Hello everyone,
I am aware a variation of this has been asked a bit, however, haven’t seen one that is too similar with family situation and all.
So it will be my wife and I and 3 kids (aged 3, 5, and 7) moving to Tokyo. I took a job that isn’t a crazy foreigner salary but I believe is good. Which is why I am here to get some more info. As a family we do not speak Japanese. So there is public school areas I’d for sure prefer to be in. From speaking with people and getting more information, the ToyosuNishi Elementary School, and the Toyosu area in general seems to be a great spot. I am also working in Koto (only need to go in twice a week) so would be quite convenient.
So to start off with my salary is 9M JPY with a 500k sign on bonus. However, I also get disability from the US VA for $1750 USD per month.
So income is:
¥9,000,000 + ¥3,000,000 =¥12,000,000
• Resident Tax: ¥720,000
• Income Tax: ¥720,000
• Social Insurance(50% paid by employer): ¥675,000
• Total Deductions: ¥2,115,000 per year
So after taxes = ¥9,800,000 (round down for easy numbers)
Now for monthly expenses I estimate (and this is where I want to confirm my thinking is okay especially):
- Rent (3-4LDK): ¥300,000 to ¥405,000
- Groceries: ¥80,000 to ¥100,000
- Utilities (electricity, gas, water): ¥25,000 to ¥35,000
- Transportation (public transport): ¥20,000 to ¥30,000
- Entertainment & Leisure: ¥20,000 to ¥40,000
- Healthcare: ¥20,000 to ¥30,000
- Child-related costs (education, school supplies, activities): ¥30,000 to ¥50,000
Total Monthly Expenses (Ranges):
• Lower Estimate: ¥495,000
• Upper Estimate: ¥690,000
Leftover Income:
• With Lower Range Expenses (¥495,000) that leaves me with ¥337,000 a month
• With Upper Range Expenses (¥690,000) that leaves me with ¥142,750
With that said, does ¥142,750 to ¥337,000 sound like enough left over per month to make this move a good idea? And further, is ¥142k yen per month enough to be okay on the worse end of things.
Thank you very much in advance for your responses. I realize that’s more than a lot of locals make, however, I want to make this as easy as possible for my family and make sure I’m not putting us in a bad situation so am probably over worried.
by techresearch95