internet), and others will only go up by 30-40% (ex. Why not? Because some costs won’t increase at all (ex. If you’re moving to London with a partner, you won’t simply double that £1,075 to get your monthly spend. This means there’s even more competition for the remaining rental properties, and rents have shot up further as a consequence.Īs I’ve mentioned, rent is one expense that varies so wildly, it doesn’t make sense to include it in this calculation. Recent interest rate hikes and new tenant protection laws have also seen many landlords exit the market. ![]() In fact, the London rental market is hotter than ever, with demand outpacing supply and properties flying off the market for over asking price. While the shift to remote working and the loss of financial sector jobs due to Brexit initially drove down prices in Zone 1 and 2 London neighborhoods, those days are over. RELATED: The Definitive Moving to London Checklist What is the average cost of living in London per month?īased on my personal experience, as well as data from Numbeo and Expatisan, the average cost of living in London per month in 2023 is around £1,075 for a single person–excluding rent. As an Amazon Associate, I earn from qualifying purchases. That being said, here’s what you can expect in terms of monthly expenses in London.
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