I am about to move to london and curious about the rents. Looking at 1 bedders I am realistically going to be paying 1200+ pcm.
Going to be on a consulting salary of 60k (+15k bonus which seems to be a 50/50 chance of getting). This is aprox 25% of my gross basic pay. Is this a little too indulgent? I really want to a one bedder but may also look at sharing, effectively cutting my rent by 500 pcm.
I know it really depends on what I want to save but surfice to say I am 28, single and prob looking to get on the property market but not in the next year etc
So, what % of gross do you consultants pay on rent? I just want to try and benchmark my outgoings and understand if people are actually rincing money on rent like I am expecting to do.