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What is the cost of living in London in 2018?

by 1st Contact | Jan 25, 2018
  • 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.
    big-ben-london-at-night

    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.

    We are a professional services company that specialises in cross-border financial and immigration advice and solutions.

    Our teams in the UK, South Africa and Australia can ensure that when you decide to move overseas, invest offshore or expand your business internationally, you’ll do so with the backing of experienced local experts.

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    South Africa

    Cape Town

    Regent Square
    Doncaster Road
    Kenilworth 7708 +27 (0) 21 657 2120

    Durban

    25 Richefond Circle
    Ridgeside
    Umhlanga 4320 +27 (0) 31 536 8843

    United Kingdom

    Croydon

    One Croydon
    12-16 Addiscombe Road
    Croydon CR0 0XT +44 (0) 20 7759 7514

    Australia

    Melbourne

    9 Yarra Street
    South Yarra
    VIC 3141 +613 (0) 8651 4500

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