![]() So what is that money paying for exactly? I’ll go over each budget item in detail below. internet), and others will only go up by 30-40% (ex. Why not? Because some costs won’t increase at all (ex. If you’re moving to London with a partner, you won’t simply double that £933 to get your monthly spend. In fact, the London rental market is hotter than ever, with demand outpacing supply and properties flying off the market for over asking price.Īs I’ve mentioned, rent is one expense that varies so wildly, it doesn’t make sense to include it in this calculation. While the shift to remote working and the loss of financial sector jobs due to Brexit drove down prices in Zone 1 and 2 London neighborhoods, prices started to rebound in mid-2022. RELATED: The Definitive Moving to London Checklist What is the average cost of living in London per month?īased on my personal experience, as well as data from Numbeo and Expatisan, the average cost of living in London per month in 2023 is £933 for a single person–excluding rent. As an Amazon Associate, I earn from qualifying purchases. That being said, here’s what you can expect in terms of monthly expenses in London. If you’re living in a house/flat share, remember to divide the utility costs accordingly.Coupled with the dramatic increases in energy prices and food, it’s become even more expensive to live in London vs just a few years ago. Now that the UK is no longer a member of the EU, we’re seeing price shifts in rent, groceries, and other imported goods.Always plan your housing budget after you’ve calculated the cost of your other monthly expenses. Your monthly rent will take a huge chunk of your income.But for things like rent and transportation, which vary wildly based on your neighborhood and place of work, I’ll offer ranges and links to additional London cost of living resources. I will give a few specific examples from my own life where they make sense.If you keep your flat toasty warm in the winter and also work from home, your gas and electric bill will be far higher than a neighbor who’s gone most of the day and wears layers to keep off the chill. No two people will have the same living expenses in London.But before we get to that, here are a few things to keep in mind: Now that we’re well past the first year living in London, I can share my insight into the various monthly costs (and a few annual ones, too). Knowing what to budget for was so helpful, especially when it came to finding a London apartment that wouldn’t cost 70% of our salaries! Before we moved here from the US, I did a ton of research on monthly expenses in London. It’s no secret that the average cost of living in London is one of the highest in the world.
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