Cost of Living in London, United Kingdom
London has a cost of living index of 85/100 (New York = 100). It is 15% cheaper than New York. Data sourced live via AI — updated regularly.
Cost Breakdown by Category
Digital Nomad Profile
Best neighborhoods: Shoreditch, Camden, Covent Garden
Frequently Asked Questions
Is London cheap to live in?
London has a cost of living index of 85/100, where New York = 100. It is 15% cheaper than New York. A single person can live comfortably for approximately $1,700–$2,380 per month.
How much does rent cost in London?
A 1-bedroom apartment in the city center of London costs approximately $2,800/month. Outside the center, expect to pay around $1,700/month.
Is London good for digital nomads?
London has a large digital nomad community. Average internet speed is 72 Mbps, café wifi reliability is excellent, and coworking spaces run about $350/month. English proficiency is high.
What is the average salary in London?
The median net monthly salary in London is approximately $3,850 USD. The income tax rate is around 27%.
How does London compare to New York for cost of living?
London (cost index 85) is 15% cheaper than New York (cost index 100). You could save roughly $375/month by moving from New York to London.
Compare London with another city
See exactly how London stacks up against your current city or next destination.
Free to start · No credit card needed