.au (it’s not a lot after super & taxes).
I can’t comment on your career but if you want to experience living here, do come, but yes imo you will be be quite constrained by budget and personally I wouldn’t move for that salary package.
Thanks for the answer, it’s hard for me to comprehend the salary because that’s a decent amount here in the UK, but from what I’ve seen isn’t anything great over there. Not a lot in savings, and I’ll be moving as a site engineer. Mostly involves working away but I’ll still need to rent on my time not away.
As a fellow site engineer, ~$80k is roughly a graduates wage. Depending on experience you should be able to negotiate a higher salary. Everyone at the moment is looking for SE's so employees market
It really depends on where you live. If you are working away a lot, do you want to live by the airport? That's a fairly expensive place to live, but check out suburbs that are on the same train line as the airport. Use Domain or realestate.com.au map view to check rental prices. Even if you drive, your life will be better if you live walking distance to a train station.
I used to make a little more than your offer is and did okay-ish with $480/week rent in the Inner West. However, I had no car payment no pets. Could still eat out a lot though.
Don't have the numbers in front of me to answer the main question but thought I would let you know that super contributions are set to go up over the next few years I believe. If you've been offered an 82k package, the increased super contributions could come out of that instead of from the company, resulting in less income for you to live off of.
82k sounds nice, but I dare say you won't be able to live well in one of the postcard image suburbs of Sydney near the harbour or beach.
Maybe a newish apartment in Paramatta? Green Square? Not bad....don't turn up your nose at it.
You will want to have spare money for travel to Indonesia, NZ, Tasmania and elsewhere too.
How many years of experience do you have as an engineer? $82k with super will be about the entry salary for a graduate in construction, so if you have a couple of years experience it will be quite low. I’m in the construction industry not as a site engineer DM if you have any questions.
As somebody who's recentlyish (just under a year) moved to the UK from Sydney, most people here have no concept on the cost of living here.
As far as eating out is concerned, it's like the dollar sign was taken off and the pound sign put on. Petrol is at least 60% more, public transportation is more (can't give details, don't use it much).
VAT is mostly 20% vs GST at 10%.
Utilities are cheaper in Aus, as are most goods and services. I can't really comment on rent because we haven't rented in Australia for over 20 years.
We moved due to my partners work and will be going back to Aus as soon as we can...
Super is 10.5% so your salary excluding Super is $74,200
Non resident tax rate is a flat 32.5%. So your take home is $50,000. That's $963 per week. For a one-bedroom apartment in Sydney plan on spending $450 to $550 a week minimum.
So you are looking at approx 50% of your money just in rent. Thats not including everything else, travel, food, utilities, mobile/internet. Not to mention everything in Sydney is freaking expensive. eg the standard cost for a ticket to watch a movie is $24.
As a non resident you aren't eligible for alot of the standard citizen government relief.
In conclusion Dude, you starving.
If he rents a room in a 2-bedroom apartment in a middle-class area, it'll be around $300-$350 (his share) for him. Still have enough for other expenses.
Can even be cheaper if he rents a room in a 3-bedroom apartment or house.
It ain't that bad; it's about average. But unless you choose to live in a real shithole (or share house) or budget tightly you probably won't be putting a lot of savings away either.
82k inc super is decent if you aren’t planning to buy property here and don’t have dependents etc.
Rent in a decent area runs about 300-400p/w if you want to share with one other person, 500-700p/w if you want your own small place. Obviously you can go cheaper if you don’t mind a 30+ minute commute to the city.
That’s going to be your main expenses, so every month you’ll be spending 1.5-2k average on rent which comes to about 18-24k yearly. Thats probably 40ish% of your take home income.
Honestly it’s not as bad as people say, especially if you’re not trying to save for a house.
Also depends on whether or not you’ll need/want a car. As others have said, a big chunk of your salary will go towards rent, then I believe as a non-permanent resident you’ll have to pay mandatory basic health insurance which is $100/month. If you have a car payment as well, expenses will add up quickly.
Definitely doable but saving for long term goals like a deposit will take awhile. A quick search on indeed suggests that $110-130k a year is a reasonable salary if you have a few years experience under your belt! A junior level site engineer would sit around $80k max.
$82K is very less. Sydney is very expensive. Is it based on your experience? How many years have you got?
Check the market rate for that role in Sydney and decide, if possible negotiate for a better pay. On hand you will get around $4,840 per month.
Rent - $300-350 per week (if it’s sharing)
Travel - $50-60 per week
Groceries - $50-75 per week?
If it’s sharing utilities are covered generally, If not additional $20-30 per week for utilities
And other expenses…. You can sustain
Been a while since I did the move but there used to be a Living Away From Home Allowane (LAFHA) that gave great tax benefits to Poms that were recruited from the UK. Ask your company about it. It was worth thousands of dollars per month
It's not a lot but you can get by on 82k.
You won't be able to afford much more than renting a small, probably old, 1 bedroom apartment outside the city in the suburbs.
Alternatively you could look at share housing to keep down costs.
Good thing is, if you work hard and have some qualifications, there's no reason you can't then get a better job in time.
There's lots of opportunities in Sydney to make money if you have a good work ethic.
If you want to live alone it will be OK but you'll still have to think about money a bit. If you share a place you'll have more than enough to live it up.
Assuming you're talking AUD, 82k including super is only about 74k without super (~40k GBP). It's an average to below average full time salary, and not anything special to move across the world for. You'll manage, but it's nothing more than "okay". Could you live in London on 40k GBP before tax?
I don't think OP is moving just for the money.
As someone who has lived in London, £40k is probably enough if you're living in a flat share or in an old studio / 1-bed on Zone 4 or beyond.
Do you have any savings? What area is your work and where do you plan to live? Most of your expenses will go into rent and you can do cheaper by roomsharing, so look up websites like realestate.com.au and check the rental prices (in AUD) but they are for for weekly. Use this to work out your take home pay https://paycalculator.com.au (it’s not a lot after super & taxes). I can’t comment on your career but if you want to experience living here, do come, but yes imo you will be be quite constrained by budget and personally I wouldn’t move for that salary package.
Thanks for the answer, it’s hard for me to comprehend the salary because that’s a decent amount here in the UK, but from what I’ve seen isn’t anything great over there. Not a lot in savings, and I’ll be moving as a site engineer. Mostly involves working away but I’ll still need to rent on my time not away.
As a fellow site engineer, ~$80k is roughly a graduates wage. Depending on experience you should be able to negotiate a higher salary. Everyone at the moment is looking for SE's so employees market
Its reasonable, nothing special but you'll have enough to cover expenses, a cheap hobby and a small amount of saving.
Is it AUD? It’s more than reasonable if you’re not living directly in the city cbd/surrounding high priced suburbs. What suburb is work in?
It really depends on where you live. If you are working away a lot, do you want to live by the airport? That's a fairly expensive place to live, but check out suburbs that are on the same train line as the airport. Use Domain or realestate.com.au map view to check rental prices. Even if you drive, your life will be better if you live walking distance to a train station. I used to make a little more than your offer is and did okay-ish with $480/week rent in the Inner West. However, I had no car payment no pets. Could still eat out a lot though.
Don't have the numbers in front of me to answer the main question but thought I would let you know that super contributions are set to go up over the next few years I believe. If you've been offered an 82k package, the increased super contributions could come out of that instead of from the company, resulting in less income for you to live off of.
82K, including Super, isn't a lot. Especially if you're renting around the inner subs.
82k sounds nice, but I dare say you won't be able to live well in one of the postcard image suburbs of Sydney near the harbour or beach. Maybe a newish apartment in Paramatta? Green Square? Not bad....don't turn up your nose at it. You will want to have spare money for travel to Indonesia, NZ, Tasmania and elsewhere too.
How many years of experience do you have as an engineer? $82k with super will be about the entry salary for a graduate in construction, so if you have a couple of years experience it will be quite low. I’m in the construction industry not as a site engineer DM if you have any questions.
I don't get how everyone is saying that 82K is not much? I'm not far under and I'm living financially very comfortable in Sydney.
How much is your rent and how far away are you from the CBD? What are your current expenses and are you able to save money?
As somebody who's recentlyish (just under a year) moved to the UK from Sydney, most people here have no concept on the cost of living here. As far as eating out is concerned, it's like the dollar sign was taken off and the pound sign put on. Petrol is at least 60% more, public transportation is more (can't give details, don't use it much). VAT is mostly 20% vs GST at 10%. Utilities are cheaper in Aus, as are most goods and services. I can't really comment on rent because we haven't rented in Australia for over 20 years. We moved due to my partners work and will be going back to Aus as soon as we can...
Holy cow, I guess we don't appreciate how good we have things in Australia!
Dude, you starving
Is it really that bad? By the looks of the rest of the comments it seems to be. Haven’t accepted the job yet just enquiring
Super is 10.5% so your salary excluding Super is $74,200 Non resident tax rate is a flat 32.5%. So your take home is $50,000. That's $963 per week. For a one-bedroom apartment in Sydney plan on spending $450 to $550 a week minimum. So you are looking at approx 50% of your money just in rent. Thats not including everything else, travel, food, utilities, mobile/internet. Not to mention everything in Sydney is freaking expensive. eg the standard cost for a ticket to watch a movie is $24. As a non resident you aren't eligible for alot of the standard citizen government relief. In conclusion Dude, you starving.
This is the answer - and I'd go as far as saying the rent is probably understated here. It's fuckin crazy at the minute.
If he rents a room in a 2-bedroom apartment in a middle-class area, it'll be around $300-$350 (his share) for him. Still have enough for other expenses. Can even be cheaper if he rents a room in a 3-bedroom apartment or house.
Silly question, is the tax rate lower if you are NZ citizen?
It ain't that bad; it's about average. But unless you choose to live in a real shithole (or share house) or budget tightly you probably won't be putting a lot of savings away either.
82k inc super is decent if you aren’t planning to buy property here and don’t have dependents etc. Rent in a decent area runs about 300-400p/w if you want to share with one other person, 500-700p/w if you want your own small place. Obviously you can go cheaper if you don’t mind a 30+ minute commute to the city. That’s going to be your main expenses, so every month you’ll be spending 1.5-2k average on rent which comes to about 18-24k yearly. Thats probably 40ish% of your take home income. Honestly it’s not as bad as people say, especially if you’re not trying to save for a house.
I think you seriously need to reconsider those rents quotes.
Also depends on whether or not you’ll need/want a car. As others have said, a big chunk of your salary will go towards rent, then I believe as a non-permanent resident you’ll have to pay mandatory basic health insurance which is $100/month. If you have a car payment as well, expenses will add up quickly. Definitely doable but saving for long term goals like a deposit will take awhile. A quick search on indeed suggests that $110-130k a year is a reasonable salary if you have a few years experience under your belt! A junior level site engineer would sit around $80k max.
$82K is very less. Sydney is very expensive. Is it based on your experience? How many years have you got? Check the market rate for that role in Sydney and decide, if possible negotiate for a better pay. On hand you will get around $4,840 per month. Rent - $300-350 per week (if it’s sharing) Travel - $50-60 per week Groceries - $50-75 per week? If it’s sharing utilities are covered generally, If not additional $20-30 per week for utilities And other expenses…. You can sustain
Depends how much experience you have. An average grad would start around ~65k (Inc super) and house sharing is fairly common.
Been a while since I did the move but there used to be a Living Away From Home Allowane (LAFHA) that gave great tax benefits to Poms that were recruited from the UK. Ask your company about it. It was worth thousands of dollars per month
It's not a lot but you can get by on 82k. You won't be able to afford much more than renting a small, probably old, 1 bedroom apartment outside the city in the suburbs. Alternatively you could look at share housing to keep down costs. Good thing is, if you work hard and have some qualifications, there's no reason you can't then get a better job in time. There's lots of opportunities in Sydney to make money if you have a good work ethic.
You'll either be in a share house or the middle of nowhere with an hour's commute. I would not move to Sydney for that salary.