London is considered by many to be the greatest city in the world, but it’s no secret that it’s also one of the most expensive. However, the good news is that the cost of living in London has decreased; making 2018 the perfect time to make the capital city your new home.

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The good news: Prices are dropping

Due to a weakening Pound, the cost of living in London is dropping, which is fantastic news for anyone thinking about making the move to the capital city. What’s more, the salaries and wages in London are substantially higher than anywhere else in the UK, so while you may be paying more for groceries and accommodation, keep in mind that you’ll also be earning more.

London vs Sydney

Sydney sits at number 32 on the Cost of Living Index 2018, whereas London sits at number 42. So, while London is an expensive city to live in, you could be doing a lot worse! Below is a comparison of these two cities’ living costs, so you can get an idea of what you’re going to be spending.

Accommodation (per month)

 

London

Sydney

One bedroom flat, city centre

AUD 2,924.94

AUD 2,622.15

One bedroom flat, outside the city

AUD 2,095.29

AUD 1,923.65

Three bedrooms, city centre

AUD 5,540.08

AUD 4,618.14

Three bedrooms, outside the city

AUD 3,478.77

AUD 3,099.07

Food and drink

 

London

Sydney

Pub meal

AUD 26.46

AUD 15.00

Restaurant meal for two

AUD 88.20

AUD 80.00

Bottle of wine in supermarket

AUD 14.11

AUD 17.00

12 eggs in a supermarket

AUD 3.76

AUD 4.43

Pint of beer

AUD 7.94

AUD 8.75

Transportation

 

London

Sydney

One-way ticket on local transport

AUD 4.41

AUD 4.00

Monthly pass

AUD 232.85

AUD 173.91

One litre of fuel

AUD 2.12

AUD 1.34

Taxi fare, per kilometre

AUD 3.53

AUD 2.20

Lifestyle expenses

 

London

Sydney

Movie ticket

AUD 21.17

AUD 20.00

Monthly gym membership

AUD 83.59

AUD 75.51

Pair of jeans (Levis 501 or similar)

AUD 112.39

AUD 99.84

Internet (60 mbps or more, unlimited data, cable/ADSL)

AUD 47.90

AUD 69.86

 

*All costs are averages and accurate as of January 2018.

Apply for your UK visa before the fees increase

If you’ve been thinking about applying for your UK visa, now is the time to do it! The Home Office revises and increases the UK visa fees every year on 6 April, which means you have about two months to apply before the fees increase. The increases can be anything from £2 to £200, so save yourself those extra Pounds for when you get to London by applying for your visa sooner rather than later.

Ready to call London home? Our Kickstart packages will help you get your life in the UK started. Give our team a call on +44 (0) 20 7759 7536 to find out how we can help.

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