Cost of Living in London (England), Monthly Costs & Prices Included
How many cost of living in London (England)? Anyone who decides to move to London needs to know first how much is the cost of living in London is. Every year, many expatriates move to this country either to perform some jobs or to run a business.
Therefore, information related to the cost of living becomes important for them. Starting a new life in the country needs a lot of preparation.
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Whether related to accommodation, transportation, meals, study, and many more. For details about this information, the following paragraphs will give an overview.
Cost of Accommodation in London
The first thing that will be queried by many foreigners is the cost of accommodation in London. It is necessary to find the most suitable place for living. Therefore, considering the cost of accommodation in this country is important.
In London, most expatriates decide to rent a house or a unit of an apartment. The price can be quite variable depending on the location and the area. Therefore, you need to consider whether you are a single person looking for a studio apartment, or you have a family that needs a house for rent.
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As an overview, a one-bedroom apartment in London will cost about 1,800-pound sterling. While a three-bedroom apartment costs about 2,200 pounds sterling. Furthermore, if you plan to rent a house, it costs around 2,500 pounds sterling. If you choose to select an accommodation in the center of the city, it can cost more.
With this cost, some expatriates living in the country with no family choose to share a room with another person. It will help them reduce the cost of the apartment rent by up to half of the price. Therefore, it can be more economical.
Cost of Transportation in London
Another consideration shall be made on the cost of transportation in the country. It is a nice thing to know that London offers various affordable public transport options. Therefore, it can be your first option to support your daily activities in the country. The cost is also minimal whenever you decide to use public transport. As an example, a one-way ticket costs a 2.5-pound sterling. If you choose to have a monthly pass, it costs £ 160.
A different cost if you prefer a taxi in London. It will be more expensive, starting from 3 pounds sterling per kilometer. If you choose to buy a car in London, then you need to prepare at least 23,000-pound sterling for a new Volkswagen or Toyota Corolla.
Cost of a Meal in London
Most foreigners will struggle with the cost of the meal. Since the meal cost in London can be considered quite high. For breakfast, normally a person will spend 6-pound sterling for a meal in a fast food restaurant. If you choose to have lunch or dinner in a proper restaurant, it can cost you up to 15 pounds sterling per meal.
It means that in a day, you need to prepare at least 20 pounds sterling for your meals. It can be increased up to 50 pounds sterling depending on your choice of meal that day. Therefore, a person can spend a minimum of 600-pound sterling per month just for food.
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To manage a more economical cost for a meal, you can try to cook your own food every day. The cost for raw ingredients is more reasonable. Such as a kilogram of rice is 1.5 pounds sterling. A dozen regular eggs is 2.2 pounds sterling, a kilogram of chicken is 5.7 pounds sterling, a kilogram of potatoes is 1.1 pounds sterling, and a kilogram of apples is 2 pounds sterling. This means you need around 15 pounds sterling for two days’ meals for a single person.
Cost of Education in London
Another consideration while living in London is the education fee. Mainly for those with a family and children. The school fee can vary, depending on the grade and institution. On average, either daycare or school will cost around 1,200-pound sterling per month. While a university tuition fee for a university will be more expensive. However, to help with this fee, some scholarships are provided. But it only applies to certain students.
Cost of Living in London for a Single and a Family
From the overview above, it can be seen that the cost of living in London for a single person and for a family will be quite different. If I summarize, a single person staying in the country will need around 2,800 pounds sterling per month. While a family will need up to £ 4,800 per month. Therefore, if you decide to move to this country, you need to make sure that your salary will suit these needs.
As an overview, the average salary in London is £ 3,200 per month. Therefore, when you have a family with two working, it will suffice to accommodate your monthly needs, including accommodation, transportation, meals, and school fees.
All the information related to the cost of living in London. Through the information above, at least you can have proper preparation in terms of the received income and the general outcome over there.
So that once you move out to this country, you will be able to make a good standard of living here. Furthermore, you can get a comfortable living without the possibility of too much expense above your income.
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