I'm just worried that the living expenses aren't worth the move and that I would be better off looking into other destinations like Germany, the Netherlands or perhaps even Sweden ?
What's your take on this ?
Cheers
Disclaimer here: I don’t know anything about London. And I won’t talk about Brexit, that’s a separate and important consideration.
The higher salary will almost certainly make up for the cost of living.
You just need to do the math. The information is readily available. Find salary information for your role and experience level, and then jump on real estate websites and find out how much rentals costs near some of those employees.
I thought San Francisco was crazy until I did the math. Sure, the rent is $5000 a month or higher, but that’s only $48k a year more than a $1000 a month apartment in the Midwest United States. But you’re looking at a salary difference of over $100k, maybe even $200k, and all that extra money means extra savings that could be taken to a cheaper city when you retire, or help you retire faster.
Not only that, but everything that comes from a factory, and things like plane tickets all stay the same price while your salary is way higher.
I personally think going from a mid-size city to a larger one is appealing. Larger cities have more things to do, more ways to explore niche interests, and better transit.
There are downsides but I think some adjustment is all you need. For one, you have to take your personal belongings seriously. If you have a suburban habit of storing a bunch of stuff you don’t need, you will need to change that. If you can learn to live in a smaller space and enjoy it that’ll go really far in allowing you to benefit from the extra salary without throwing it all away on housing.
London has lots of downsides, but you can expect a reasonable career.
Also if you have aspirations to move to the USA, you can work for a FAANG company and then get a transfer to a US office in a few years on an L1 visa.
This is now the only practical way to get into the US to work since the H1B visa system is completely broken.
On a side note, I'd suggest to look for something else than money unless you have a very specific project or reason in mind. I made the mistake of taking a job because of the high compensation and benefits on a different country and made me miserable because everything else wasn't worth it - not even the job. Choose wisely, as you'll be the one living it and not us.
Arguably the latter will be felt worse in the coming months, as Brexit has already been accounted for by many companies.
Initial compensation was a bit more than before but expenses were much higher (back than I was in doubt where I made the right decision).
Now I'm making much(!!!) more than when I moved here, and life is great. Other countries (except Switzerland) won't be able to pay salaries as high as you'll get in London.
Once I met my spouse and started having kids, Silicon Valley became way too expensive.
If you're young, and have no spouse or kids, the experience alone might be "worth it," even if you have to live in a tiny apartment and only stay in London for a short time.
My Background: a javascript (node/react) dev with 2 yrs of exp, a EU(portugal) passport holder living in Hong Kong