London

The capital and financial hub of the UK. Extremely expensive for housing but with the highest salaries and unlimited opportunities. Living alone is challenging on average salary.

England - South East🇬🇧

1-Bed Rent

£2,150

per month

Median Salary

£42,000

per year

Afford Alone?

No ✗

Challenging

Rent by Housing Type

Studio

£1,600

1-Bedroom

£2,150

Shared 2-Bed

£1,200

Coliving

£1,400

Shared House

£950

Monthly Budget (on £2,700 take-home)

Income£2,700
Needs (housing, food, transport)£2,670(99%)
Wants (dining, entertainment)£410(15%)
Savings£270(10%)
Remaining£-650

Most Affordable Areas

  • Barking
  • Dagenham
  • Stratford

Most Expensive Areas

  • Kensington
  • Mayfair
  • Chelsea

About London

  • Most expensive UK city for rent
  • Highest salaries offset housing costs
  • Excellent transport network (TfL)
  • 45%+ of salary typically goes to housing

Average Monthly Costs (Moderate Lifestyle)

Groceries

£250

Dining Out

£180

Subscriptions

£45

Entertainment

£120

Personal Care

£65

Public Transport

£150

Similar Cities

Brighton and Hove

£1,650/mo

Oxford

£1,950/mo

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