Income per month

ukkram

Can somebody please advise me as to how much I must earn to support my wife and 1 child per month in Dublin.
We do not do pubs that much, but prefer traveling around the area.
Both my folks and I were born in Ireland and now I would like to return.
Thank you in advance

jesus_thats_gre

God hard to say. Depends whether you want to rent etc...

Sarsfield

It's totally dependent on the lifestyle you're accustomed to or want to lead in Dublin. At the bottom end of the scale, the State, despite it's many faults, will provide a roof and won't make you starve. I don't think there is an upper limit to how much money people can spend on lifestyle in Dublin anymore. :eek:

ukkram

Thanks for that, but I intend to buy a business and therefore need this info to see what I can afford. I will be renting an apartment. With a child we can't realy do pubs and so on.
Crime is getting realy bad here in Cape Town and for my child's future we need to get back. Our parents are all passed over and we have no ties to our relatives in Ireland. We live a middle class life here if that is of any help.
Please reply
Thank you

theTinker

My father earned 30k at one stage and it gave us a middle class life style.
Its alot comparing to some people but we still managed our money carefully enough.

Father + mother + 4 kids.

Moonbeam

It wouldn't get you very far in Dublin now a days though.
It depends on the area in which you would like to livein too and if you are fussy about where you live.
Rent in Dublin and the cost of living is quite high.

Outside of Dublin it does improve.

LundiMardi

well for a small 2 bed apartment in Dublin you're looking at at least 1200 per month. To feed a family of 3 you'd need about 200-400 a month. Utility bills could mount up to 100-200 a month. I would also imagine that just to have money day to day for 3 people maybe 500+ per month...

It could work out quite costly to support a whole family to be honest. You'd need at least 2500 up front for your apartment.

DubDani

I would say for a decent lifestyle you will need at least 3200 Euro a month after taxes (considering about 1300-1400 Euro rent for a nice 2 BR apartment or a decent 3 BR house in the outskirts).

ixoy

A lot will depend on where you'd like to rent. If you're with a family, you'll need probably 3 bedrooms - so that rules out being close to town if you're budgeting. Let's say 1400PM to get somewhere half decent that would enable you to enjoy a middle class lifestyle (in a middle-class shoebox).

Food would probably creep up to 300PM easily. Again, depends on what you want. You could go the simple cheap route and shop economically and save a lot of money or buy more gourmet style food and easily shoot those figures up.

ESB bills in my previous place were about €350 over a 2-month period. That was with four people. So let's call it €200. Throw in other bills (telephone, tv, etc) and say €250 pm.

Travel - do you intend to use a car? Or public transport? No idea how much a car is to use, but public transport could set you the guts of near €100 a month if you're coming in from a commuter belt.

So that's a basic 2k per month. And that's before the various other costs associated with a family, that I've no clue about.

You'd certainly want to be pulling above the average industrial wage (over 33k+) if you want to even attempt to get to a semblance of a "middle class" life style, otherwise you might have to "rough" it that bit more. Rough guess, I'd imagine mid-40s for that life style you want, but am open to correction from people who are suppoting families

John Mason

Well, i pay out about 2k a month, after mortgage, bills etc - but this is not including food, petrol, socialising, clothing and mobile phone. as its just me, my food costs arent that high

Rollo Tamasi

This is a search for 3 bedroom lettings in Dublin for €1,400 and under
The southside of Dublin is a wealthier area to live than the northside. All the even numbers (2,4,6...) are used as postcodes for the southside while all the odd numbers are for the northside. The best locations for to leave in would probably be Terenure, Rathgar, Blessington, (all in Dublin 6/6W)...i think anyway.

LundiMardi

Blessington is in Wicklow

ukkram

Wow, with that kind of money you can live the highlife here in SA. No wonder there are so many Ire in South Africa. A beer costs E0.8 at a pub and E0.5 if you drink at home. I have a 2 bedroom flat with amazing sea views and pay E310.00 PM.

00112984

ukkram wrote:

Wow, with that kind of money you can live the highlife here in SA... I have a 2 bedroom flat with amazing sea views and pay E310.00 PM.

Cripes! I have a 2 bedroom apartment with amazing views of other apartments in Dublin City Centre and the mortgage is €2.1k/month.

Wanna swap?? Puh-lease? My place is ground-floor and very child friendly.

lodgepole

ukkram wrote:

Wow, with that kind of money you can live the highlife here in SA. No wonder there are so many Ire in South Africa. A beer costs E0.8 at a pub and E0.5 if you drink at home. I have a 2 bedroom flat with amazing sea views and pay E310.00 PM.

Out of interest, what is a typical wage where you live? The previous advice was accurate, if you can earn between 35k and 40k which sould be managable if you're a business owner and a hard worker, you'll be able to rent a decent place to live in the suburbs of Dublin and have a reasonable quality of life for you and your family. I'd recomend Knocklyon as an area, very reaonable rents when the houses are available and a very pleasant place to live, with a school, plenty of green area, five minutes from the mountains and more than enough amenities.

Dub13

I make about 55k and support MrsDub13 and 3 kids all 4 or under,my mortgage is about 900 a month and thats for a 4 bed semi.I budget 100 a week for bills,thats Sky,Eircom,ESB,Gas,and we run a car and motorbike this saves us having two cars.

On 50k plus you should have a good lifestyle and a couple of holidays a year.

ixoy

Dub13 - the OP would never get a 4-bed semi in Dublin for a mortgage of €900. He'd needto double it at least to factor in the actual cost these days.

Degsy

And FFS dont get a credit card..interest rates here are ridiculous and it just becomes another monthly outgoing.

Dub13

ixoy wrote:

Dub13 - the OP would never get a 4-bed semi in Dublin for a mortgage of €900. He'd needto double it at least to factor in the actual cost these days.

I agree I bought 6/7 years ago so the prices were a lot lower than today.I was just trying to give him an idea of the cost of living in Dublin,my wages are good but its a single income and we still have a good lifestyle.

bugler

Ukkram,

I understand crime is a big factor in SA and in you wanting to move, but all indicators I've seen are that SA offers a better quality of life in terms of purchase power and value for money than many places.

Dublin is pricey, as you've seen. Finding somewhere to rent is a lot of hassle unless you get a bit of luck, I suspect having a child is a further drawback in this regard. Property prices have stalled and should fall, but are still relatviely high.

Have you thought of living outside Dublin? Personally I think Galway is a great place. Not nearly has big but has its own benefits. Perhaps your business wouldn't be as feasible outisde the capital.

ukkram

To answer Lodgepole's question.
I spend about E1000.00 a month in Cape Town and that includes my rent and my car is paid up. Also I don't skimp as we eat out often and have a couple of beers a few times a week. A middle class couple with 1 child can easly live on E1000.00 a month and it is even cheaper elsewhere in South Africa. Cape Town is very expensive compared to Johannesberg. A modern 2 bed apartment in a security block with swimming pool and games room will cost about E55000.00.

ukkram

Dub13
When you say 50k, is that per year or per month?

Dub13

ukkram wrote:

Dub13
When you say 50k, is that per year or per month?

About 55k per year,I wish it was per month.;)

jos28

Ukkram,
What kind of business are you hoping to set up. Your business might do better outside Dublin, where property is much cheaper.

ukkram

What business can I buy with E110k to give me a net of E40k per year?
This seems to be the a reasonable income in IRE. I am not into food and pubs.

Gran Hermano

ukkram wrote:

A modern 2 bed apartment in a security block with swimming pool and games room will cost about E55000.00.

€55k would probably just about get you a parking space in Dublin city.

mikemac

This thread is about Dublin but it's making me want to emigrate to South Africa

Ukram,
Whats the average industrial wage for in SA?
Is everything cheap as wages are small?

Don't want to drag this offtopic.
You've gotten loads of info on Dublin so maybe you can give us some info on South Africa.

ukkram

Don't think about coming to SA. If u are a white male, forget about getting a job as BEE (black empowerment something) will not allow u to be employed. All companies must employ 75% blacks in their management or pay a tax penelty.
So if you are looking for a job here, forget it.
Many Europeans buy property here but do not work here.
The "brain drain has' has been so bad that we have electricity blackouts per region to conserve power as the engineers have ducked.

Saruman

ukkram how about combining your place of work with your place of living?
If you are buying a business then try and buy something that has a flat over it and this will save you money on everything from commuting to rent.

€110k however is not a lot of money to buy a business though. You could maybe rent somewhere and set up a business... maybe a franchise of some kind. What is it you do now?

ukkram

Well, at the moment I have a small coffee shop. I can see from this forum that E11k will not get me a business in IRE. I will at this stage stay here and look at, perhaps, Spain

ukkram

Sorry, E 110 k