How Cheaply Can You Live In London?

What salary do you need to live in London?

To summarise, for a comfortable life in London for 1 person, you would need a salary of at least 40K a year..

How much does it cost to live in London per month?

Summary about cost of living in London, United Kingdom: Family of four estimated monthly costs are 4,064.11$ (2,992.06£) without rent. A single person estimated monthly costs are 1,147.51$ (844.81£) without rent. London is 13.25% less expensive than New York (without rent).

Is 35k a good salary in London?

£35k is not enough as a single person to have single occupancy rights to a property and still have enough after normal expenditure to save and not feel poor. A single household in london earning £35k is pittance. If it was enough, there wouldn’t be such a massive shared household market in london.

Is 45000 a good salary in London?

Yeah 45k is decent. That’s around 2.8k monthly take-home. You can get a modern studio or even a small 1 bedroom apartment for 1200-1300, the rest is up to you and your lifestyle.

Is 40000 pounds a good salary in London?

40K is definitely good enough to support yourself, live relatively comfortably. The tax will take quite a good percentage off that which is quite a pain. I guess it won’t be enough to support a family very well if you live in the central London area, or higher investments like buying a house.

Is 1000 pounds enough for a month in London?

Originally Answered: Is 1000 pounds enough to live in London for 3 months? Yes, but only if you’re frugal. Shop carefully, take the others’ suggestions of getting a bike or walking everywhere (the bus is also cheaper), and be aware that you won’t really be able to take advantage of the nightlife.

Is London more expensive than New York?

The cost of living is about equal, with New York City being slightly more expensive. According to Numbeo.com, you’d need about $7,748.16 to maintain the same standard of life in New York that you could have in London for about $6,050.47. With the currency exchange, it winds up fairly even.

Is 30000 pounds a good salary in London?

Oh yes, it’s definitely doable even in London — £30k p.a. comes to £576 per week gross. Lots of Londoners live and raise families on much less. Last time I looked, the the UK average national wage in 2015 or 2016 was £26,500 p.a.

Is 40k a good salary UK?

40K, in my opinion, is a very average salary in London. … However, for some professions, it could also be on unreachable salary. In 2019, the average salary in London was around £37k. So 40K per year is actually slightly higher than the average salary.

Is 60k good salary in London?

£60k is definitely enough to live comfortably in London. £60K per annum gives you about £3,611.32 per month after tax. That is without taking any pre-tax deductions such as pension contributions into account. If you want to save £1,200 per month that means you would have around £2,400 to live on.

Is 90k a good salary in London?

Fancy a pay rise? Figures reveal the UK’s 25 highest-paying firms – with a £90k average topping the list. Global banks have taken three of the top five spots among the highest-paying companies in the UK for 2019, according to new data.

Which is the cheapest area to live in UK?

Want to know more? See the top 10 most affordable towns to buy in:Shildon, County Durham.Peterlee, County Durham.Stevenston, North Ayrshire.Ferndale, Rhondda Valley, Mid-Glamorgan.Cumnock, East Ayrshire.Girvan, South Ayrshire.Ferryhill, County Durham.Irvine, North Ayrshire.More items…

Where should I buy a house in London?

Top 5 areas in London to buy propertyBarking and Dagenham. With an average house price of £300,517, Barking and Dagenham is the cheapest London borough to buy a property in. … Havering. If you’re looking for somewhere green, Havering in East London might be the place for you. … Leyton. … Battersea. … Bloomsbury.

Is 80000 pounds a good salary in UK?

Originally Answered: Is 80,000 pounds enough to live in london? Yes, you should have a pretty decent lifestyle living in London’s suburbs on an income of £80,000 per annum. … Fact is, that’s getting on for twice the average income for many Londoners!

How can I live in London cheaply?

But don’t let this put you off, believe it or not you can live in London for cheaper than you might of thought….Five Top Tips For Living Cheaply In LondonEating Out. … Get Deep Discounts On Late Night Food. … Don’t Buy Your Essentials At The Corner Shop. … Attend Exhibitions And Events Completely Free.More items…•

How do I survive living in London?

Here are my tips for successful London life:Choose your living space wisely. … Get an Oyster Card. … Walk around central London as often as possible. … Use Groupon/Amazon Local/Skint London for everything! … Get used to being forceful. … Never miss the midnight cut off for the last train home.

What’s the safest area in London?

The 5 safest places to live in London1 Richmond. The Borough of Richmond upon Thames in south west London is one of the capital’s most wonderful areas. … 2 Bexley. The Borough of Bexley in south east London has plenty of green space, including Danson Park and Foots Cray Meadows. … 3 Kingston upon Thames. … 4 Sutton. … 5 Harrow.

What is the cheapest part of London to live?

The 10 Cheapest Areas to Rent in LondonBexley. Number one on our list, Bexley currently has the cheapest rent in London with 1-bedroom flats averaging at £823 pcm.Havering. … Croydon. … Barking and Dagenham. … Sutton. … Bromley. … Redbridge. … Hillingdon. … More items…•

Is 100k a good salary in London?

An annual income of £100,000 is enough to put a recipient comfortably within the top 2% of all earners, and the figure has become a key indicator that the recipient is a high-flier.

Where is a safe place to live in London for cheap?

These areas are also pretty affordable, so you get both safety and savings in one!1) Richmond.3) Kingston-upon-Thames.4) Sutton.6) Bromley.

Is 50k a good salary UK?

“Is a 50000 pound income per year in UK a good salary?” Well,it is close to twice the average wage[1] . And (depending on allowances) it brings you into the higher-rate tax bracket – just – that is applied to annual income from £46,351 to £150,000.