Who's planning to hang out or move to London? Raise your hand!!! I believe many of you might be wondering how expensive it really is. People say living in the big city comes with a big price tag, and you might be scratching your head, thinking, 'How much should I prepare for all these high costs?' Well, fear not! Today, BACCOM has the answers for you! :DD
Rent Prices in London 🏠
For those who want to live in nice areas with easy access to Central London, you might consider areas around Zone 2-3. The rent budget depends on the type of room you want. Let's break down the expenses for accommodation and other expenses separately.
Accommodation Rent 🏡
Room Type: Studio Studio flats are around £1,300 per month (rent only).
Room Type: 1-Bedroom 1-bedroom flats range from £1,500 to £1,800 per month (rent only).
Room Type: Flat Shared Shared flats range from £700 to £1,000 per month. This option is suitable if you're on a tight budget and don't mind living with others. Some shared flats include utilities like water, electricity, gas, and internet in the rent.
Other Accommodation Expenses 🧾
Utilities (Water, Electricity, Gas, Internet) These utilities cost approximately £80-£100 per month, depending on usage. Some accommodations include these expenses in the rent, like the shared flats mentioned earlier. So, it's essential to check the details to avoid surprises when the bill arrives!
Council Tax Students are usually exempt from paying council tax. However, non-students might have to pay this tax, depending on the area. It ranges from around £70 to £150 per month, depending on the location and the value of your accommodation..
TV License If you want to watch TV in your accommodation, you'll need a TV license, which costs around £150 per year.
Understanding these expenses will help you budget wisely for your accommodation in London! 💷🌟
Food Prices in London 🍔
For those who love dining out, prices in regular restaurants can range from £10-£15 per dish, excluding drinks. But if you're into street food or lower-priced options, you can find meals for £5-£8, not including drinks. Please note that service charges added by restaurants in the UK is optional,you can ask for it to be removed if you are not happy with the service.
Now, for the home cooks out there, here’s a glimpse of supermarket prices for you to check out below! 🍲
Approximate price of food items
Speaking of living costs, especially for food, it can be either reasonable or a bit steep, depending on where you shop. If you go to regular supermarkets like Tesco or Sainsbury's, prices might be moderate. However, for those who fancy something a bit more premium, shopping at places like Waitrose or M&S might be a good choice. Quality comes at a cost, right?
Also, it all boils down to your lifestyle, do you enjoy cooking at home or prefer dining out more often? Whether you enjoy home-cooked meals or dining out frequently, your food expenses will differ from person to person. For those who like to save a bit and prefer cooking at home, the weekly grocery bill from a regular supermarket might be around £70 per person. Happy budgeting! ;DD
Public Transportation Costs in London
Let's dive into all the ways to travel around London! Knowing this to survive! 7 tactics to travel in the UK by using public transportation.👈🏻 Click to read more about the details of each type of public transport and how to get the tickets. But guess what? The most popular way people travel around London is by using the Tube! 🚇 There are 11 lines and a whopping 270 stations, making it super easy and fast to get to different places.
Now, the cost of a ticket varies by zone. Getting a monthly pass is what we recommend if you travel frequently. You'll save so much money! For zones 1-2, a single ticket on the Tube, DLR, or London Overground costs £4. However, it costs £5 for zones 1-3 or 1-6.
Here's the trick! If you get an Oyster Card (it’s a prepaid card for transportation), you'll get a discount! Tickets for all public transit will be around £1 cheaper. That means if you use it on the bus, it's only about £1.50 per ride!
And for frequent travelers in London, we suggest getting a Travel Card. It's an all-in-one pass for the Tube, Overground, DLR, and even buses, with unlimited rides! You can get it for 7 days, 3 months, 6 months, or a whole year. The price depends on where you want to travel. You can check the detailed prices here: Travel Card Prices.
Bonus Tip! : How to save money on transportation in London
Guess what? BACCOM has even more tips to help you save money on transportation in London! If you're interested, you can click to read the article: How to save on travel expenses in London. Following these tips will definitely help you save some extra cash! 🤩✨
Other expenses in London
For those who love exercising, the cost of a fitness membership ranges from £16 to £50 per month. The facilities and services offered by the fitness centres may vary, so it's good to check what each gym provides.
Here, we're talking about the expenses you need to consider for your cost of living in London. Undoubtedly, London is the most expensive city in the UK for living costs by far. Therefore, if you're not careful or don't manage your finances well, you might exceed your budget. Be cautious about this! ><
As for those who are concerned about accommodation costs and want to consult with the BACCOM team, feel free to reach out to us. We're more than happy to provide advice to everyone.
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