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How expensive is Norwich (UK)

 
Ranch Hand
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One of my friend is going onsite . There he will be paid around 2500-2700 pounds per month . How much can one save there ?
How expensive is the city ?
 
Ranch Hand
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This is quite an amusing question. I've never actually lived in Norwich so I have no real idea of the prices there, but I'll have a go at answering the question.

Based on the house price index from nationwide we have some base information on which to do calculations. A more reliable marker in my opinion would be to find out how much a pint of beer is (but no online sources for that that I've found).

I live in the "Outer-Metropolitan" area, and Norwich is classed as "East Anglia". The initial price is the price I bought my house at. This isn't an indicator of much, as house prices have soared over the past 5 years.


A property located in Outer Metropolitan which was valued at �128000 in Q1 of 1999, would be worth approximately �270112 in Q3 of 2005.

A property located in East Anglia which was valued at �128000 in Q1 of 1999, would be worth approximately �303464 in Q3 of 2005.



I would put the living prices at roughly the same as where I live. If the wage you quoted is net, (i.e. that is how much he gets in his bank account), then he should be fine.

If that is the gross wage, and he's paying UK tax, then I would subtract about 25-30% of that as tax (2500 * 12 == 30k, which may put you in the higher tax bracket) leaving you with approx 1800 per month.

To give you an idea of prices, to rent a 1 bedroom apartment in my town, is about 500-700 GBP per month, utilities extra say, 150 GBP (includes what in the UK we call "poll tax"). This still leaves you with about 1000GBP a month as cash that you will live on / save. How much your friend saves is going to be entirely dependent upon how much socialising he does

Hope that helps
L
 
Greenhorn
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Hi Lavjeet,
I'm not the best person to answer this as I live and work in central London. So by my standards - Norwich is inexpensive. However, ~�2600 per month is a *very* fair wage - in London.
It's my guess that most folks go by two basic requirements 1) somewhere to stay; and 2) beer. Beer's about �2 a pint in Norwich!
 
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