What Does It Really Cost to Live in London?

Apartment Therapy's Cost of Living Report

Living in a foreign country can be challenging enough — add in the weak dollar to the British pound and it seems impossible to live in London. After three years of living in one of the world's most expensive cities, I no longer bother to do the mental conversion rate to US dollars in my head, as it is just too depressing to think about...

...but for purposes of this list, for those of you thinking in dollars, here is the current exchange rate: 1 British Pound Sterling equals 1.56 US Dollar

Essentials & Entertainment

Milk: 89 p/1 liter
Monthly Tube Pass: £116.80 (Zones 1 & 2, trains and buses)
Gas: £5.22 per gallon
Movie ticket: £12
Restaurant Dinner: £25/person
Beer (draft pint): £4
Cocktail: £12

A note on neighborhoods: I chose three neighborhoods with varying prices and vibes. Notting Hill was chosen for its quintessential London feel, and of course movie fame. Shoreditch is the edgy East London neighborhood that is quickly on its way to gentrification. For the third neighborhood I chose something south of the river, as prices are generally lower south of the Thames.

Housing for Rent

Median Rents (One Bedroom):

Notting Hill: £460 per week
Shoreditch: £449 per week
Clapham: £321 per week

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One Bedroom Examples:

Notting Hill: 1 bed, 1 bath £395 per week/£1,712 per month
Shoreditch: 1 bed, 1 bath £375 per week/£1,625 per month
Clapham: 1 bed, 1 bath £350 per week/£1,517 per month

Median Rents (Two Bedroom):

Notting Hill: £679 per week
Shoreditch: £566 per week
Clapham: £413 per week

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Two Bedroom Examples:

Notting Hill: 2 beds, 1 bath 557 sq. ft. £575 per week/£2,492 per month
Shoreditch: 2 beds, 1 bath 612 sq. ft. £570 per week/£2,470 per month
Clapham: 2 beds, 2 baths £475 per week/£2,058 per month

Housing for Sale

Median Home Prices (One Bedroom):

Notting Hill: £636,640
Shoreditch: £407,943
Clapham: £336,201

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One Bedroom Examples:

Notting Hill: 1 bed, 1 bath; 652 sq. ft. £895,000
Shoreditch: 1 bed, 1 bath; 549 sq. ft. £575,000
Clapham: 1 bed, 1 bath; 602 sq. ft. £450,000

Median Home Prices (Two Bedroom):

Notting Hill: £1,065,964
Shoreditch: £673,839
Clapham: £471, 914

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Two Bedroom Examples:

Notting Hill: 2 beds, 1 bath; 972 sq. ft. £1,075,000
Shoreditch: 2 beds, 2 baths; 1209 sq. ft. £850,000
Clapham: 2 beds, 1 bath; 1051 sq. ft £550,000

Londoners, feel free to share your experiences in the comments!

(Images: Lead image: Claire Bock, House Images: Zoopla)

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Claire is a California native living in London who loves discovering the city with her husband and French bulldog Watson. With a background in photography and interior design, her current creative obsessions include sewing, printmaking, and anything neon.

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