What is the cost of living in London?

The Cost Of Living In London Is More Expensive Than Many Places Around The World

Many believe the cost of living in London is more expensive than the rest of the UK, and according to reports it is. London has become so expensive that thousands of people who work in the capital cannot afford to live there.

With the high house prices and the extremely high rental prices, many of those who do decide to live in London have to share a room in a house.  This is not ideal for those wishing to buy their first property or to rent their own flat, but with the high unemployment in the UK, many people have no other option.The average price. Depends what part of london but you are looking at around £400,000 to buy one. For a basic flat to rent, you are looking at around £1,600 per month but you will not get much for that.

For people visiting London, many are shocked at how high the prices are for food, entertainment and travel compared to other countries around the world. A stay in a hotel is much more expensive than most other parts of the country, and that is why many tourist who visit London either stay in a Bed and Breakfast or a hostel.

A pint of beer in London can cost on average nearly £5, which is much more expensive than the rest of the UK. Even soft drinks have become expensive, including bottled water.

An average meal in McDonalds will cost around £5.15, which is not bad considering other prices on food. Shopping in supermarkets is much more expensive in London compared to the rest of the country, which includes personal care items such as hair shampoo that is priced at around £4.44.

Many travel experts believe the high prices in London are putting off the tourists and driving them to other parts of the country including Manchester. Many suggest a person visiting London should bring with them 50% more in spending money than they would visiting other countries around the world.

Although the prices are high in London, the capital is still one of the most visited capitals in the world.

Sample cab fare price:  Start : Great North Way, London NW4 1PT, UK

End: Saint Mary Somerset Tower, London EC4V, UK   £ 35.60