lutriadax.blogg.se - Average monthly expenses for one person 2019

Given that the average cost of living in London is objectively much more expensive than in other cities, the Londoners’ suggestion of needing £53,000 to live comfortably doesn’t seem so far-fetched. To put things in perspective, the most recent stats in early 2022 suggest that the UK median average for annual earnings was £31,285 for people in full-time work. Your tastes in food, clothes and entertainment, your commute, whether you have children or not – all these things influence the equation. However, like every question on average living costs, this depends entirely on your situation. Londoners themselves think you need to earn around £53,000 to live comfortably in the capital, according to a recent TimeOut survey. What salary do I need to live in London comfortably?

Monthly rent for the same accommodation type in an ‘expensive’ area: £1,800.

Monthly rent for a 45 square metre (480 sq ft) furnished studio in a ‘normal’ area: £1,275.

The same effect holds true for smaller accommodation types too:

Monthly rent for the same accommodation type in an ‘expensive’ area: £2,666.

Monthly rent for 85 square metre (900 sq ft) furnished accommodation in a ‘normal’ area: £1,902.

Take a look at the difference in average rental rates for what are considered ‘normal’ and ‘expensive’ areas in London: While many costs will remain largely the same, things like entertainment, eating out and, crucially, rent will be affected significantly. The area you live in plays a big role in influencing the cost of living in London. Posted on 18th March 2022 Does the area you live in influence the cost of living in London? So don’t be disheartened! There are plenty of affordable rental properties in London, in practically all of the sought-after boroughs. Due to rampant property speculation and the development of mega-luxury rental properties throughout central London, the sky-high rental rates for these properties drag the city’s average upwards.

Taxi fare for a 5-mile journey on a business day: £26īear in mind that while the citywide rental average for London is almost twice that of the rest of the country, this figure is slightly skewed.

Rent: £2142 per month ( London citywide average for early 2022).

Some of the main cost types that make London much more expensive than the rest of the country include: It’s also the second most expensive city in all of Western Europe!Īs you can see, compared to the national average cost of living, London is an expensive place to hang your hat. This makes London the most expensive city in the UK for living costs by far. For a family of four, the monthly cost rises to £4745, or £56,940 annually. This means that the annual average cost of living in London for a single person is £33,480. This is almost £800 more to find per month than the UK average. In 2022, for a single person, the average cost of living in London clocks in at £2790 per month. What is the annual average cost of living in London? Of course, everyone’s living costs are different depending on our tastes, choices and circumstances, but this is still a helpful yardstick. For a family of four, this figure goes up to £3566. London vs Geneva cost of living What is the average living cost in UK?Īt the beginning of 2022, the average monthly living cost for a single person in the UK is estimated to be around £2020 with rent included.