How much does it cost to live in London is an important question for you who has a chance to live there. Living abroad may be the dream of many people, and one of their favorite destinations is London as one of the best cities in the world. The high level of security and the diversity of tourist sites are two of the several determining factors for settling in London. In addition, the capital city is indeed known as one of the countries with a high-quality level of education. London has several prestigious universities and institutions that are ranked in the World 100 such as Imperial College London, University College London (UCL), and King’s College London. Read: Orbitz Reviews
Before getting carried away with the tantalizing things above, you need to pay attention to several things, especially the cost of living. It is common knowledge that the cost of living in London per month is one of the most expensive in the world. So, you have to think of a careful strategy so you don’t run out of money.
Before we discuss how much it costs to live in London, we must know about London fare zones, which consist of 6 main zones where Zone 1 is in the center of London and Zones 2-6 surround it. The division of this zone is determined by the cost of traveling from one place to another, and it can be said that the closer you live to the city center, the higher the cost of living.
The cost of living in London for 2021 is approximately £840 per month with annual inflation of around 2%. Of course, the above costs do not include room fees because these costs vary widely. Want to know what £840 includes costs? Let’s go into more detail, and let’s start with the cost of renting a room.
Rent
The cost of renting a room in London is an important component in understanding how much it costs to live in London. The estimated rental cost is £1,603. But, for details, the rental price for a one-bedroom apartment in London ranges from £1,000–2,000 per month. Even though the cost of renting a room is the most expensive among other costs, you can still work around this. Therefore, many international students and even locals use the flat-sharing mechanism.
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Gas and Electric
As in other European countries, gas costs much less than electricity. Therefore, you might be better off having a gas and electricity system to keep your monthly expenses down. For a one-bedroom apartment, you might be able to prepare around £50, which of course depends on the location of the room and the cooking.
Water
The city of London’s water source comes from Thames Water, and there are two types of water bills: metered and unmetered. The average water cost is around £20-30, but of course it can be more if you use too much water.
Internet
One of the advantages of living in London is that most areas have a variety of internet providers, so you have lots of options to choose from, low prices and high quality. The monthly internet fee is usually around £35 with a minimum download speed of 50 Mbps, which is actually enough for 2 people.
Groceries
The cost of eating in London, just like in any other city, really depends on your diet and habits. If you like to cook in an apartment, the costs will certainly be much lower than if you regularly eat out. So, if you cook regularly and bring your lunch to school/work, the cost of groceries is likely to be around £180-200 per month.
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Successfully Managing Cost of Living in London
The reviews above may not be exact numbers, but there is a simple trick to your financial success living in London. Save as much as possible on the first 3 months of living in London. The goal is that you get used to the habit for the next months. Check: JetBlue Airline Reviews
That’s the explanation of how much does it cost to live in London. Makes you more enthusiastic and interested in studying/working there, right?
